Florida’s state Supreme Court finally came up with the reasons they rejected the much hyped Amendment 5 up for voter approval this year that could have reduced Florida real estate property taxes up to 40%. In a nutshell, the Supreme Court did not like the wording used in the proposal and did not like the fact that the money being taken away from the school system would only have a 1 year guaranteed replacement. This decision comes as a huge disapointment for the millions of people looking for immediate tax relief in this “non-recession”.
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