FL H0597

Amends Florida Statutes section 212.08 to revise the definition of "industrial machinery and equipment" for sales and use tax exemption purposes.

Exempts industrial machinery and equipment used by eligible manufacturing businesses (NAICS codes 31, 32, 33) at fixed locations for manufacturing, processing, compounding, or production of tangible personal property for sale.

Includes mixer drums affixed to mixer trucks used to mix, agitate, and transport freshly mixed concrete, along with parts and labor required for affixing the drums.

Excludes buildings, structural components, and heating/air conditioning systems from the exemption definition unless directly integrated with the machinery being replaced.

Extends the repeal date of the exemption from April 30, 2017 to April 30, 2020, with the act taking effect July 1, 2015.