JACKSONVILLE, Fla. - On Jacksonville's Morning News Wednesday WOKV spoke with Governor Rick Scott about his proposal to eliminate a sales tax on manufacturing equipment. We're now learning how the state plans to make up the gap in revenue.
"If we want our families to do better we have to have more manufacturing jobs," said Governor Scott during a press conference
at the Vistakon Johnson & Johnson Vision Care distribution facility. "In order to build up Florida manufacturing jobs, we must get rid of any and all barriers on manufacturing investment in our state."
The governor announced a proposal to get rid of a sales tax on equipment manufacturers buy. But cutting any tax means lost revenue somewhere. Governor Scott says Florida's budget surplus combined with the work they've done to make Florida a more business-friendly state will easily cover the gap.
"When you do that sales tax revenues pick up, business tax revenues pick up," he said.
Johnson & Johnson Vision Care president Dave Brown says this tax proposal will help to offset the cost of purchasing new equipment, which happens often enough in an ever-changing industry. Governor Scott says he will submit the bill to the legislature when it goes back in session March 5 and hopes to have it passed and signed into law by the beginning of July.