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: | Florida |
| Effected Jurisdiction: | Florida |
Jurisdiction type: | State |
| Fiscal year ending In: | 2021 |
| Program name: | New Markets Development Program |
| Program purpose: | Job Creation/Retention |
| Statutory authority: | Florida Statutes s. 288.9916 |
| Abating jurisdiction(s): | State of Florida |
| Applicable taxes: | Corporate Income Tax; Insurance 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: | $17,165,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $17,165,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.sbafla.com/bondfinance/Financial-Information/Florida-Annual-... |
