Florida Set to Enact Unprecedented Menu of Sales Tax Holidays

This week in state tax news: Florida lawmakers are rushing to enact an unprecedented number of short- and long-term sales tax holidays, hoping to send a burgeoning revenue surplus back to taxpayers. Meanwhile, House Democrats have a new plan to provide a more generous state and local tax deduction, and Alabama, Iowa, and South Carolina took decisive action on tax-cutting legislation.

Florida is already America’s vacation capital, but the Sunshine State is about to become the nation’s sales tax vacation capital as well.

Lawmakers are rushing to enact an unprecedented number of short- and long-term tax holidays on a ...