What’s in DeSantis’ $1.07 Billion Florida Tax Relief Bill?

A new Florida tax relief package defines 2024 sales tax holidays and cuts taxes for families and businesses. Here's what's included.

Florida directional sign
(Image credit: Getty Images)

Gov. Ron DeSantis signed a $1.07 billion Florida sales tax relief bill into law on May 7. The legislation defines 2024 sales tax holidays and provides several tax cuts for businesses and families, including a one-year property tax exemption on home insurance premiums.

In a news release, DeSantis referred to the tax cuts as necessary, saying they will provide necessary tax relief for Floridians while the "D.C. political class shows no signs of reversing course on the inflationary policies of the federal government.”

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Katelyn Washington
Former Tax Writer

Katelyn has more than 6 years of experience working in tax and finance. While she specialized in tax content while working at Kiplinger from 2023 to 2024, Katelyn has also written for digital publications on topics including insurance, retirement, and financial planning and had financial advice commissioned by national print publications. She believes knowledge is the key to success and enjoys providing content that educates and informs.