Machinery tax

Florida’s Chamber of Commerce welcomes the “targeted tax reforms” called for Thursday by Gov. Rick Scott which include reducing business rent tax and sales tax on manufacturing machinery and equipment. Scott is recommending $1 billion in tax cuts through a series of reductions and a possible elimination of the state’s corporate income tax. The governor believes his plan is necessary to prepare Florida for the next economic downturn. Chamber Executive Vice President David Hart points out that the proposal is…

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