Gov. Scott Approves $400-Million Tax Cut Package
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MIAMI (CBSMiami/AP) - A $400 million plus tax cut bill has been approved by Governor Rick Scott.
Scott on Tuesday signed into law a tax cut bill that the Florida Legislature approved a day earlier.
The tax cuts total roughly $429 million and include a small cut in the monthly bills paid by cellphone and cable television customers. Customers are expected to save about $20 a year.
The tax cut package also includes a 10-day back-to-school sales tax holiday. Shoppers in August will be able to purchase clothes and school supplies without paying sales taxes. Taxes will also be waived on the first $750 of the cost of a computer.
Legislators also agreed to remove sales taxes on the cost of college textbooks for the next year.
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