FLORIDA 'S GREEN LEGISLATION

Effective January 1, 2009, the new Energy Bill passed by the Florida Legislature removes the expiration date for property tax exemption for real property where the device is working. (No exemptions under this provision prior to 1/1/2009.) The exemption is limited to the original cost of the device, including installation costs, but not including replacement of previously existing property and only lasts for ten years.

Technical changes to the sales tax exemption for "renewable energy devices" were also made. If you receive the exemption and later sell the item, the new owner does not get another exemption. The new Florida Energy and Climate Commission will administer the tax exemptions, and other corporate credits which are moving from the Dept. of Environmental Protection.

The new law also requires all county, municipal, school district, water
management district, state university, community college, and court buildings whose architectural plans are started after July 1, 2008, be constructed to meet the LEED rating system, Green Globes rating system, Florida Green Building Coalition standards, or other nationally recognized building rating system.

Posted in: energy tax credits,green state buildings