Florida TaxWatch COVID-19 Task Force Makes Tax Policy Recommendations

Florida TaxWatch's COVID-19 Taxpayer Task Force released a report that makes various tax policy recommendations to help Florida taxpayers and aid the state's fiscal recovery, including extending the property tax payment deadline and allowing installment payments; limiting millage rates and other tax and fee increases; temporarily expanding the community contribution tax credit to include donations for COVID-19 relief; enacting a temporary sales tax exemption for COVID-19-related purchases and cleaning services; adopting federal Coronavirus Aid, Relief, and Economic Security Act provisions to assist businesses during the pandemic; reducing and ultimately eliminating the business rent tax; decoupling from the federal interest deduction limitation; lowering the investment threshold to qualify for single-sales-factor apportionment; creating a tax credit to encourage manufacturers to use Florida suppliers; and reducing communications services taxes.