Business groups want Fla. to halt tax hike
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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.
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