Wednesday, January 9, 2013

MACF: Manufacturing Sales Tax Change

Effective January 1, 2013 Florida manufacturers purchasing machinery and equipment for expanding operations need only show 5% productivity (reduced from 10%) to be eligible for a sales tax exemption on such machinery and equipment.

This was a priority of the state manufacturing association Manufacturers Association of Florida (MAF), Regional Associations such as the Manufacturers Association of Central Florida (MACF) and Governor Scott in 2012 Legislature and fortunately was passed by the Florida Legislature. MAF Site

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