Monday, April 16, 2007

State income tax unthinkable in Florida


Link

Florida's income tax aversion dates to 1924, when voters banned it through an amendment to the state constitution.

The state remains a tax haven more than 70 years later, one of only seven states without a personal income tax. The others are Alaska, Nevada, South Dakota, Texas, Washington and Wyoming.

Chambers of commerce and real estate agencies still pitch Florida's income tax ban, along with its beaches and sunshine, to lure retirees, the wealthy and their money to the state.

The chances of lifting it appear as remote as ever, even though the state's constitutional Taxation and Budget Reform Commission, which is meeting this year and next, has the power to review Florida's entire tax structure and place amendments on the ballot.