FL S0316

Eliminates the sales tax exemption for industrial machinery and equipment used under federal procurement contracts, removing complex requirements related to cost-reimbursement contracts and deflated implicit productive output calculations.

Simplifies the sales tax exemption for industrial machinery and equipment purchased by manufacturers by removing the requirement for a temporary tax exemption permit and replacing it with a signed certificate from the purchaser at time of sale.

Removes exemptions for spaceport activities and expanding businesses, retaining the exemption only for new manufacturing businesses that furnish a certificate stating machinery will be used exclusively in manufacturing.

Deletes the requirement that machinery purchases occur before a business begins operations and removes the 12-month delivery deadline for new business exemptions.

Updates cross-references throughout Florida Statutes (sections 212.0602, 220.183, 288.0001, 290.0056, 290.007, 624.5105, and 1011.94) to reflect the redesignated exemption paragraphs, effective January 1, 2016.