Lawmakers reach budget deal with ‘largest tax cut in the history of Florida’

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TALLAHASSEE, Fla. – Florida lawmakers person agreed connected a fund woody framework, but volition person to widen their league to finalize it.

Negotiations appeared to beryllium astatine a standstill connected the last scheduled time of the legislative session.

Senate President Ben Albritton and House Speaker Danny Perez made the announcement precocious Friday night.

The projected woody is little than the governor’s proposal, which was $115.6 billion, but is inactive the largest successful authorities history. It includes $2.8 cardinal successful full taxation relief, with $2.5 cardinal of that arsenic a recurring taxation chopped and $1.6 cardinal arsenic a recurring income taxation cut.

Speaker Perez called the bundle historic, saying, “Members, this volition beryllium the largest taxation chopped successful the past of Florida. In addition, this volition marque america the lone authorities successful the past of the United States to permanently chopped a income tax.”

The league is being extended until June 6, but lawmakers volition instrumentality a interruption this play and adjacent week.

They volition instrumentality May 12 for league committees.

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