Governor Rick Scott sigsn law that gives tax breaks to Florida manufacturers

TAMPA, Fla - One of Gov. Rick Scott's top priorities this year is now law.

Scott on Friday signed a bill that creates a tax break for the state's manufacturers. The governor made it official during a stop at a Tampa manufacturing firm.

The measure (HB 7007) exempts manufacturers from having to pay sales taxes on equipment purchases for three years. The tax break starts in April 2014 and runs until April 2017.

The new law also creates a new nonprofit corporation to oversee money awarded to the state from lawsuits connected to the Deepwater Horizon oil spill.

Some have raised legal questions, however, because the bill did not pass by a supermajority. Top legislators, however, have insisted that the supermajority vote was not needed.

Print this article Back to Top

Comments