Scott Eliminates Sales Tax On Manufacturing Equipment
By Space Coast Daily // May 28, 2013
'huge victory for families across Florida'
BREVARD COUNTY, FLORIDA – Florida Governor Rick Scott and business and community leaders across the state are marking the passage of the measure that eliminates sales tax on manufacturing equipment and machinery.
The new provision brings Florida in line with dozens of other states while complimenting other competitive advantages in the Sunshine State, the leaders say.
“This is a huge victory for families across Florida. With no tax on manufacturing equipment, no personal income tax, and our 15 seaports, manufacturers both outside of Florida and those looking to expand in our state will look at the Sunshine State as a cost effective place to invest and hire more Florida workers,” Scott said in a statement.
The governor traveled the state last week on his “Building Up Florida Manufacturing Victory Tour.”
“Until now, Florida manufacturers have been targeted by a tax on manufacturing equipment that other states didn’t burden their companies with – and now this unfair advantage has come to an end,” Scott’s statement continued. “By removing the tax on manufacturing equipment, Florida businesses will finally be on a level playing field when competing against other states, and other countries. This is an important victory for Florida jobs.”
EXTREMELY BENEFICIAL BILL
Lynda Weatherman, president and CEO of the Economic Development Commission of Florida’s Space Coast, congratulated the Florida legislature for passing what she said is an extremely beneficial bill.
“As we have seen on the Space Coast, manufacturing is a highly competitive industry and communities – and states – must offer the right combination of factors to bring new companies to town and help current manufacturers expand. This measure is a major step toward narrowing that competition and makes Florida all the stronger as it looks to grow this important sector,” -Weatherman
“An industry that more than a hundred years ago was the cornerstone of American business once again has the potential to inject new life into our economy. For every one direct manufacturing job we create another three indirect jobs will follow. That is an impressive job multiplier and it translates to substantial opportunity for our state,” Feeney said.
ELIMINATING SALES TAX
“Eliminating sales tax on the purchase of manufacturing equipment and machinery will allow Florida to capitalize on this new age for manufacturing and unlock the job potential Florida’s manufacturing industry offers.”
Another tour participant, Bill Herrle, executive director of the National Federation of Independent Business of Florida, said, “This legislation, which Gov. Scott championed, will make a tremendous impact on Florida manufacturing and our economy, and will help businesses small and large create jobs. This is a great victory for Florida.”
Associated Industries of Florida (AIF) President and CEO Tom Feeney, who joined Gov. Scott and other business and industry leaders on the victory tour, said the passage comes as manufacturing experiences a renaissance.
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