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Thursday's Afternoon Update


Thursday s Afternoon Update
| 3/11/2021
Who’s bailing out Florida’s depleted unemployment fund? You, if you shop online
State leaders have unveiled a plan to shore up the state’s unemployment trust fund by having Floridians pay sales taxes on their online purchases, a unique idea that amounts to roughly $1 billion in annual tax breaks for Florida businesses. The idea, proposed by the leaders of Florida’s House and Senate, would require nearly all out-of-state companies to start collecting online sales taxes in Florida. Florida is one of the few remaining states that doesn’t require online companies, aside from large ones like Amazon, to collect sales taxes. State economists estimate it would add $1 billion in annual revenue to state coffers. More from the Miami Herald. ....

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