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The impending discontinuation of federal COVID-19 relief dollars further complicates the matter. As lawmakers consider this proposal, there is increasing pressure to ensure that any tax relief does not exacerbate long-term budgetary issues, especially as economies fluctuate and revenue sources can become volatile.
Legislative Attitudes and Next Steps
Currently, the state Senate has not yet approved the proposal; however, there appears to be a consensus across both legislative chambers that tax relief should remain a prioritized agenda. Governor Ron DeSantis has also been vocal about advocating for tax cuts, proposing multiple tax relief measures, including property tax adjustments and seasonal tax holidays.