Capital Investment Tax Credit (Florida)

Last modified on February 12, 2015.

EZFeed Policy

Place	Florida
Applies to States or Provinces	Florida
Name	Capital Investment Tax Credit (Florida)
Policy Category	Financial Incentive
Policy Type	Corporate Tax Incentive
Affected Technologies	Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy	Yes
Implementing Sector	State/Province
Program Administrator	Enterprise Florida
Primary Website	http://www.enterpriseflorida.com/why-florida/business-climate/incentives/
Last Review	2014-06-13

Summary

The Capital Investment Tax Credit is an annual credit, provided for up to twenty years, against the corporate income tax. Eligible projects are those in designated high-impact portions of the following sectors: clean energy, biomedical technology, financial services, information technology, silicon technology, transportation equipment manufacturing, or be a corporate headquarters facility. Projects must also create a minimum of 100 jobs and invest at least $25 million in eligible capital costs. Eligible capital costs include all expenses incurred in the acquisition, construction, installation, and equipping of a project from the beginning of construction to the commencement of operations. The level of investment and the project's Florida corporate income tax liability for the 20 years following commencement of operations determines the amount of the annual credit.

Policy Contact

Department	Enterprise Florida
Address	800 N. Magnolia Ave. Suite 1100
Place	Orlando, Florida
Zip/Postal Code	32803
Phone	(407) 956-5600
Fax	(407) 956-5599