$400 million vehicle registration rollback passes in key legislative committees

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Photo Source TaxCollect.com

Committees in the Florida House and Senate passed bills on Thursday that will reduce annual vehicle registration fees by nearly $400 million, earning the gratitude of Gov. Rick Scott.

“This tax cut will give families back $400 million of their own money,” Scott said in a statement. “I look forward to our continuing work with the Legislature on our ‘It’s Your Money Tax Cut Budget’ to cut taxes and fees, pay down debt and cut government waste, so we can create an opportunity economy where all families can pursue their dreams in the Sunshine State.”

The legislation passed unanimously in the Senate Committee on Appropriations and the House Finance & Tax Subcommittee.

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“This year, the Florida House is planning to offer significant tax cuts that will allow families to keep more of their hard-earned dollars,” said state Rep. Ritch Workman, chair of the House Finance & Tax subcommittee. “Reducing the fees associated with registering a car will help make owning a car more affordable for everyone.”

As outlined in the House bill, Floridians will see their registration costs reduced by $25.05 for heavy weight vehicles, $21.55 for middle weight vehicles, and $18.55 for light weight vehicles.

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