Cliff Notes version:
If you use your equipment for R&D more than 50% of the time in FL, then it is tax exempt =)
Here is the exact text from their website:
Exemption for Machinery and Equipment Used for Research and Development
This exemption is available for purchases of machinery and equipment used predominantly (at least 50%) for research and development as defined by law.
- “Machinery and equipment” includes, but is not limited to, molds, dies, machine tooling, other appurtenances or accessories to machinery and equipment, testing and measuring equipment, test beds, computers, and software, whether purchased or self-fabricated, and, if self-fabricated, includes materials and labor for design, fabrication, and assembly.
- “Research and development” does not include ordinary testing or inspection of materials or products used for quality control, market research, efficiency surveys, consumer surveys, advertising and promotions, management studies, or research in connection with literary, historical, social science, psychological, or other similar nontechnical activities.
- Exemption is available by issuing the seller an affidavit or a Sales and Use Tax Direct Pay Permit.
References: Section 212.08(18), F.S., and Rule 12A-1.043, F.A.C.
Need some more guidance?
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