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.

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