FL S7034

Creates multiple sales tax holidays: disaster preparedness supplies (May 15-31, 2025), "Freedom Months" for admissions, outdoor/recreation supplies (June 1-July 31, 2025), back-to-school supplies and computers (August 1-10, 2025), skilled trade tools (August 29-September 7, 2025), and firearms/ammunition/bows (September 8-December 31, 2025)

Establishes a permanent sales tax exemption on clothing priced at $75 or less per item and removes the $500 minimum threshold for the gold/silver/platinum bullion sales tax exemption

Creates the "Home Away From Home Tax Credit" with a $5 million annual cap, allowing 100% tax credits for contributions to eligible charitable organizations that house families of critically ill children, applicable against corporate income, insurance premium, sales, oil/gas production, and alcoholic beverage excise taxes

Creates the Rural Community Investment Program within the Department of Commerce, offering tax credits (capped at $7 million per year, $35 million cumulative) to investors in certified rural funds that make eligible investments in small businesses in rural communities, with the program expiring December 31, 2040

Provides a one-time motor vehicle registration credit (up to $830 million total) covering the annual license tax and ancillary fees for eligible registrations, funded by General Revenue transfers to the Department of Highway Safety and Motor Vehicles, and appropriates $1 million for a study by the Office of Economic and Demographic Research on reducing or eliminating homestead property taxes