TALLAHASSEE, Fla. (AP) — A unanimous Senate panel has cleared a proposal to roll back the fees for automobile registrations — a move that could save Florida drivers $225 million a year.
The Senate Appropriations committee approved the bill (SB 7132) on Thursday. It would reduce the annual cost to register a vehicle by $12.
The state would make up the lost money by getting rid of a tax break to insurance companies. It lets them avoid tax on up to 15 percent of their Florida employees' salaries.
The insurance industry and the business lobby oppose the bill, but many senators said it was time to put money back in the pockets of average Floridians.