SALES TAX REFUND FOR BUSINESS MATERIALS USED IN AN ENTERPRISE ZONE (Form EZ-M)
Section 212.08(5)(g), Florida Statues
What is the program?
A refund is available for sales taxes paid on the purchase of building materials used to rehabilitate real property located in an enterprise zone.
What are the advantages?
This incentive reduces the cost of rehabilitating real property that is located in an enterprise zone.
What are the limitations?
The total amount of the sales tax refund must be at least $500, but no more than the lesser of $5,000 or 97% of the tax paid per parcel of property. If 20% or more of the permanent, full-time employees of the business are residents of a Florida enterprise zone the refund will be no more than the lesser of $10,000 or 97% of the tax paid per parcel.
How do I receive the credit?
Form EZ-M certified by an Enterprise Zone Coordinator must be filed with the Department of Revenue within 6 months of when the improvements are certified by the building inspector as being substantially complete.
