By William Patrick - From Watchdog.org
Big business loves tax cuts and environmentalists love solar power. A solar tax cut would seem a perfect fit.
And so it is.
The nexus between business and environmental groups proved a powerful force ahead of Tuesday’s statewide primary elections.
By a margin of 3 to 1, the solar tax cut known as Amendment 4 is on its way to being enshrined in the state constitution.
According to the Florida Division of Elections, the amendment passed with 73 percent approval, or 1,970,462 votes. Only 60 percent approval was needed.
The amendment exempts solar and renewable energy equipment from business and industrial property taxes for the next 20 years. Home owners already receive the property tax exemption. A tangible personal property tax cut also applies.
No comments on this item Please log in to comment by clicking here