Florida’s Governor Ron DeSantis recently signed the largest tax relief plan in Florida’s history, including several sales tax holidays for the 2023-2024 fiscal year. This legislation, passed as HB 7063, is designed to provide Floridian families and businesses with significant tax relief. In this blog post, we’ll highlight the most important aspects of these sales tax holidays to help you take full advantage of these savings opportunities.
New Permanent Sales Tax Exemptions in Florida
Florida’s new tax relief package includes permanent sales tax exemptions on baby and toddler necessities such as cribs, strollers, child safety products, diapers, baby wipes, bottles, and clothing and shoes for children under age 5. Other items permanently exempt from sales tax include oral hygiene products and firearm safety devices. These exemptions are set to save Florida families nearly $234 million.
Florida’s Back-to-School Sales Tax Holidays
Two back-to-school sales tax holidays have been included in the package. These will occur from July 24 – August 6, 2023, and January 1 – January 14, 2024. These holidays are perfect for stocking up on school supplies and preparing for the academic year ahead.
Florida’s Disaster Preparedness Sales Tax Holidays
In anticipation of the Atlantic hurricane season, two disaster preparedness sales tax holidays will take place from May 27 – June 9, 2023, and August 26 – September 8, 2023. This is an excellent opportunity to prepare for potential natural disasters and emergencies without the added sales tax.
Florida’s Freedom Summer Sales Tax Holiday
From Memorial Day to Labor Day, there will be a freedom summer sales tax holiday on recreational items and children’s toys. This holiday is ideal for summer purchases, from pool floats to beach toys and outdoor play equipment.
Florida’s Tools and Equipment Sales Tax Holiday
For those looking to upgrade their tools or purchase new equipment, there will be a Tools and Equipment sales tax holiday from September 2 – September 8, 2023.
For more information on Florida’s sales tax holidays, check out the Sales Tax Holidays page on the Florida Department of Revenue website.