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: | 2022 |
| Program name: | Qualified 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 taxes: | Sales 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: | Revocation of certification and interest, penalties, attorneys' fees and expenses. A qualified target industry business that fraudulently claims a refund under this section commits a felony of the third degree and is liable for repayment of the amount of the refund plus a mandatory penalty. |
| Gross revenue loss: | $12,278,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $12,278,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.myfloridacfo.com/docs-sf/default-source/transparency-docs/ca... |
