|
Updated: 8:15 PM Feb 6, 2012
Taxes on Desks and Chairs Could Go Away
Florida businesses could see several tax breaks from state lawmakers this year. Among them, a property tax on business items such as desks, chairs, or computers.The current taxing system could be keeping some business owners from expanding.
Posted: 6:18 PM Feb 6, 2012Reporter: Mike Vasilinda Email Address: news@wctv.tv Taxes on Desks and Chairs Could Go Away |
|
Tallahassee, FL -- February 6, 2012 --
On any given night, as many as fifty college students fill these cubicles, conducting polls or urging voters to get out and vote. The computers are old, but they work. Owner Linda Cherry says buying new computers would force her to pay a tangible personal property tax.
She told a Senate committee the tax was keeping her and others from expanding.
“We are wanting to move into more equipment, but there’s a consideration of the cost of it, the sales tax we pay on it, and the tangible tax that we pay year after year after year until it’s depreciated,” Cherry said.
Every business, big and small, in Florida must pay a yearly tax on their equipment.
The yearly tax bill on this computer: just about 34 dollars.
The tax makes up just over seven percent of all property taxes collected in Florida. The first 25 thousand in valuation is exempt. Lawmakers want to double that to 50 thousand…but also want the authority to do away with the tax all together.
“You’re taxed on your desk, your chair, your computer, your copy machine,” Sen. Nancy Detert (R-Venice) said. “And you’re not taxed once, you’re taxed every single year.”
Voters do have to approve any changes. Cities, counties and schools may all be potential opponents to the change, especially if there is no replacement source of cash.
If the measure passes both the House and Senate, it will appear on the November ballot. Making it into the constitution requires a sixty percent approval level from voters.
Latest Comments
actually i have excellent insurance. which i will keep even though i will be paying for it. Now SS i will take since i payed into it for the last 50 years. what about you?
It seems to me that somewhere in the tax codes long long ago the lawmakers passed a law that it is illegal to charge tax on a tax. When they lower or remove the taxes on office equipment are they going to raise tuition again and double the amount they are removing to make up for the lost taxes? And when you think about it just look at minimum wage. Every time they raise minimum wages they cost companies more to produce their products so the prices go up. Tax happy politicians are the ones to blame and this just seems like another one of their backroom meetings to cover the public with another smokescreen. When I have to make a major purchase I don't do it in Tallahassee. I go where the sales tax is lower. And, I don't do our grocery shopping there either because of the taxes charged.
I really hope they do get rid of the personal property tangible tax. Paying taxes every year on the same stuff, even the really old stuff, is just ridiculous! It really hurts small businesses!
| WCTV Online Poll |
- Leon County Booking Report: May 23, 2012
- Councilwoman's Son Arrested for Shooting
- Tallahassee Museum Opens Zip Line Tree Adventure
- Currency Seizure by Madison County Sheriff's Office
- Rick Scott Vetoes Early Prison Release Bill
- [UPDATE]: Documents: Champion Wanted to be Hazed
- Correctional Officer Arrested in Drug Sting Sent to Prison
- FDOE: Florida's Third Grade FCAT 2.0 Results Show Promise
- Robbery at Farmers and Merchants Bank, Suspect Identified
- Zimmerman Complained About Sanford Police in 2011
- Poll: Mitt Romney Leads Barack Obama in Florida
157 Comments - Local Mother Claims Child is Being Bullied
138 Comments - [UPDATE]: Documents: Champion Wanted to be Hazed
92 Comments - Robbery at Farmers and Merchants Bank, Suspect Identified
77 Comments - Zimmerman Complained About Sanford Police in 2011
74 Comments - Councilwoman's Son Arrested for Shooting
66 Comments
For more on WCTV’s policy regarding viewer comments, click here.

Taxes on Desks and Chairs Could Go Away





Comment on Today's Poll