Florida: A Flip-Flop On Taxes

A Flip-Flop On Taxes

Desperate for a way to finance Florida's rapid growth, but prohibited by law from imposing an income tax, Republican Governor Bob Martinez took office this year hoping to find a creative way to raise revenues. He persuaded the Democratic legislature to impose a 5% sales tax on services ranging from advertising to lawn care to legal advice. But many national corporations, including broadcasters, publishers and advertisers, protested having to pay a levy on the services they provide in Florida. Voters also turned against the new tax -- and the Governor.

Last week a special session of the legislature replaced the service...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!