taxes

Gov. Ron DeSantis' proposal would eliminate the state portion of gas taxes, saving motorists about 25 cents a gallon and $200 over 5-6 months.

A report released Wednesday by the Legislature’s Office of Economic & Demographic Research said general-revenue tax collections in September were $442.2 million more than had been projected in an August forecast.

Democrats say the tax on billionaire assets would help pay for President Biden's social spending bill.

The Biden administration hopes to help fund its agenda by cracking down on tax evasion, but its plan to require more bank information is drawing strong opposition from GOP lawmakers and banks.

As Florida lawmakers prepare to draw up a new budget, they continue to get a boost from residents and tourists spending money. A report released Monday showed that Florida collected $327.9 million more in general revenue in August than had been projected. Much of the bump, $248.2 million, came from higher-than expected sales-tax collections.

The agreement would set a 15% minimum tax rate for companies around the world, but it would need to be passed by a closely divided Congress.

Democrats will try the same budgetary process from four decades ago when first-year President Ronald Reagan used reconciliation to achieve his "revolution" in federal fiscal policy.

Florida lawmakers will have an additional $2.6 billion to play with in general-revenue taxes, along with nearly $6 billion in unspent federal coronavirus stimulus money, as they begin to piece together an election-year budget.

"Be alert to criminals who ask you, by phone, email, text – or even on social media, to verify your information," the IRS cautions.

A statement from White House press secretary Jen Psaki said the counterproposal on one of the president's chief domestic priorities did not "meet the essential needs of our country."

Tourism officials say it could lead to money being diverted away from tourism promotion and advertising.

It is the second consecutive year the agency has given taxpayers more time to file their returns because of the coronavirus pandemic.