Fla. Senate Panel Votes To Cut $230M Insurers Tax Credit

Law360, Miami (April 18, 2013, 8:22 PM EDT) -- The Florida Senate Appropriations Committee approved a bill Thursday that would eliminate a tax rebate for insurers worth $230 million annually in order to offset the bill's reduction in state vehicle registration fees, despite industry representatives' claims that the rebate is an important incentive and job creator.

The main thrust of S.B. 1832 is to save Floridians an estimated $220 million a year by rolling back the bulk of 2009 fee hikes on license plate and driver's license services, but almost all of the attention Thursday...
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