Manufacture a fix to tax issue

With the Florida legislative session set to kick off less than two weeks after Christmas, lobbyists statewide are in their busy season.

One issue that Florida TaxWatch and other pro-business groups, particularly in manufacturing, are watching closely is the potential expiration of a sales tax exemption for machinery and equipment purchases. That exemption is scheduled to expire in 2017.

Florida TaxWatch officials, in a report and statement, say if the tax break expires it “could have a devastating impact on the state economy.” Florida already trails many southern states in manufacturing output, according to TaxWatch, and if the exemption expires, Florida manufacturers will pay higher sales tax rates than nearly every other southern state.