New home-buyer tax break measure losing
As of 8:25 p.m., the Florida Department of State Division of Elections reported 41.45 percent of more than 4 million ballots voted “yes” on Amendment 4. “No” votes unofficially tallied at 58.55 percent.
This amendment aims to spur on the home-buying market by giving tax breaks to new-home buyers. Opponents say those tax breaks come at the expense of local governments, though.
Sixty percent of votes cast are required for a Florida state constitution amendment to pass.
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