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Optimistic Projections for 2024 U.S. Economy

Optimistic Projections for the 2024 U.S. Economy are based on multiple factors. The U.S. economy appears to be on a much stronger trajectory for 2024 than previously anticipated by business economists, with the National Association for Business Economics (NABE) projecting a growth rate of 2.2% after inflation adjustments, up from earlier predictions of 1.3%. Despite…
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Business Rent Tax Elimination is Good for Florida

A study about Business Rent Tax Elimination conducted by the Regional Economic Consulting Group indicates that abolishing Florida's Business Rent Tax (BRT), commonly known as the sales tax on commercial leases, could lead to significant economic benefits for the state. Commissioned by Florida RealtorsĀ®, the study suggests that an investment of $976.8 million to eliminate…
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Commercial Lease Tax Cuts to Arrive Early in June 2024

Florida may see an earlier reduction in the state tax on commercial leases, expected in June instead of August 2024. These Commercial Lease Tax Cuts, hastened by the quicker-than-anticipated replenishment of the state's Unemployment Compensation Trust Fund to $4 billion, will lower the lease tax from 4.5% to 2.0%. This reduction, part of a 2021…
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