A third tax-free week is on Florida’s calendar. The Florida Senate announced passage of HB 7061, a bill to provide tax relief to Florida families and businesses.
“The goal of the bill is to help people return to normal activities after a tough 2020,” says Dustyn Shroff, Vice President of GreatFlorida Insurance, Florida’s top independent boat insurance agency.
Included in that bill is the “2021 Freedom Week” sales tax holiday, which would take place July 1-7. The tax holiday would make the following items tax-free if bought for events happening from July 1 to Dec. 31, 2021:
- Concert tickets
- Sports tickets
- Cultural event tickets
- “Specified performances” tickets
- Movie tickets
- Museum admission
- State park annual passes
- Gym fees
- Season tickets
The Freedom Week Sales Tax Holiday also applies to sales of boating and water activity supplies, camping supplies, fishing supplies, general outdoor supplies, and sports equipment. Florida’s Ways & Means Committee intends for the “recreation” tax holiday to be, “used to enjoy the entertainment options and natural beauty Florida has to offer.”
You can read the details on savings below.
Boating and Water Supplies: The tax holiday applies to the first $75 of the sales price of life jackets and coolers; the first $50 of the sales price of safety flares; the first $150 of the sales price of water skis, wakeboards, kneeboards, and recreational inflatable water tubes or floats capable of being towed; the first $300 of the sales price of paddleboards and surfboards; the first $500 of the sales price of canoes and kayaks; the first $75 of the sales price of paddles and oars; and the first $25 of the sales price of snorkels, goggles, and swimming masks.
Camping Supplies: The tax holiday applies to the first $200 of the sales price of tents; the first $50 of the sales price of sleeping bags, portable hammocks, camping stoves, and collapsible camping chairs; and the first $30 of the sales price of camping lanterns and flashlights.
Fishing Supplies: The tax holiday applies to the first $75 of the sales price of rods and reels, if sold individually, or the first $150 of the sales price if sold as a set; the first $30 of the sales price of tackle boxes or bags; and the first $5 of the sale price of bait or fishing tackle, if sold individually, or the first $10 of the sales price if multiple items are sold together.
General Outdoor Supplies: The tax holiday applies to the first $15 of the sales price of sunscreen or insect repellent; the first $100 of the sales price of sunglasses; the first $200 of the sales price of binoculars; the first $30 of the sales price of water bottles; the first $50 of the sales price of hydration packs; the first $250 of the sales price of outdoor gas or charcoal grills; the first $50 of the sales price of bicycle helmets; and the first $250 of the sales price of bicycles.
Sports Equipment: The tax holiday applies any item used in individual or team sports, not including clothing or footwear, selling for $40 or less.
“The first week in July is the time to finally purchase that recreation equipment you have been eyeing,” says Dustyn Shroff, Vice President of GreatFlorida Insurance, Florida’s largest independent boat insurance agency.
Contact GreatFlorida Insurance for all your boat insurance needs, we have your vessel covered.
