+1 212 318 2000
Europe, Middle East, & Africa
+44 20 7330 7500
+65 6212 1000
By Karen Young
ATLANTA--A bill recently signed into law by Florida Gov. Rick Scott (R) to eliminate sales tax on manufacturing equipment purchases could face legal challenges because although it did receive approval by a majority, it did not meet the required two-thirds House vote, House Minority Leader Perry Thurston Jr. (D) said May 21.
Scott signed H.B. 7007 into law May 17 to eliminate sales tax on the purchase of manufacturing equipment, a move in which the sales tax cuts are expected to be offset by their anticipated economic development benefits.
But Thurston maintained that organizations representing cities and counties--the groups most likely to be impacted by a sales tax cut--would also be most likely to challenge the new law.
Thurston expressed concern that there would be no accountability for those receiving the tax incentive to demonstrate an increase in economic development, such as the number of new jobs created.
Additional information on H.B. 7007 is at http://www.myfloridahouse.gov/Sections/Bills/billsdetail.aspx?BillId=49814.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).