Florida enacts a 5% personal income tax by 2028
Resolves: Florida enacts legislation or a constitutional amendment establishing a 5% personal income tax rate, effective no later than June 30, 2028.
user-generated· regulatory
Florida enacts a 5% personal income tax by 2028
Market overview
Florida's current reliance on sales and consumption taxes (80.3% in 2025) creates budget volatility during economic downturns. To stabilize revenue, Florida will introduce a 5% personal income tax by mid-2028, despite its long-standing 'no income tax' policy.
regulatory prediction market
- Implied probability (Yes)
- 60%
- Closes
- 2028-06-30
About this prediction
Resolution criteria
Florida enacts legislation or a constitutional amendment establishing a 5% personal income tax rate, effective no later than June 30, 2028.
Source: user-generated
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