Links to Agenda and Video. The resolution passed unanimously. 5 of the 10 national peers included in the presentation are from states that do not have State Income Tax. Marcus Kinrade said that Florida has no state income tax because of tourism. Property and sales taxes are the major reasons Florida does not have a state income tax. Kudos to Shinica for asking the question about data using states with no state income tax. Assessment calculations are taxing unrealized capital gains. Gains are not income. Everyone should look at data on how property tax has increased in the last 8 years.
Links to Agenda and Video. The resolution passed unanimously. 5 of the 10 national peers included in the presentation are from states that do not have State Income Tax. Marcus Kinrade said that Florida has no state income tax because of tourism. Property and sales taxes are the major reasons Florida does not have a state income tax. Kudos to Shinica for asking the question about data using states with no state income tax. Assessment calculations are taxing unrealized capital gains. Gains are not income. Everyone should look at data on how property tax has increased in the last 8 years.
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