Plan To Pass Senate
The Senate passed 4D overwhelmingly, 39-0. This is the implementing bill that describes in detail the specifics on the joint resolution.
Their tax plan pits two very important issues to Democrats against each other: school funding versus jump-starting the economy.
Most of the relief comes from portability of the tax plan, which impacts schools. The impact is a $1.85 billion hit to schools, compared to $1.4 billion over the same period under the plan the Senate passed nearly two weeks ago. But portability remains an important piece of tax relief to Democrats, because they continue to get complaints from constituents who feel trapped in their homes.
Then some like Sen. Jeremy Ring and a number of Republicans don't like the 10 percent cap on the increase of value of non-homesteaded properties, because they think it doesn't go far enough. They want a lower cap. There's also no relief for low income seniors, which had been very important issue to the Republicans in Miami-Dade. Also, the plan doesn't meet Sen. J.D. Alexander's concerns that something be done to help small counties who are going to struggle under doubling the homestead.
Sen. Dan Webster explained to Senate Democrats this morning that he thinks the hit to schools will be less than what's projected, assuming that most people buy up. With portability, even though residents would carry the same amount of savings against property taxes with them, they'd be paying more property taxes overall -- including more to school districts -- because they're buying a bigger home. Democrats and teachers unions asked if the Senate could project that sort of buyer behavior to better predict the impact to schools.
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