Governor Signs New Law

On May 17, 2013 Governor Rick Scott signed into law one of the main agenda goals of his term in office. Specifically, Sec. 212.08(7)(kkk), Florida Statutes (F.S.), was enacted to allow a 100% exemption for machinery and equipment purchased for the use in Florida based manufacturing and processing companies. Simply an exemption certificate can be supplied to the vender selling the equipment and no sales or use taxes are theoretically due.

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