ELECTRICITY
If you use electricity at a fixed location to operate machinery and equipment that are used to manufacture or prepare for shipment, items of tangible personal property for sale, you probably qualify to receive an exemption from an eight percent tax on your electric bill. To qualify, you must be able to answer yes to each of the following questions.
- Do you use electricity at a fixed location to operate machinery and equipment that is used to manufacture, process, compound, produce or prepare for shipment items of tangible personal property for sale or to operate pollution control equipment, recycling equipment, maintenance equipment or monitoring or control equipment used in such operations?
- Does your four-digit SIC Industry Number begin with any of the following two-digit combinations: 10: 12, 13, 1(4, 20, 22, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33,34, 35, 36, 37, 38, or 39?
- Is at least 75% or more of the electricity used by the location requesting an exemption used to operate machinery and equipment as described in question number 1? (Note: if the answer to this question is no but more than 50% of the electricity is used to operate machinery and equipment as described in question number 1, you can still qualify for a 50% exemption of the tax).
As always, if you have any questions about how we may be able to help in your business expansion/job creation plans please contact your local economic development professional or Opportunity Florida at 850-638-6040.
Rick Marcum
Executive Director, Opportunity Florida
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