Gov. Ron DeSantis signed the largest tax relief plan in Florida’s history, providing families with $2.7 billion in tax relief during the 2023–2024 fiscal year. The tax relief package includes a permanent exemption for baby and toddler necessities such as strollers, cribs, diapers and baby wipes. Additionally, it includes two back-to-school sales tax holidays lasting 14 days each (July 23 through Aug. 6 and Jan. 1-14, 2024), two disaster preparedness sales tax holidays lasting 14 days each (May 27-June 9 and Aug. 26-Sept 8) and a freedom summer sales tax holiday on recreational items and children’s toys that will last from Memorial Day to Labor Day. The plan also features a one-year sales tax exemption on gas stoves and Energy Star appliances. There will also be a reduction in the tax rate on business rent from the current 5.5% down to 4.5% effective Dec. 31.
