1 result(s) found tagged: Tax
SEP 4, 2008
Florida Amendment 5 Removed From Ballot
From AAF Charlotte:
The Florida Supreme Court has ruled that Amendment 5 must be removed from the ballot. Amendment 5 could have opened the door to a tax on advertising services. The proposed constitutional amendment would have cut the property tax by an average of 25 percent—an estimated $9 billion in 2011. The property tax is the main source of education funding in Florida. The amendment would have required the legislature to maintain same level of education funding. While it did not mandate where the new revenues would come from, it specifies that the legislature could have raised the six cent sales tax by one cent and eliminated existing sales tax exemptions, including advertising.
FEATURED: Muzak
