Effective: 01/01/2002
BUILDING MATERIALS
SALES TAX REFUND

FORM EZ-M
(Building Materials Sales Tax Refund Application for Eligibility)
FORM DR-26S
(Florida Department of Revenue Application for Refund)
(s. 212.08 (5)(g), F. S.)

Eligibility:

•  
• Property being renovated must be located in 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.

Refund Calculation:

• 97% of the state sales tax (6%) paid on Building Materials.

• $500.00 (Purchase amount = $8,600.00)
  

  Example: $8,600.00 x .06 $516.00 x .97 $500.52

  building materials 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 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 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 improvements are certified by the building inspector as being substantially complete or within 90 days after the rehabilitated property is first subject to assessment.
• 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-M to the Department of Revenue.
• One copy for EZDA files.

• EZDA faxes a copy of Form EZ-M (Application for Eligibility) to: 850-922-5828 (ph: 850-488-8937).

Questions?

• Tax Information Services: 850-488-6800

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