Tax-exemption bill goes to Florida governor’s desk

The Florida legislature passed a bill that would make the state sales tax exemption for certain manufacturing machinery and equipment permanent.
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The Florida legislature passed a bill last week that would make the state sales tax exemption for certain manufacturing machinery and equipment permanent.

The current exemption is due to expire in April.

Passage of the initial tax break was a priority for Gov. Rick Scott, which makes it likely that he will sign the current bill.

The provision exempts from sales tax “Industrial machinery and equipment,” which means tangible personal property or other property that has a depreciable life of three years or more and that is used as an integral part in the manufacturing, processing, compounding or production of tangible personal property for sale, according to the National Marine Manufacturers Association.

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