Gov. Rick Scott released another component of his election-year proposal to cut taxes and fees by $500 million, this time by seeking to slash $33 million in corporate filing fees and penalties. Scott’s office issued a press release announcing the latest of his tax and fee cut proposals late Friday, but details of the proposal weren’t immediately available. The plan would reduce “approximately 50 different corporate filing fees and reduces the penalties associated with late filings taking into account the number of months the filing is late,” according to the release. The tax break appears to be another dig against Scott’s presumed Democratic opponent, Charlie Crist.
In 2010, then-Republican governor Crist and the GOP-controlled Legislature repealed a law that allowed corporations to get a waiver from the Division of Corporations for $400 late fees. The elimination of the late fee waiver, a recommendation of business-backed Florida TaxWatch, was one of a variety of methods Crist and lawmakers employed to plug a budget hole during the state’s economic downturn. Scott also wants to roll back vehicle registration fees hiked by Crist and the Legislature in 2009. Lawmakers will consider Scott’s proposed tax and fee cuts during the upcoming legislative session.
-Source: The News Source of Florida