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.
| State or Territory: | Florida |
| Effected Jurisdiction: | Florida |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2018 |
| Program name: | Community Contribution Tax Credit Program |
| Program purpose: | Affordable Housing |
| Statutory authority: | Florida Statutes Sections 212.08(5)(p); 220.183; and 624.5105 |
| Abating jurisdiction(s): | State of Florida |
| Applicable taxes: | Corporate Income Tax; Insurance premium; Sales and Use Tax |
| Method of abatement: | Tax Credit; tax refund |
| 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: | $24,900,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $24,900,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.sbafla.com/bondfinance/Financial-Information/Florida-Annual-... |
