| 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. |
| |
|
|
 |
|
