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: | 2019 |
Program name: | Capital Investment Tax Credit |
Program purpose: | Business attraction/retention/expansion |
Statutory authority: | Section 220.191, F.S. |
Abating jurisdiction(s): | State of Florida |
Applicable taxes: | Corporate Income Tax; Premium Tax |
Method of abatement: | Tax Credit |
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: | $61,055,000 |
Reimbursement / offset: | $0 |
Net revenue loss: | $61,055,000 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |
Document source: | https://www.sbafla.com/bondfinance/Financial-Information/Florida-Annual-... |