Tax & Accounting Blog

New Florida Law Allows Counties to Impose Sales Tax to Fund Public Pensions

New Florida Law Allows Counties to Impose Sales Tax to Fund Public Pensions

On March 25, 2016, Florida Governor Rick Scott approved HB 1297, a bill allowing counties to impose a discretionary sales surtax to fund underfunded public pension plans. The bill was the result of intense lobbying by the City of Jacksonville, which is consolidated with Duval County. According to the Florida Times-Union, Jacksonville pushed for approval … Read More