Building Materials Sales Tax Refund:  Rural and Urban Enterprise Zones
s.212.08 (5)(g), F.S.

Forms:

• Building materials Sales Tax Refund Form     EZ-M

Purpose:

• A refund is available for sales taxes paid on the purchase of building materials used to rehabilitate real property located in an Enterprise Zone.

Advantages:

• Reduces the cost of rehabilitating real property.

Limitations:

• The total amount of the sales tax refund must be at least $500, but no more than the lesser of $5,000 or 97% of the tax paid per parcel of property.
• 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 per parcel.

Eligibility Requirements:

• Property being renovated must be located within an Enterprise Zone.
• Businesses and residents are eligible for sales tax refund.
• Sales Tax Refund is available only one time per parcel of real estate.
• Incentive limited to owners, lessors, lessees of the real property that is rehabilitated within an Enterprise Zone.

Calculations:

• 97% of the state sales tax paid on Building Materials.