FL S1572

Extends sales and use tax exemption for business property purchased by enterprises located in enterprise zones to apply to use tax in addition to sales tax.

Changes the monetary caps for tax exemptions from $5,000 and $10,000 to apply on a per-item basis rather than as aggregate limits.

Eliminates the requirement that refunds must exceed $100 in sales tax paid on purchases made within a 60-day time period to qualify for a refund.

Revises definitions of "eligible business," "job," and "new job has been created" to require job creation calculations at the specific business location stated in the application.

Allows eligible businesses filing consolidated tax returns to apply the enterprise zone jobs credit against their consolidated tax liability and takes effect July 1, 2012.