Business

Business
6:39 pm
Mon March 5, 2012

"Surplus Lines" insurance bill sparks heated debate

As the final scheduled week of the 2012 Florida Legislative Session got underway, the state senate was working through a long list of bills.  Tom Flanigan reports the issue of allowing unregulated out-of-state insurers to take over Citizens Insurance customers sparked spirited debate.

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Business
6:35 pm
Mon February 27, 2012

To tax or not to Tax? Political insiders debate internet sales

Florida House and Senate conferees have begun trying to work out the differences between the two chambers’ versions of the new state budget.  Nearly all the budget-balancing emphasis has been on spending cuts, but one way to boost state revenue is still alive in the senate.  Tom Flanigan reports a Capital City meeting was the site of a pro-and-con debate on that idea.

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Business
6:32 pm
Thu February 23, 2012

Local governments support elimination of tangible perosnal property tax

When it comes to property taxes, Florida’s local governments usually find themselves on the opposite side of the issue from the state’s business community.  But Tom Flanigan reports there was a rare show of agreement Thursday  during the Senate Finance and Tax Committee meeting.

Senator Nancy Detert brought what’s called a “Senate Joint Resolution” before the committee.

“This is a proposed amendment to the constitution that, if adopted, would provide additional property tax exemption for tangible personal property.”

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Business
6:27 pm
Wed February 22, 2012

Wage theft bill heads to House floor

A bill that would prevent local governments from creating their own rules to crack down on wage theft passed in a House panel Wednesday. But, as Sascha Cordner reports, the move came with heavy opposition from members of the public who say it would mean the end of a wage-theft protection program in Miami.

Wage theft can be anything from an employer paying an employee below the state or federal minimum wage to an employee not receiving a final paycheck at the end of their employment.

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Business
5:12 pm
Fri February 17, 2012

House panel cleares constitutional proposal on corporate taxes

The House Economic Affairs Committee Friday rewrote a property-tax cut pushed by Governor Rick Scott.  James Call reports the rewrite was a success and the proposal to create a new exemption for tangible property passed on a unanimous vote.

The proposed constitutional amendment stalled a couple weeks ago over concerns about the cost to local governments.  The sponsor, Orlando Representative Eric Eisenaugle hammered out a compromise that had lobbyists practically tripping over each other to voice their support. The League of Cities urged a yes vote:

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