Impact Report 6: House Tax Package Released

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Impact Report 6: House Tax Package Released


Week five of the 2020 legislative session is in the books, and the House has released its new tax package proposal. FICPA Director of Governmental Affairs Justin Thames has an update on what the package includes, how it might change as the Senate considers its own legislation, and some key differences between the House and Senate budgets.

Also in this week’s IMPACT Report:

  • Bill Tracking Updates
  • Florida House Tax Package includes $100 million in cuts
  • Journal of Accountancy Podcast: What’s next for potential CPA licensure changes


Justin Thames
Director of Governmental Affairs

Bill Tracking

SB474 – Deregulation of Professions and Occupations

Status: Now in Appropriations


SB126 – Sales and Use tax

Status: On Committee agenda– Finance and Tax, 02/13/20, 12:30 pm, 401 Senate Building


SB616 – Background Screening

Status: Introduced – SJ 47


HB6021 – Corporate Income taxes

Status: Introduced – HJ 258


SB740 – Real Estate

Status: Introduced- SJ 56


SB450 – Whistleblower’s Act

Status: Introduced -SJ 34


HB707 – Legislative Review of Occupational Regulations

Status: Original reference(s)- removed: Appropriations Committee. Referred to- Calendar


HB1141 – Taxation of Real Property

Status: Introduced -HJ 100


SB1140 – Public Accountancy

Status: Favorable by Commerce and Tourism; YEAS 5 NAYS 0. Now in Rules


SB1526 – Food Donation Programs

Status: Introduced -SJ 112


SB1238 – Regulatory Reform

Status: Introduced -SJ 90


HB963 – Consumer Data Privacy

Status: Introduced -HJ 83

Other Weekly News and Highlights:

Florida House Tax Package includes $100 million in cuts

On Tuesday, the House Ways and Means Committee released its annual tax cut proposal. The proposal includes a reduction of the Business Rent Tax from 5.5 percent to 5.4 percent and a reduction of the Communication Services Tax from 4.93 percent to 4.42 percent. Read a summary of the tax package prepared by government watchdog Florida TaxWatch here.

Download the full tax package proposal here.


Journal of Accountancy Podcast: What’s next for potential CPA licensure changes

A new model proposed by the National Association of State Boards of Accountancy (NASBA) and the AICPA is designed with an eye on the future for newly licensed CPAs. Carl Mayes, CPA, AICPA associate director–CPA Quality & Evolution, provides background on the project and a look ahead to 2020.


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