FL H0939

Adds paragraph (hhh) to section 212.08, Florida Statutes, to exempt chemicals, machinery, parts, and equipment used in manufacturing and fabricating aircraft engines and gas turbine engines from sales and use tax.

Specifies exempt items include cores, electrical discharge machining (EDM) supplies, brass electrodes, ceramic guides, reamers, grinding and deburring wheels, Norton vortex wheels, argon, nitrogen, helium, fluid abrasive cutters, solvents and soaps, boroscopes, penetrants, patterns, dies, and molds consumed in casting production.

Requires entities claiming the exemption to obtain a sales tax exemption certificate from the department or provide other required documentation.

Establishes that exempt purchases or leases must comply strictly with the subsection and departmental rules, with non-compliant purchases remaining subject to taxation.

Takes effect July 1, 2012.