October 18, 2017

Thursday's Afternoon Update

What you need to know about Florida today.

Will Short Gorham | 2/16/2012

Bill to tax online purchases could mean more tax cuts for Florida businesses

Florida lawmakers voted to move forward a proposal that would force online-only companies—and people who buy goods on the Internet—to pay the state’s 6-percent sales tax. Once shunned by conservative legislators averse to new taxes, the bill has been packaged in a new “revenue neutral” form, meaning whatever money brought in by new taxes would be offset by tax cuts. Until now, it was widely believed that the money would go back to consumers in a new tax holiday. However, a new amendment to the bill’s language allows for Tallahassee lawmakers to decide who gets the break. [Source: Tampa Bay Times]

Business Profile


In 1995, best friends Andy Sherrard and Danny Stevens — single guys who'd never had children, never worked with them, never even studied kids in college — conceived a childcare "super center" for families, offering multiple recreational and educational classes at an all-inclusive membership rate.

» O2B Kids

Scientists hope transplants will revive coral reef

Marine scientists on Friday plan to begin transplanting about 100 basketball-size corals from an onshore nursery to a damaged reef off the shores of Fort Lauderdale. The transplant, among the first of its kind, will be closely watched to determine whether corals that grow quickly in tanks on land can be used to restore severely depleted reefs that line the coast from the Florida Keys through Palm Beach County. [Source: South Florida Sun-Sentinel]

Authenticity restored at Edison lab

This is not the kind of tidy museum with a nice historical artifact over here and colorful educational signs over there. After a $900,000 restoration, the Edison Botanic Research Laboratory is packed, almost to the point of being cluttered, with test tubes, beakers, rubber tubes, flasks, cork stoppers, pipettes, graduated cylinders and various scientific apparatuses, including a Soxhlet extractor — Thomas Edison could roll up his sleeves and get to work in the place. [Source: Fort Myers News-Press]

Retirement plans? Don't forget about state, local taxes.

Warm weather makes Florida a popular retirement destination — but a lack of taxes on retirement benefits and estates makes it a smart destination too. “As more and more baby boomers are reaching retirement age, they’ll have many factors to consider in choosing where to live in retirement,” said CCH, an international accounting company, in a report last week. “Taxes are one of the things they should consider when determining the costs of different areas they are looking at.” [Source: Christian Science Monitor]

Renewable advocates split on Florida energy bills

Advocates of conservation and renewable sources such as solar and biomass are split over what sponsors are calling "modest" energy legislation in the belief that even a small start would cause those efforts to snowball. [Source: AP]

Out of the Box
metropole Coming to a theater near you: Luxury
Imagine a movie theater where patrons can relax in their own leather reclining chairs, complete with blanket and pillow. Press the service call button and a waitress will deliver martinis, gourmet flatbread pizza, filet mignon sliders or anything else you order from the full-service menu. Welcome to the newest luxury moviegoing experience heading to South Florida. Read more from the Miami Herald and the South Florida Sun-Sentinel and see the iPic official site.

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An overview of the features and articles in this month's issue of Florida Trend.


Florida Business News

Florida Trend Video Pick

Paddleboarding with a chicken, yeah it's a Florida thing
Paddleboarding with a chicken, yeah it's a Florida thing

Anyone who has ever visited the southernmost Florida Key knows that chickens can be found just about anywhere, including riding on a paddleboard.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Which side of the NAFTA debate do you fall on?

  • Scrap NAFTA entirely
  • Needs to be modified to protect more American jobs
  • Leave as is - Florida and US depends on open trade
  • Other (comments welcome)

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