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"The Florida Convention," New York Times, June 18, 1885, 1. "Florida's Constitution," New York Times, August 18, 1885, 11. Full Text of 1885 Constitution Archived 2013-01-28 at the Wayback Machine; Journal of the proceedings of the Constitutional Convention of the state of Florida: which convened at the Capitol, at Tallahassee, on Tuesday, June ...
The government of Florida is established and operated according to the Constitution of Florida and is composed of three branches of government: the executive branch consisting of the governor of Florida and the other elected and appointed constitutional officers; the legislative branch, the Florida Legislature, consisting of the Senate and House; and the judicial branch consisting of the ...
Founded in 1979 as the Citizens Council for Budget Research, Florida TaxWatch conducts research aimed at improving government efficiency and accountability. Florida TaxWatch is a 501(c)(3) tax-exempt non-profit educational and research organization. [1] Since 1982, the organization has been led by President and CEO Dominic M. Calabro. [2]
The state badly needed new revenue streams, but business opposed a sales tax and a 1924 amendment to the state constitution prohibited a state income tax. Property taxes were the primary revenue of cities and counties, and the gas tax funded most of the state's activities. As a result, little was accomplished. [7]
Congress enacted an income tax in October 1913 as part of the Revenue Act of 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000. By 1918, the top rate of the income tax was increased to 77% (on income over $1,000,000, equivalent of $16,717,815 in 2018 dollars [24]). The average rate for the ...
The state had imposed a tax on "intangible personal property" (stocks, bonds, mutual funds, money market funds, etc.), but this tax was abolished after 2006. The state sales tax rate is 6%. [10] Local governments may levy an additional local option sales tax of up to 1.5%. A locale's use tax rate is the same as its sales tax rate, including ...
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The collapse of Florida land values caused a severe financial crisis for the state government. Land values had dropped nearly to the vanishing point, but the property was subject to property tax assessments far in excess of its current value. Many property owners simply abandoned the property and did not pay the taxes.