Effective: 01/01/2002
BUSINESS EQUIPMENT
SALES TAX REFUND

FORM EZ-E
 (Business Equipment Sales Tax Refund Application for Eligibility)
FORM DR-26S
 (Florida Department of Revenue Application for Refund)
(s. 212.08 (5)(h), F. S.)

Business Eligibility:

• Must be located in an Enterprise Zone.
• Starting July 1, 2001, 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 three years
• Eligible purchase must be new or used property defined as “recovery property” in s. 168(c) of the Internal Revenue Code of 1954 as amended, NOT including the following:
• 3-year property under s. 168(c)(2)(A) of Internal Revenue Code;
• industrial machinery/equipment (receiving a capital equipment sales tax exemption under s. 212.08(5)(b), F. S.) and
• building materials eligible for E.Z. sales tax refund incentive.

Refund Calculation:

• 97% of the state sales tax (6%) paid on Business Equipment.

• $291.00 (Purchase amount: $5,000.00)
  

  Example: $5,000.00 x .06 $300.00 x .97 $291.00

  business equipment purchased state sales tax     amount of sales tax refund

• If 20% or more of the permanent, full-time employees of the business are residents of an E.Z., the maximum refund per application will be no more than the lesser of $10,000 or 97% of the state sales tax paid.
• If less than 20% of the permanent, full-time employees of the business are residents of an E.Z., the maximum refund per application will be no more than the lesser of $5,000 or 97% of the e sales tax paid.

• Forms must be filed with the Department of Revenue within six months after the equipment is purchased or the tax is due.
• EZDA has 10 business days to process.

• Form EZ-E (when approved by EZDA Coordinator) is given to business who will submit original with Form DR-26S (and supporting documentation) to the Department of Revenue.
• EZDA faxes a copy of Form EZ-E to the Department of Revenue.
• One copy for EZDA files.

• EZDA faxes a copy of Form EZ-E to: 850/922-5828; (ph: 850/488-8937).

• Tax Information Services: 850/488-6800

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