Florida ad-tax proposal fails

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A Florida panel failed today to garner the two-thirds majority needed to place a state advertising and media services tax on the November ballot. If it had been passed by the Constitutional Review Commission, a referendum would have gone before Florida voters proposing the elimination of tax exemptions on all service businesses, including ad agencies and media. Local governments also would have been allowed to levy an additional 0.5% or 1% tax atop the state's figure.

Copyright March 1998, Crain Communications Inc.

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