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Commissioner Putnam Calls for Tax Cuts

October 25, 2013 1:47 PM | Anonymous

Last week, Agriculture Commissioner Adam Putnam opened the Florida Energy Summit by outlining a series of legislative proposals to reduce the energy tax burden on Florida businesses and consumers and support innovation in energy research and development.
He is recommending:
- Cutting the commercial business energy sales tax in half for 2014 – saving businesses $250 million a year (manufacturing facilities already enjoy an electricity sales tax exemption, but it may not extend to their entire facility). The remainder of the tax paid would be redirected to public capital outlay for schools.

- A proposal for a forecast of natural gas supplies and future prices, infrastructure and opportunities for storage and use in transportation.

To read his presentation and vision for Florida’s energy policy, visit http://www.floridaenergysummit.com/index.html

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