Sales Tax Articles
Sales Tax State Activity Update - June 2007
Florida – Growth Comes at a Cost, but it could Also be Exempt
The Florida Department of Revenue issued a Technical Assistance Advisement outlining the criteria for exemption to an expanding manufacturing business.
The Department indicates a business entity that manufactures, processes, compounds or produces tangible personal property for sale at a fixed location in the state may purchase industrial machinery and equipment exempt from sales and use tax as follows:
- Machinery and equipment increase productive output of the expanded facility by not less than 10 percent
- Machinery and equipment that is tangible personal property with a depreciable life of 3 years or more
- Application for Temporary Tax Exemption Permit, form DR-1214, is completed and submitted to the Department of Revenue
The full text can be viewed at The Florida Department of Revenue website.
(Florida Department of Revenue, Technical Assistance Advisement 07A-003, 02/27/2007)
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