Business Equipment Sales Tax Refund:  Rural and Urban Enterprise Zones
s.212.08 (5)(h), F.S.

Forms:

• Equipment Sales Tax Refund Form   EZ-E

Purpose:

• A refund is available for sales taxes paid on the purchase of certain business property, which is used exclusively in an Enterprise Zone for at least 3 years.

Advantages:

• Reduces the cost of purchasing new and used qualified tangible personal property.

Limitations:

• Business equipment must have a sales price of at least $5,000 per unit.
• The maximum refund per application will be no more than $5,000 or 97% of the tax paid. 
• If 20% or more of the permanent, full-time employees of the business are residents of an Enterprise zone, the refund will be no more than the lesser of $10,000 or 97% of the tax paid. 

Eligibility Requirements:

Business: 

• Must be located within an Enterprise Zone.
• Business equipment purchased must have a sales price of at least $5,000 per unit.
• Equipment purchased must be used exclusively in an Enterprise Zone for at least 3 years.

Calculations:

• 97% of the state sales tax paid on Business Equipment.