Scott visits SWFL, proposing $1B in tax cuts
FORT MYERS, Fla.- Governor Rick Scott will visit Southwest Florida on Tuesday as part of his tax cut tour.
The governor will be at Baron Signs in Riviera Beach and at Eastern Architectural Systems in Fort Myers to promote his plan.
Scott is proposing $1 billion in tax cuts to grow the manufacturing industry and Florida’s small businesses to further diversify the economy and guard Florida against another economic downturn.
According to the governor’s office, the $1 billion tax cut package includes permanently eliminating income tax on manufacturing and retail businesses, and on manufacturing machinery and equipment.
Scott is also proposing cutting the tax on commercial leases by 1 percent in 2017.
For students, the governor is considering extending the sales tax exemption on the purchase of college textbooks for an additional year. Families would also receive a 10-day back-to-school sales tax holiday and 9-day hurricane preparedness sales tax holiday.
It is unlikely the Florida Legislature will approve the full plan. The legislature approved about $400 million in tax cuts earlier this year.