Fri01302015

Last updateFri, 30 Jan 2015 2pm

Back You are here: Home News Industry Headlines Manufacturing & The Economy Florida Governor Proposes New Tax Break for Manufacturers

Manufacturing & The Economy

Florida Governor Proposes New Tax Break for Manufacturers

Yesterday Gov. Rick Scott (R-FL) announced a plan to eliminate taxes on the purchase of equipment to manufacturing companies in Florida. Scott said building up the state’s manufacturing sector is critical to strengthening the state’s economy because it creates stable jobs in the state.

The governor will propose legislation this session to fully eliminate an outdated “productive output” requirement, currently at 5%, required for businesses to receive a sales tax exemption on equipment. Until January 1, 2013, manufacturers were required to show proof of meeting a “productive output” requirement of 10%. Scott reduced this 10% requirement down to 5% in the 2012 legislative session.

New Products

 

Valve Magazine Digital Edition

15 WNT CVR 160x214Inside the Winter 2015 issue…

• Your Control Systems Are at Risk!
• Building a Better Workforce
• Focus on the Offshore Market
• Forgings: Quality with a Cost

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL

winstrol depot online buy steroids malaysia buy anabolic steroids bangkok purchase anabolics dapoxetine review