Florida S1512 amends tax exemptions for Space Florida and related entities.

Florida S1512 revises tax exemptions for Space Florida and related entities. It exempts certain real and tangible personal property used by nongovernmental lessees in projects authorized by the Space Florida board of directors from sales and use tax. The bill also exempts machinery and equipment used in semiconductor, defense, or space technology production from tax. Space Florida is not subject to certain provisions when purchasing professional or construction services using non-legislative funds.

Florida S1512 amends tax exemptions for Space Florida and related entities.

Florida S1512 revises tax exemptions for Space Florida and related entities. It exempts certain real and tangible personal property used by nongovernmental lessees in projects authorized by the Space Florida board of directors from sales and use tax. The bill also exempts machinery and equipment used in semiconductor, defense, or space technology production from tax. Space Florida is not subject to certain provisions when purchasing professional or construction services using non-legislative funds.