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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 nameOther Tax Abatement Program Under $5 Million (including EZ)
Program purpose: General Economic Development
Statutory authority: multiple
Abating jurisdiction(s): State of Florida
Applicable taxesmultiple
Method of abatement: Multiple
Provisions for recapture: If erroneous credits are discovered during an audit of the taxpayer's books and records the amount of tax offset by the credit will be assessed.
Gross revenue loss: $16,800,000
Reimbursement / offset: $0
Net revenue loss: $16,800,000
Type of loss: Active
Additional notes on dislosureThese include: the Florida AMT Credit, Enterprise Zone Property Credit, State Housing Credit, Rural Job Tax Credit Program, Hazardous Waste Facility Credit, Emergency Excise Tax Credit, Brownfield Redevelopment Bonus Tax Refund, ROA Building Materials Sales Tax Refund, Semi-Conductor Defense and Space Technology Tax Exemption, and the Urban High-Crime Area Job Tax Credit Program
Document sourcehttps://www.sbafla.com/bondfinance/Financial-Information/Florida-Annual-...