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Taxing Used Cars

March 25th, 2009 by flanews

Governor Charlie Crist is warming up to eliminating a sales tax exemption.

State lawmakers have been reviewing 50 of the state�s sales tax exemptions in an effort to avoid deep budget cuts. Crist, who has opposed new taxes since he took office in 2007, says there is a current exemption he would consider. Right now car trade-ins aren�t taxed. Crist said eliminating that exemption could bring the state millions of dollars.

�There are a lot of exemptions out there and I would encourage the legislature to continue to review those exemptions and one of them that Jerry mentioned to me yesterday that may hold some promise is when people trade in a car apparently there’s an exemption for that. and I don’t know if that’s justified and it could mean a half a million dollars,� said Crist.

Crist says the money could be used to keep education spending cuts off the table.

Posted in Charlie Crist, State Budget, State News, Taxes | No Comments »

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