Proposals for a Sales Tax Holiday and Film Credits in Florida are More Hype Than Helpful
February 17, 2010
Two tax proposals are under consideration in Florida: a vastly expanded tax credit for film productions, and an annual “back-to-school” sales tax holiday. Both types of policies have experienced growing popularity in state legislatures in recent years because they supposedly provide a boost to the economy and provide jobs, but the truth is much less impressive. Our Fiscal Fact No. 210, “Florida’s Sales Tax Holiday and Film Tax Credit Proposals Will Not Deliver on Exaggerated Promises,” lays out the case against these proposals that turn out to be more hype than helpful, and may even be damaging to the state’s economy.
If lawmakers in the Sunshine state want to cut taxes they should pass broad-based tax cuts that do not favor the politically connected or discriminate between taxpayers based on what they buy or when they buy it.
For even more information on sales tax holidays check out this section of our site dedicated to the topic, and Tax Foundation Special Report No. 171: Sales Tax Holidays: Politically Expedient but Poor Tax Policy.
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