FLORIDA — Gov. Ron DeSantis signed House Bill 7073 Tuesday, providing $1.07 billion in tax relief for Floridians.

According to the governor’s office, that number does not include the $450 million in toll relief DeSantis signed last month — which brings the total of tax savings to $1.5 billion for Fiscal Year 2024-25.

This year’s tax cut package, officials said, is a continuation of Florida’s annual tax holidays, which include:

  • Two Disaster Preparedness Holidays;

    • June 1 — 14 and Aug. 24 — Sept. 6, families can prepare for hurricane season with items like tarps, batteries, and flashlights, sales tax free.

  • The Back-to-School Sales Tax Holiday;

    • July 29 — Aug. 11, families can save on pens, pencils, computers, clothing, and other school supplies.

  • The Tool Time Sales Tax Holiday;

    • Sept. 1 — 7, Floridians can save on power tools, hand tools, toolboxes, and other items.

  • The Freedom Month Sales Tax Holiday;

    • July 1 — 31, Florida families can purchase summer items like pool floats, fishing supplies, and outdoor equipment, in addition to admissions to museums and state parks, sales tax free.

Other tax package savings include:

  • A one-year exemption for homeowners on taxes on residential property and flood insurance premiums.

  • A sales tax credit for businesses that employ persons with disabilities.

  • Increases the cap for the Strong Families Tax Credit Program from $20 million to $40 million (which supports organizations focused on child welfare).

For more info on the sales tax holidays, visit here.