Vehicle Registration Fee Cut Will Help Florida Business
By Florida Chamber of Commerce // April 8, 2014
Florida Chamber Projects $1 Billion in Savings from Fee Reduction
Below is a release from the Florida Chamber of Commerce.
TALLAHASEE, FLORIDA — Floridians and small businesses will keep more than $1 billion throughout the next three years under a vehicle registration fee roll back measure Governor Rick Scott signed into law.
“No new taxes or fees means more freedom for Floridians and small businesses, and more economic growth for Florida,” said Mark Wilson, President and CEO of the Florida Chamber of Commerce.
The vehicle registration fee roll back is part of Governor Scott’s It’s Your Money tax relief program – an effort that will reduce auto registration fees by more than $309 million during the upcoming budget year, and nearly $400 million a year once the cuts are in effect for the full 12 months of a fiscal year.
“Governor Scott’s tax relief efforts will put money back into the pockets of Floridians and small businesses and further help Florida to become more competitive,” Wilson added.
The Florida Chamber of Commerce’s 2014 Competitiveness Agenda for Jobs supports targeted tax reform. The vehicle registration fee roll back will help Florida’s nearly 16 million registered vehicles- many of which are used as fleet vehicles or by small businesses- save money.
“The Florida Chamber applauds the Florida Legislature and Governor Scott for working to cut taxes on Florida’s families and job creators,” Wilson said.