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Florida Investors Closer to a Tax Break

Klotz on Bonds

Home > News and Perspectives > Florida Investors Closer to a Tax Break

<h3>James A. Klotz</h3>

James A. Klotz

Florida investors are one step closer to getting a tax break, courtesy of the state Legislature.

Florida’s House of Representatives approved a bill April 5 that would eliminate the state’s intangibles tax.

The bill is expected to be quickly passed by the Senate and approved by Gov. Jeb Bush, who is a staunch supporter of the repeal.

The bill’s passage will repeal the one-mill tax on out-of-state municipal bond holdings as of Jan. 1, 2006. People who owe the tax in calendar year 2005 and previous years will still be responsible for those payments.

James A. Klotz is the President of FMSbonds, Inc.
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Apr 7, 2005

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