CPA & Business Advisory Blog

Florida Manufacturing

Florida Tax Updates: Manufacturing Exemption and Tax Holidays

Florida Manufacturing Exemption

Florida’s temporary sales tax manufacturing exemption has been made permanent as of July 1, 2016. Prior to this change, the temporary exemption for the purchase of manufacturing equipment was set to expire on April 30, 2017. To be exempt from Florida sales tax under the manufacturing exemption, the equipment must have a useful life of at least three years and must be used more than 50% in the manufacturing process. The temporary sales tax exemption currently in place for a mixer drum that is attached to a mixer truck was not made permanent by the new law. Therefore, this sales tax exemption will expire on April 30, 2017.

To qualify for the sales tax manufacturing exemption, the business activity must be classified under codes 31, 32, 33 and 423930 (recyclable material merchant wholesalers) of the North American Industry Classification System. The exemption also applies to parts and accessories for the manufacturing equipment, as long as the items are purchased prior to the date the manufacturing equipment is put into process.

Florida/Ohio Upcoming Sales Tax Holiday

Florida’s sales tax holiday is scheduled to take place from August 5 to 7.  There have been changes made to Florida’s sales tax holiday from past years.  Please click here for updated information on Florida’s upcoming sales tax holiday.

You can learn about other state tax holidays here.

If you have any questions concerning any of the items listed please reach out to Skoda Minotti’s State and Local Tax (SALT) team.

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