President Office — Press Release
FOR IMMEDIATE RELEASE
March 18, 2014
Tax Relief: $395 Million Reduction in Vehicle Fees Unanimously Passes Florida Senate
Today, the Florida Senate unanimously passed Senate Bill 156, Motor Vehicle License Taxes, by Senator Joe Negron (R-Stuart), which will reduce certain annual vehicle registration fees for a total of nearly $400 million in tax relief.
“For the second consecutive year, the Senate has overwhelmingly supported Senator Negron’s proposal to roll back vehicle fees and give broad-based tax relief to every Floridian who drives a car or truck,” said Senate President Don Gaetz (R-Niceville). “This bill is the centerpiece of the $500 million ‘It’s Your Money’ tax cut which Governor Scott, Speaker Weatherford and I are committed to passing this year.”
“The impact of this meaningful tax relief will be felt by Florida families throughout the state for years to come,” said Senator Negron. “I am grateful to Governor Scott, President Gaetz, Speaker Weatherford and my colleagues in the Senate for their continued leadership as we work to deliver broad-based tax relief to the families and businesses of Florida.”
Senate Bill 156 reduces certain annual fees paid to register a motor vehicle to the amount paid prior to 2009. Based on the latest estimates, the bill reduces fees by $395 million. Annual vehicle registration fees were raised during the height of Florida’s economic decline in 2009, a year when state general revenue collections had declined more than 22 percent since their high in 2005-2006.
Tax relief is a joint priority of Senate President Don Gaetz (R-Niceville) and House Speaker Will Weatherford (R-Wesley Chapel) who announced a $500 million tax and fee reduction as a key component of their 5-point Work Plan 2014 joint legislative agenda. With the expected passed of SB 156 by the House of Representatives, the Legislature will have completed major work on three of the five priorities agreed to by Speaker Weatherford and President Gaetz. The House and Senate have already passed legislation to protect Florida’s children from sexual predators as well as the Florida GI Bill, making Florida the most military-friendly state in the nation.
For more information, please visitwww.FLSenate.gov.
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