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Governor Signs Bill Providing 10 Tax Holidays

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Photo courtesy The Florida Channel via WFTV
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The first tax holiday begins on May 14, a 3-month sales tax holiday on children’s books. The last one to start begins October 1. It's a one-month Fuel Tax Holiday that will lower the price of gas by 25.3 cents a gallon.

Ocala - Friday May 6, 2022: During a news conference in Ocala Friday Governor Ron DeSantis signed House Bill 7071 into law. It provides 10 tax holidays for a variety of items commonly purchased including fuel, diapers, disaster supplies, and tools.

The first tax holiday begins on May 14, a 3-month sales tax holiday on children’s books. The last one to start begins October 1. It's a one-month Fuel Tax Holiday that will lower the price of gas by 25.3 cents a gallon.

All of the tax holidays are scheduled to begin this year, most will end in 2022, but 3 are scheduled to last one year, and one of the tax holidays will be in place for three years.

It's estimated that the tax holidays will provide $1.24 billon in tax relief, "the largest tax relief package" in state history said the Governor. "We are in a good position to provide meaningful relief for families, right now.”

Read Bill 7071 here.

The 10 tax holidays are:

1. May 14 through August 14, 2022: A 3-month sales tax holiday for children’s books. An estimated $3.3 million in tax relief.

2. May 28 through June 10, 2022: A 14-day Disaster Preparedness sales tax holiday on things like flashlights, radios, tarps, and batteries. An estimated $25.6 million in tax relief.

3. July 1, 2022, through June 30, 2024: A two-year sales tax holiday for impact resistant windows, doors, and garage doors, . An estimated $442.8 million in tax relief.

4. July 1, 2022, through June 30, 2023: A one-year sales tax holiday on baby and toddler clothes and shoes. An estimated $81.5 million in tax relief.

5. July 1, 2022, through June 30, 2023: A one-year sales tax holiday from, for children’s diapers. An estimated $38.9 million in tax relief.

6. July 1 to July 7, 2022: A 7-day 'Freedom Week' sales tax exemption for specified admissions and items related to recreational activities. An estimated $70.6 million in tax relief.

7. July 1, 2022, through June 30, 2023: A one-year Energy Star Appliances sales tax holiday on washing machines, clothes dryers, water heaters, and refrigerators. An estimated $78.5 million in
tax relief.

8. July 25 through August 7, 2022: A 14-day Back-to-School sales tax holiday for clothing, shoes, backpacks, and school supplies. An estimated $100 million in tax relief.

9. September 3 through September 9, 2022: A 7-day Tool-Time sales tax holiday from , for tools and other home improvement items. An estimated $12.4 million in tax relief.

10. October 1, through October 31, 2022: A one-month Fuel Tax Holiday by lowering the price of gas by 25.3 cents per gallon. An estimated $200 million tax relief.

There is also some permanent tax relief in the law that covers various sales tax exemptions, corporate income tax credit expansions, and ad valorem tax and exemption provisions. That is expected to generate an additional $190 million in tax savings over two years and $140 million annually after that.

You can find additional information about the tax holidays at: floridarevenue.com/SalesTaxHolidays.