Brevard County fl starting a business part 2

By
Real Estate Agent with National Realty of Brevard, Inc.

While these are in themselves incentives, the following are additional incentives offered by the State and local government working together to provide you with an environment conducive to your success.

Ad Valorem Tax Exemption (real and personal property) is offered by the local government and is based on the financial impact projected on the County (number of employees, capital expenditure, etc.).
Sales and Use Tax Exemption.

Silicon technology-based industry transactions involving manufacturing or research equipment. 
Purchases of machinery and equipment used by a new or expanding Florida business to manufacture, produce or process tangible personal property for sale. 
Labor, parts and materials used in repair of and incorporated into machinery and equipment that qualify for sales tax exemption upon purchase. (phased in over four years, 25% exempt on July 1, 1999) 
Electricity used in the manufacturing process. (phased in over five years, 80% exempt on July 1, 1999) 
Aircraft parts, modification, maintenance and repair, sale or lease of qualified aircraft. 
Commercial space activity - launch vehicles, payloads and fuel, machinery and equipment for production of items used exclusively at Spaceport Florida. 
Labor component of research and development expenditures.---------------------------------------------------------------------

Comments (1)

Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

We invite you back to ActiveRain in 2016!

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Dec 10, 2016 08:25 PM