‘Small Businesss Saturday’ Gets Boost In Senate

November 13, 2017

Small businesses would be able to sell items costing less than $1,000 without charging sales taxes on the Saturday after Thanksgiving in 2018, under a measure approved  by a Senate committee.

The Commerce and Tourism Committee voted unanimously in favor of the measure (SB 76), which would create a tax holiday dubbed “Small Business Saturday.”

It would come a day after “Black Friday” sales that traditionally mark the start of the holiday shopping season. A Senate staff analysis estimates the Small Business Saturday proposal would save shoppers $41.2 million.

The bill, sponsored by Sen. Rene Garcia, R-Hialeah, is akin to the state’s familiar back-to-school sales tax “holiday.” He backed similar measures in 2015 and 2016 that drew committee support but failed to get into final tax-cut packages. Rep. Kamia Brown, D-Ocoee, has filed identical legislation (HB 519) in the House.

by The News Service of Florida

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Written by William Reynolds · Filed Under News