Florida adds sales-tax exemption on manufacturing equipment

Posted on

A sales-tax exemption on purchases of manufacturing equipment in Florida will become available, effective today, for eligible manufacturers.

Qualifying purchases made after the effective date of the exemption are eligible for a refund of any tax paid.

An eligible business is one whose primary activity occurs at the location that holds the machinery, according to the state Department of Revenue.

The National Marine Manufacturers Association said it worked closely with Gov. Rick Scott last year to support the tax break, which would extend to boat manufacturers.

The NMMA said Scott made the tax change a top priority after recognizing that Florida was the only state on the Gulf Coast or Atlantic Seaboard that charged sales tax on major manufacturing equipment purchases.

Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!

Click here to Register ... it's free!

Basic subscription: Registered members get free access to 10 premium content stories each month!

Not a member yet? Click here to Register!

Already a member? Click here to Login!

Subscribe ... for unlimited access!

Individual subscription: $29 for unlimited site access for one year.

Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.

Corporate subscription: $300 for unlimited site access for all members of a company for one year.

You may close this dialog after seconds.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.

Vote Today

Did 2014 meet your sales expectations?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price

Login to Trade Only Today

Lost Password