Florida truckers and other drivers will soon save a few bucks when paying vehicle license fees.
Spurred by Gov. Rick Scott’s “It’s Your Money” tax relief plan, a new law in effect next week will save most vehicle owners about $25 on registrations.
The new law will eventually trim about $400 million from the fees and surcharges applied to license plate purchases, replacement or transfers and vehicle registration. The reductions will apply to vehicle registrations renewed on or after Monday, Sept. 1.
“This fee cut will result in an annual savings of $25 per typical motor vehicle,” Scott said in a news release. “Families deserve to keep more of their hard-earned money, and we will now be able to save Floridians $400 million, because it’s their money.”
The fee increases were implemented in 2009 by then-Gov. Charlie Crist. He enacted the increases to help close a state budget shortfall.
As the state government anticipates more than $800 million in surplus revenues in the next year, Scott has advocated for $500 million in tax and fee cuts in the months leading up to his re-election bid.
Crist, a Republican turned Democrat, is his opponent in November.
Among the discounted rates for truckers and motorists is a reduced fee for issuance of original, duplicate or transfer license plates, or transfer or duplicate registration certificates from $5 to $2.50. The service charge that is applied when using an automated vending facility or printer dispenser machine to issue a license plate sticker will be trimmed from $3 to $1. Also, motor vehicle registrations or registration-renewal license plates and validation stickers for retroflection material will be reduced from $1.50 to 50 cents.
The surcharge on the license tax will be reduced from $4 to $2. The juvenile programs surcharge on the license tax will also be reduced from $5.50 to $1.
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