Florida House panel votes to phase in vehicle fee cut

TALLAHASSEE — A Florida House panel has voted to phase in a reduction in automobile fees that the Senate wants to roll back all at once.

The House Appropriations Committee's version of the bill (SB 1832) calls for a five-year phase in that eventually would save an individual driver $12 a year on annual registration.

The phased-in approach approved Friday would begin in July 2014 and would cost the state about $44 million in revenue the first year.

Once fully implemented, the fee reduction would cost the state about $224 million in lost revenue.

The House panel also amended the bill to retain a decades-old tax break to insurance companies. The Senate's version would eliminate the tax break to make up the lost money for the lower vehicle registration fees.

  • Discuss
  • Print

Related Stories

Comments » 0

Be the first to post a comment!

Share your thoughts

Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.

Comments can be shared on Facebook and Yahoo!. Add both options by connecting your profiles.

Features