News Release: Florida Senate
Updated: April 2, 2014, 5:30pm
Tallahassee–Joined by Florida Senate President Don Gaetz (R-Niceville), House Speaker Will Weatherford (R-Wesley Chapel), and Senator Joe Negron (R-Stuart), Governor Scott today signed Senate Bill 156, Motor Vehicle License Taxes which will reduce certain annual vehicle registration fees for a total of nearly $400 million in tax relief.
“From day one of the 2014 Legislative Session, Governor Scott and the Florida Legislature committed to making a reduction in vehicle fees the centerpiece of meaningful tax relief for Florida’s families,” said President Gaetz. “I am pleased to see Senator Negron’s bill become the centerpiece of the Governor’s $500 million ‘It’s Your Money’ tax cut and honored to witness this recurring reduction in vehicle registration fees become law here today.”
“The impact of this broad-based tax relief will be felt by every Floridian who registers a car, truck or motorcycle for years to come,” said Senator Negron. “For the last two years, my colleagues in the Senate have worked hard to make a meaningful reduction in vehicle fees a reality for families throughout Florida. I am grateful to Governor Scott and to our partners in the House for their support and pleased that we could work together to finalize this legislation early in the session.”
Senate Bill 156 reduces certain annual fees paid to register a motor vehicle to the amount paid prior to 2009. Based on the latest estimates, the bill reduces fees by $395 million. Annual vehicle registration fees were raised during the height of Florida’s economic decline in 2009, a year when state general revenue collections had declined more than 22 percent since their high in 2005-2006.
Tax relief is a joint priority of Senate President Don Gaetz (R-Niceville) and House Speaker Will Weatherford (R-Wesley Chapel) who announced a $500 million tax and fee reduction as a key component of their 5-point Work Plan 2014 joint legislative agenda. To date, the House and Senate have passed and Governor Scott has signed into law three of the five Work Plan Florida 2014 joint agenda items. Legislation to protect Florida’s children from sexual predators and to make Florida the most military-friendly state in the nation by expanding education and employment opportunities for the military, veterans and their families was signed into law earlier this week.
For more information, please visit www.FLSenate.gov.
Associated Press News Release
TALLAHASSEE, Fla. (AP) -- Florida Gov. Rick Scott is signing a bill that will reduce the amount of money Florida motorists will pay to register their cars.
Scott is scheduled on Wednesday to sign into law a $400 million cut in auto registration fees that was his top priority for this year's annual legislative session.
Most motorists in the state will save about $25 a year on registration fees, although the amount will vary based on the size and the weight of the car or truck.
The fees were first raised back in 2009 when state legislators were grappling with a large budget gap caused by the downturn in the state's economy.
The fee cut, however, will not kick into September, meaning several million motorists won't get any savings until next year.