Most Shared

BREAKING NEWS

BREAKING NEWS

  • Speed Limit

    04/24/14 16:48:14

    Normal 0 false false false EN-US X-NONE X-NONE ...

WEAR - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Governor proposes extra week of tax free holiday

FLORIDA  --  In most recent years, Floridians get a *three day back to school Tax Free Holiday.
   
Now Governor Rick Scott is pushing for an extra *week of savings..
There is support for the change but some are concerned there are ulterior motives.

During Florida's back to school tax-free holiday retailers see a 30 to 40 percent increase in shoppers over three days. 

"They spend a lot of money marketing just because they know that people are going to be out shopping."

Governor Rick Scott is pushing to add seven more days to the Tax-Free holiday. Retailers say if the holiday is extended, jobs will be created

"Retailers, when they get ready for this, they staff up. They could add as much as 20 to 30 percent staff just for that weekend."

Economists and retailers support the governor's push for the extended tax-free holiday. Although one professor at Florida State University says it may be politically motivated."

"It's interesting that he proposed a 10 day sales tax holiday this year when it has been shorter in the past."
Whether, it's politically motivated or not, several shoppers we spoke to love the idea.

Dan: "I think that's fabulous, as a mother who has children in school, we need to take advantage of  opportunities like that every opportunity that they give us."

"I think that would be a good idea. It's rough on people trying to put a lot of people in school."
Political or not, Randall Holcombe says the extended tax-free holiday will benefit most.

"It would be nice to see a permanent tax cut, but I think you will see a bit of a pickup in business, and of course consumes benefit."

The Florida Retail Federation says brick and mortar stores are better able to compete with online stores when not collecting a sales tax.

"Those who are selling in tend to avoid Florida sales and use tax, whereas brick and mortar have to collect."

In a 2010 economic impact study - Florida retailers increase sales by 293-million dollars in the three day time span. The figure includes a 115-million increase in taxable sales.