Shawn Harrison files corporate tax cut bills
Freshman Rep. Shawn Harrison, R-Tampa, has filed two bills addressing corporate taxes. One would phase out corporate income taxes entirely over the next six years beginning Jan. 1, 2012. Harrison offered no suggestions on how to off-set what he said would cost the state $300 million in revenue in its first year. But he said he, Gov. Rick Scott, and other Republicans pledged to reduce corporate income taxes and it's important to follow through on that. "We need to start the dialogue," he said.
Harrison also filed a bill called "School to Work," which would offer businesses a 5 percent tax break for providing an unpaid internship to a college student, who could earn college credit for the work. Each business could offer two internships each year and earn a tax credit of up to 10 percent. Harrison said the bill fulfills several missions: It gives students experience and makes them more qualified to join the workforce after graduation, and it allows businesses to save on staff recruiting costs by given potential employees a trial run. "This is how we do it in the legal world," said Harrison, an attorney who pointed out that law firms hire clerks that often end up joining the firms they clerked for.