sales tax

Business
11:11 am
Mon July 29, 2013

Lawmakers Hope Sales Tax Cut Brings Manufacturing Boom

Florida ranks among the bottom states for the number of manufacturing jobs. Lawmakers eliminated the sales tax on manufacturing equipment, hoping to lure more companies.
Credit freedigitaldownloads.net/dan

Manufacturing isn't a booming industry in Florida, but many hope that will change thanks to a vote by the state Legislature.

Starting next spring, manufacturing companies will be able to buy equipment in Florida without paying sales tax on it.

That means less revenue initially for the state, but supporters say the move will help boost the industry and create jobs in Florida.

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