Bill seeks to help manufacturing sector

Published On: Apr 10 2013 03:04:39 PM EDT
TALLAHASSEE, Fla. -

A bill aimed at boosting Florida's manufacturing sector through a tax break has cleared its first test before a state House panel.

The bill seeks to end the 6 percent sales tax charged on equipment purchases by manufacturers. It reflects one of Gov. Rick Scott's top priorities of the legislative session.

The measure (HB 391) was approved by the House Economic Development and Tourism Subcommittee on Wednesday.

State Rep. MaryLynn Magar says her bill is a needed incentive because Florida is "woefully behind" most of the country in producing manufacturing jobs.

She cited forecasts indicating broader use of the tax exemption would cost the state more than $100 million by the second year. But she said it would result in a net gain in revenue by enticing manufacturers to hire more workers and produce more goods.

Comments

The views expressed below are not those of News4Jax or its affiliated companies. By clicking on "Post," you acknowledge that you have read the Terms of Service and your comment is in compliance with such terms. Readers, please help keep this discussion respectful and on topic by flagging comments that are offensive or inappropriate (hover over the commenter's name and you'll see the flag option appear on right side of that line). And remember, respect goes both ways: Tolerance of others' opinions is important in a free discourse. If you're easily offended by strong opinions, you might skip reading comments entirely.

blog comments powered by Disqus