« Return to search form

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 In2022
Program nameQualified 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 taxesSales 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 sourcehttps://www.myfloridacfo.com/docs-sf/default-source/transparency-docs/ca...