Floridians have a lot to look forward to with the upcoming state budget proposal by Governor Ron DeSantis. Dubbed the “Framework for Freedom,” this budget is a record-setting $114.8 billion, which includes $2 billion in tax relief for the state’s residents. The announcement was made by DeSantis, who outlined several ways the budget could potentially help Floridian families save thousands of dollars.
One of the initiatives within the budget is a permanent sales tax exclusion on all baby necessities, including cribs, strollers, baby food, diapers, wipes, and clothes. This could bring much-needed relief to new parents, who often face mounting costs when starting a family.
READ ALSO: Do Undocumented Immigrants Have an Obligation to File Taxes?
Pet owners are not left out either, as DeSantis is proposing a permanent tax-free initiative on all over-the-counter pet medications. This move shows that the governor recognizes the important role pets play in families and the lengths people will go to provide for their furry friends.
The budget also proposes a permanent tax-free status for gas stoves, which is particularly relevant given the recent discussions about a potential ban on these appliances. The Consumer Product Safety Commission (CPSC) has since clarified that the ban only applies to new products, but the $840 rebate under the Inflation Reduction Act provides an incentive for people to switch from gas to electric stoves.
With the state of Florida facing numerous challenges in recent times, including the COVID-19 pandemic, rising inflation, and supply chain issues, the “Framework for Freedom” budget is a welcome development. Governor DeSantis has declared that Florida is stronger than ever, and the $2 billion in tax relief is a testament to this strength and resilience.
READ ALSO: Huge Changes in 2023: How Much Child Tax Credit Can Parents Expect This Year’s Tax Season