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Legislative Update: Tax Reforms Advance in the House of Representatives

Legislative Update: Tax Reforms Advance in the House of Representatives

The Florida House of Representatives this week passed House Bill (HB) 7099, sponsored by Rep. Debbie Magar, which would permanently eliminate the Manufacturing Machinery and Equipment Sales & Use Tax and reduce the tax rate on commercial leases.  The  bill has been sent to the Florida Senate to be discussed during upcoming budget conferences.

The current, temporary sales tax exemption on manufacturing machinery and equipment was passed by the Florida Legislature in 2014 and will expire in 2017.

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