Florida Senate unanimously passes tax overhaul plan

The Florida Senate unanimously passed its bipartisan property tax overhaul package without debate Thursday, setting up negotiations with a House split mainly along party lines on a key part of its very different plan. That element is a proposed state constitutional amendment (HJR 7089) that would trade property tax relief on primary homes, known as homesteads, for sales tax increases. The Senate plan has no such tax swap. Senators say their legislation would spread tax relief more broadly. The House plan would give the greatest relief to homeowners, who already benefit from a $25,000 homestead exemption and the Save Our Homes Amendment that limits their annual tax increases to 3 percent.

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