Friday's Afternoon Update
What you need to know about Florida today.
Business-tax cut rewritten over concernsA property-tax cut for small businesses sought by Florida Gov. Rick Scott was rewritten Friday morning by a House committee to appease cities and counties who feared the plan was a Trojan horse designed to get at bigger breaks for large corporations. The centerpiece of the tax package is a proposal to exempt businesses with $50,000 or less worth of computers, office furniture, machinery and other "tangible personal property" from paying taxes on the equipment. [Source: Orlando Sentinel]
Faster foreclosures could be coming to Florida
Faster foreclosures could be coming to Florida.
A landmark $26 billion settlement with large banks over robo-signing and a measure moving through the Florida Legislature could help bring the state's bloated, groggy foreclosure machine roaring back to life. [Source: Times/Herald]
Business hiring in South Florida on the rise
South Florida employers are stepping up hiring. The optimistic outlook is reflected in South Florida's unemployment rate, which fell to 9.6 percent in the most recent count. Statewide, unemployment has fallen for four straight months, dipping to 9.9 percent. Online job postings rose in January by 2,267 jobs, or 17.8 percent, from a year ago in Palm Beach County, and by 1,584, or 10 percent, in Broward County, according to The Conference Board, a global research firm. [Source: South Florida Sun-Sentinel]
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