Florida Amendment 10: Personal Property Tax Exemption

Amendment 10: Tangible Personal Property Tax Exemption

This amendment would raise the tangible personal property tax exemption for businesses related to furniture and equipment from $25,000 to $50,000.

Opponents, including the League of Women Voters of Florida, say the amendment would take away funding for local governments and would cost an estimated $61 million over the first three years of implementation.

Supporters say the measure would provide tax relief to small businesses while helping stimulate the economy.

For complete wording of the amendment, visit the Florida Division of Elections online.