In 2013, Governor Rick Scott (R) of Florida pushed for and won a state sales tax exemption for equipment purchased by manufacturing businesses. At the time, he called it “a huge victory for families across Florida… [and] the Sunshine State.” He said, “Manufacturers outside of our state will now have access to our 15 ports and incredible workforce.” The exemption costs the state approximately $137 million in sales tax revenue, annually.
The exemption took effect on April 30, 2014 and is set to expire on April 30, 2017 (see Department of Revenue Tax Information Publication # 13A01-06 for more details). But if Governor Scott gets his way again, it would become permanent.
Lawmakers have said they will cut taxes in 2016 but as yet have not committed to any specific breaks.
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photo credit: BRITISH COLUMBIA 1971 MUNICIPAL EXEMPT plate via photopin (license)
