Florida Enacts Temporary Exemption for Industrial Machinery Used in Manufacturing

Tuesday, May 21st, 2013

 
 
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In Florida, a temporary exemption for sales of industrial machinery and equipment for eligible manufacturing businesses will take effect on April 30, 2014.

Florida recently enacted legislation that will temporarily exempt purchases of industrial machinery and equipment made by an "eligible manufacturing business" from sales and use tax. 2013 Fla. Laws ch. 39, sec. 6. To qualify for the exemption, the industrial machinery must be used at a fixed location within the state for manufacturing, processing, compounding, or production of tangible personal property for sale. "Eligible manufacturing business" means any business whose primary business activity at the location where the industrial machinery and equipment is located is within the industries classified under NAICS codes 31, 32, and 33. These NAICS codes are classifications contained in the North American Industry Classification System, as published in 2007 by the Federal Office of Management and Budget.

The exemption will be added to Fla. Stat. Ann. sec. 212.08 under subsection (7) as paragraph (kkk) on its effective date, April 30, 2014. This temporary exemption is set to be repealed on April 30, 2017.


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TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

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