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Capital Investment Tax Credit for Clean Energy (Florida)
Incentive/Active false  +
Incentive/Amt 5% of eligible capital costs<br />5% of eligible capital costs<br />  +
Incentive/ApplDsc Industrial  +
Incentive/Auth2Code Florida Statute 220.191  +
Incentive/Auth2DtEff 2008-07-01  +
Incentive/Auth2DtEnact 2008-06-25  +
Incentive/Auth2Link http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=0200-0299/0220/Sections/0220.191.html  +
Incentive/AuthCode Florida Statute 288.106  +
Incentive/AuthLink http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=0200-0299/0288/Sections/0288.106.html  +
Incentive/ContAddr 1379 Blountstown Highway  +
Incentive/ContDept Florida Department of Revenue  +
Incentive/ContName Taxpayer Services  +
Incentive/ContPhone (800) 352-3671  +
Incentive/ContPhone2 (850) 488-6800  +
Incentive/ContPlace Tallahassee, Florida  +
Incentive/ContWebsite http://www.myflorida.com/dor  +
Incentive/ContZip 32304-2716  +
Incentive/EnergyCat Renewable Energy Incentive Programs  +
Incentive/ImplSector State/Territory  +
Incentive/MaxInc 20 year maximum  +
Incentive/Name Capital Investment Tax Credit for Clean Energy  +
Incentive/ProgAdmin Executive Office of the Governor  +
Incentive/StartDate July 1, 2008  +
Incentive/StartDateString 2008-07-01  +
Incentive/Summary In 2008, Florida established the Capital I …
In 2008, Florida established the Capital Investment Tax Credit for high-impact sectors with the purpose of attracting and growing capital-intensive industries to Florida. The annual tax credit is 5% of eligible capital costs generated by qualifying projects for a maximum of 20 years. A qualifying project is a new or expanding facility located in Florida that is in a high-impact sector, as defined by [http://www.eflorida.com Enterprise Florida, Inc]. Currently, high-impact sectors include clean energy, biomedical technology, financial services, information technology, silicon technology and transportation equipment manufacturing. Projects must include an investment of at least $25 million in eligible capital costs, among other criteria. The annual tax credit is limited by the annual corporate income tax liability of the project. The following tax credit limits apply: * Capital investment of at least $100 million: 100% of the annual corporate tax liability * Capital investment between $50 million and $100 million: 75% of the annual corporate tax liability * Capital investment between $25 million and $50 million: 50% of the annual corporate tax liability Solar manufacturing facilities may transfer tax credits earned through this program. In order to qualify for this transfer, solar manufacturing companies must create at least 400 jobs within six months of beginning operations. The average annual salary of employees must be $50,000 or higher.
ry of employees must be $50,000 or higher.  +
Incentive/TechDscOther Clean Energy  +
Incentive/Type Industry Recruitment/Support +
OpenEI/PageDescription Capital Investment Tax Credit for Clean Energy: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Florida  + , Industry Recruitment/Support  + , Executive Office of the Governor  +
Place Florida: Energy Resources +
Categories Financial Incentive Programs , Incentive with Authorities , Incentive with Contacts
Modification date
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18:23:15, 12 February 2015  +
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