Jeff Vasilinda becomes the Vasilinda Family’s first published author!
March 11th, 2021 by Mike Vasilinda
Florida is just one of two states that does not require out of state retailers to collect the sales tax on items sent to the state, but a compromise will end the isolation.
The measure is expected to bring in as much as $1.3 billion in its first year and the new cash will be used to offset higher unemployment taxes on businesses.
Florida’s unemployment trust fund was a healthy $4 billion at the beginning of last year.
Last week it sat at $652 million.
“Florida businesses are facing an extremely large automatic increase in unemployment taxes,” said Rep. Chuck Clemons.