Election Day Decisions 2012
With less than a week until Election Day, it is important to know the items that will appear on the ballot on November 6. Most importantly, how these measures could potentially affect Floridians. There will be eleven items on the ballot, five which would offer tax breaks into the state constitution. You might be thinking, “Who doesn’t love a tax break?” Not so fast. Before you line up at the polls, make sure to take a closer look at these amendments and they could potentially affect you.
Here’s a quick recap of the tax amendments you will see on the ballot this season:
AMENDMENT 2- Allows for property tax discounts for disabled veterans.
AMENDMENT 4- Amends commercial and non-homestead property taxes. This amendment would save money for first-time home buyers, rental property owners and snowbirds. It could also cut taxes for homestead owners who lose value on their homes.
AMENDMENT 9- Authorizes the legislature to totally or partially exempt surviving spouses of military veterans or first responders who died in the line of duty from paying property taxes.
AMENDMENT 10- Would expand tangible personal property tax exemption for businesses from $25,000 to up to $50,000 for items such as computers and appliances.
AMENDMENT 11- Authorizes counties and municipalities to offer additional tax exemptions on homes of low-income seniors.