Business groups want Fla. to halt tax hike

TALLAHASSEE, Fla. (AP) — Florida business leaders are calling on Gov. Rick Scott and state legislators to block a massive tax hike that will hit businesses next year.

A coalition of business groups, including the Florida Chamber of Commerce and the Florida Retail Federation, say the $817 million increase in unemployment taxes could harm the state’s economy when it takes effect in the spring.

Scott says he wants to make Florida more business friendly, but he did not target the tax hike in his budget recommendations.

Nearly 460,000 businesses across the state are currently getting notices about the higher unemployment taxes.

The minimum tax rate will jump from $72.10 per employee to more than $171.70 per employee. The maximum rate is also expected to rise from $378 to $459 per employee.

Copyright 2011 The Associated Press.

Comments

One Comment

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Tampa

Report: Black Bears 'Robust and Growing' in FloridaWildlife officials say an analysis confirms Florida's black bear population is "robust and growing."
Contest: ‘Frequency’ & ‘No Tomorrow’ Advanced ScreeningCW44 will choose 44 viewers to watch am advanved screening of both 'Frequency' and 'No Tomorrow' on Thursday, September 29!

Listen Live