In
an effort to help the economy and bring large business into
their state, the Florida Department of Revenue passed a law
that would allow manufacturers, fabricators and processors state
sales tax exemptions on their utilities depending on the amount
of consumption. This applies to both electricity and natural
gas.
In
Florida, if you spend over 50% but under 75% of your electricity
and/or natural gas in the process of making a physical or chemical
change to tangible personal property intended for sale, you
can apply for a 50% exemption from the state sales tax. You
may also receive a refund of 50% of the past taxes that you
paid for as far back as 3 years. Some factors may prevent a
refund of 3 full years.
Florida
will give 100% exemptions from the state sales tax to those
manufacturers, fabricators and processors using over 75% of
their electricity and/or natural gas in the process of making
a physical or chemical change to tangible personal property
intended for sale. You may also receive a refund of 100% of
the past taxes that you paid for up to 36 months.
Utility
Discounters will perform a balanced utility
study in order to show the state the exact amount of exemptable
use. This will allow us to file for tax exemption status on
your utilities.
Do
I qualify for just a 50% exemption and refund or the full
100% exemption and refund?
State
Government links about this law.
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