| Program
Names |
Description |
| State
Incentive & Assistance Programs |
|
Qualified
Target Industry Tax Refund Program (QTI) (requires local match) |
Incentive
available for companies that create high wage jobs in targeted
high value-added industries. This incentive includes refunds on
corporate income, sales, ad valorem, intangible personal property,
insurance premium, and certain other taxes. |
|
|
Quick Response Training Program
(QRT) |
A customer-driven training program designed to
assist new value-added businesses and provide existing Florida businesses
the necessary training for expansion. |
|
|
Economic Development Transportation
Fund (Road Fund) |
Incentive tool designed to alleviate
transportation problems that adversely impact a specific company's
location or expansion decision. |
|
|
Qualified Defense Contractor Tax
Refund Program (QDC) |
Refund for defense contractors for
activities including consolidating defense contracts, acquiring new
contracts, or converting to civilian production. |
|
|
Capital
Investment Tax Credit (CITC) |
Annual credit against high-impact
sector project's Florida corporate income tax for up to 20 years. |
|
|
High Impact Business Performance
Incentive Grant (HIPI) |
Grant used to attract and grow major
high impact facilities. |
|
|
Incumbent Worker Training Program |
Program that provides training to
currently employed workers. |
|
|
Florida's Jobs-Siting Act - Expedited
Permitting |
Permit-streamlining procedures to
assist existing, expanding or new-to-Florida businesses. |
|
| State
Sales and Use Tax Exemptions |
|
Electricity & Steam
Tax Exemption |
Exemptions
on electricity used directly and exclusively at a fixed location
to operate machinery and equipment
that is used to manufacture items of tangible personal property for
sale, or to operate polllution control equipment, recycling equipment,
maintenance equipment, or monitoring or control equipment used in such
operations. |
|
| Aviation
Industry Tax Exemptions |
|
Maintenance or Repair
of Aircraft |
Exemptions on the amount charged
for labor associated with the maintenance or repair of aircraft. |
|
Equipment Used In Aircraft
Repair or Maintenance |
Exemptions on the sale of equipment
used to repair or maintain aircraft and is installed on aircraft
maintained or repaired in Florida. |
|
Fixed Wing Aircraft
Sales or Leases |
Exemptions
on the sale or lease of fixed wing aircraft used by a "common carrier" as
defined by the FAA. |
|
Machinery
and Equipment Tax Exemptions |
|
New
Manufacturers |
The
machinery and equipment must have been purchased, or a purchase
agreement made, prior to the date the business first begins
to produce a product for inventory or immdiate sale. |
|
Expanding Manufacturers |
Industrial
machinery and equipment is exempt from tax when purchased by
an expanding business for the purpose of increasing "productive
output" by not less than ten percent. Sales or use tax of
$50,000 for each calendar year of the expansion project must
be paid before the exemption or refund is available. |
|
Printing and Publishing |
Printing firms now qualify for the
new or expanding business exemption and are not subject to the $50,000
payment of sales or use tax requirement. |
|
Mining Activities |
Businesses engaged in mining activity
may qualify for the exemption but may only receive the exemption
by way of a future credit against taxes. Mining businesses must also
demonstrate the creation of new Florida jobs. |
|
Repair and Labor Charges |
Exemption on the sales tax on labor
charges for the repair of, and parts and materials used in the repair
of industrial machinery and equipment that qualify for the sales
tax exemption. |
|
Pollution Control Equipment |
Sales,
use or privilege taxes shall not be collected with respect to
any facility or machinery used primarily for the control of pollution
in manufacturing, processing, compounding , or producing for
sale items of tangible personal property at a fixed location. |
|
| Space
Industry Tax Exemptions |
|
Property Used Predominantly
for Space Flight Business Purposes |
Exemptions of sales tax on the lease
of Real Property used or occupied predominantly for space flight
business, including manufacturing, processing, ground control and
ground support and other activities. |
|
Machinery and Equipment
for Space Industry |
Exemption of sales tax on machinery
and equipment used to increase the productivity output of a spaceport
activity and for new and expanding businesses. |
|
Space Launch Vehicle
Fuels |
Exemption of excis tax on fuels
of such quality not adapted for use in ordinary motor vehicles, being
produced for and sold exclusively for space flight. |
|
Space Laboratories and
Carriers |
Exemption from ad valorem tax on
modules, pallets, racks, lockers, and their necessary associated
hardware and subsystems. |
|
Direct and Overhead
Materials |
Exemptions of sales tax on tangible
personal property used or consumed by a government contractor, including
prime and subcontractors, in the performance of a D.O.D. or NASA
contract. |
|
|
Semiconductor, Defense,
or Space Technology Exemptions |
Semiconductor, defense and space
technology-based industry transactions involving manufacturing or
research equipment. |
|
|
Urban Job Tax Credit
Program |
Incentive
awards and lower wage qualification thresholds for businesses locating
in many urban core/inner city areas that are experiencing conditions
affecting the economic viability of the community and hampering
the self-sufficiency of the residents. |
|
| State Geographic Zone/Site
Specific Incentives |
| Urban Enterprise
Zone Incentives: Tax incentives to businesses that choose to create
employment within an enterprise zone, which is a specific geographic
area targeted for economic revitalization. |
|
Enterprise Zone Jobs
Tax Credit |
A business located in an enterprise
zone may take a credit against either sales and use tax or corporate
income tax when it hires new employees who reside in an enterprise
zone or participate in a welfare transition program. |
|
Sales Tax Refund for
Building Materials Used in EZ |
A business or individual that rehabilitates
real property located in an enterprise zone may apply for a refund
of sales tax paid on the purchase of building materials. |
|
Sales Tax Refund for
Business Property in EZ |
A business that purchases property
for use in an enterprise zone may apply for a refund of sales tax
paid on the property. Includes real personal property and tangible
personal property. |
|
Sales Tax Exemption
on Energy Used in EZ |
A business that is located in an
enterprise zone may apply for a 50% exemption from sales tax for
purchases of electrical energy. |
|
Community Contribution
Tax Credit Program |
A credit for businesses that makes
a donations of cash, property, or goods to an approved community-based
organization or government agency. |
|
|
Brownfield Incentives |
Incentives to businesses that locate in Brownfield
sites, which are underutilized industrial or commercial sites due
to actual or perceived environmental contamination. |
|
Foreign Trade Zones |
In Foreign Trade Zones, value can be added to foreign
goods tariff free before shipping them on to another country. |
|
| Capital & Finance
Programs |
| |
Industrial
Development Revenue Bonds |
A federal program, administered by the state, at the
local level. |
|
|
Enterprise Bonds |
Tax-exempt, low interest bond financing
to qualified manufacturing and 501(c) 3 non-profit organizations. |
|
|
Small Business Administration
Loans |
Loan programs that provide financial
aid to small businesses. |
| |
|
|
 |
|
