Job Creation Paid Off: Florida Businesses Saved $3.5 Billion on Reemployment Taxes

By December 7, 2016Uncategorized

Gov. Rick Scott announced Wednesday that Florida businesses will continue to pay the lowest possible rate for reemployment taxes next year because of Florida’s growing economy and strong private-sector job growth rate.

The minimum tax rate will remain at $7 per employee in 2017. The $7 per employee minimum tax rate for 2017 is down from a high of $120.80 per employee in 2012. In just five years, Florida businesses have had their reemployment tax reduced by more than 94 percent, resulting in a savings of more than $3.5 billion.

Said the governor in a prepared statement, “I’m proud to announce that Florida businesses will continue to pay the lowest possible rate for reemployment taxes next year, because our economy has continued to grow and more private sector jobs have been created. Our efforts to make Florida the most business-friendly state in the nation has helped keep the cost of doing business low and created more than 1.2 million jobs in the last six years. We will continue to work each day to make Florida more competitive so our state can become the No. 1 place for job creators and families to succeed.”

Read more at Sunshine State News….

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