News Release: Governor Rick Scott's Office
TALLAHASSEE, Fla. – Today, during a meeting of the Florida Cabinet, Governor Rick Scott highlighted the elimination of the sales tax on manufacturing equipment and machinery for Florida’s manufacturing companies. Legislation to eliminate this tax went into effect on April 30, and was one of Governor Scott’s top priorities during the 2013 legislative session. According to Enterprise Florida the elimination of the manufacturing machinery and equipment sales tax is expected to save the more than 18,000 manufacturing companies in the state approximately $141 million annually.
Governor Scott said, “The elimination of manufacturing and equipment sales tax is great news for Florida businesses. Eliminating this barrier on manufacturers will help build up manufacturing in our state, and help Florida businesses save money and be competitive. With more than 563,000 private-sector jobs created since December 2010 and unemployment below the national average, we will continue working to create an opportunity economy for Florida families.”
During today’s Florida Cabinet meeting, Governor Rick Scott also recognized three companies with the Governor’s Business Ambassador Award for their commitment to the manufacturing industry and creating jobs in Florida. The Governor’s Business Ambassador Award is given to individuals for their efforts in creating jobs and opportunities for Florida families.
The following businesses received the Governor’s Business Ambassador Award:
LLC Owner Matt Turner, said, “With the elimination of the sales tax on our new machine, it has helped me to be able to pay the other trades that were needed to connect and complete the setup. For example, I had to hire Keith McNeil Plumbing to supply air and water and R/T Electric to run wiring to the new machine. The eight to ten thousand dollars that I did not have to pay in sales taxes went to these other trades. I am also very honored to receive the Governor’s Business Ambassador Award and to know that my business efforts are appreciated and recognized.”
Global Director of Continuous Improvement at ConMed Corporation Bill Mazurek said, “Governor Scott continues to walk the talk when it comes to creating jobs for Florida. Governor Scott's elimination of sales taxes on manufacturing equipment and machinery will benefit every manufacturer in Florida. With this innovative legislative approach, ConMed Corporation can continue investing in product innovation and driving growth with less regulation and drain on capital investment. Proactive legislation that helps drive real job creation is a win-win for everyone.”
ICTC Global Manufacturing Solutions President & CEO Sareet Majumdar said, “For any business owner, the key to success in business is comprised of a skilled and well-educated workforce and the limitation of local government interference. Governor Scott has a strong influence over these criteria and has made these the cornerstone of his support to local manufacturers. By eliminating state taxes on machinery for Florida manufacturers, Governor Scott is demonstrating once again that he gets it. This new law will give allow us to purchase more machinery and thus ultimately create more jobs and bring more business to Florida. That’s the way a government-private sector partnership should work.”