NAPLES, Fla.,- A victory for companies that create jobs in the manufacturing industry. Florida lawmakers passed a bill that would eliminate the tax on manufacturing equipment. Just a short time ago, Governor Rick Scott visited one Southwest Florida company, that will reap the benefits.
Building up Florida's manufacturing industry has been a top priority for Governor Rick Scott. Now this industry is getting a big tax break.
"By eliminating this tax, we have leveled the playing field so we can have more of these companies come to our state and grow in our state; It's the right thing to do for our state," says Governor Scott.
In the latest legislative session, the bill went through allowing this industry to strengthen statewide.
"Eliminating this tax is going to allow them to put more money into research, equipment, training, sales and to hopefully end up with more jobs in the state," said Scott.
It's a victory for Governor Scott and companies like Pelican Wire in Naples. President Ted Bill says he can now turn around and invest the money they save back into their employees.
"Not paying sales tax should help us be more competitive in the market place, and do things to better benefit our employees," said Bill.
The newest, most expensive piece of equipment in the building cost $180,000 plus the 6 percent sales. tax. This bill will go into effect April of next year.