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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionFlorida
Jurisdiction type: State
Fiscal year ending In2020
Program nameQualified Target Industry Tax Refund Program
Program purpose: Business attraction/retention/expansion
Statutory authority: Florida Statutes s. 288.106
Abating jurisdiction(s): State of Florida
Applicable taxesSales and Use Tax; Corporate Income Tax; Intangible Personal Property Tax; Excise Tax; Property Tax Tax; Insurance Premium Tax; Communication Services Tax
Method of abatement: Tax Credit; Tax refund
Provisions for recapture: Certificate revoked and taxes due; felony charge
Gross revenue loss: $19,338,000
Reimbursement / offset: $0
Net revenue loss: $19,338,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.sbafla.com/bondfinance/Financial-Information/Florida-Annual-...