Florida offers Sales and Use Tax Exemptions on…

• Machinery and equipment used by a new or expanding Florida business to manufacture, produce or process tangible personal property for sale;
• Labor, parts and materials used in repair of and incorporated into machinery and equipment;
• Electricity used in the manufacturing process;
• Certain boiler fuels (including natural gas) used in the manufacturing process;
• Semiconductor, defense and space technology-based industry transactions involving manufacturing equipment;
• Machinery and equipment used predominantly in research and development;
• Labor component of research and development expenditures;
• Commercial space activity – launch vehicles, payloads and fuel, machinery and equipment for production of items used exclusively at Spaceport Florida;
• Aircraft parts, modification, maintenance and repair, sale or lease of qualified aircraft;
• Production companies engaged in Florida in the production of motion pictures, made for television motion pictures, television series, commercial music videos or sound recordings.

To discuss if your company qualifies for a tax exemption, contact Mike Bobroff.

Florida has...

NO corporate income tax on limited partnerships

NO corporate income tax on subchapter S-corporations

NO state personal income tax guaranteed by constitutional provision

NO corporate franchise tax on capital stock

NO state-level property tax assessed

NO property tax on business inventories

NO property tax on goods-in-transit for up to 180 days

NO sales and use tax on goods manufactured or produced in Florida for export outside the state

NO sales tax on purchases of raw materials incorporated in a final product for resale, including non-reusable containers or packaging

NO sales/use tax on co-generation of electricity