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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.

State or TerritoryFlorida
Effected JurisdictionFlorida
Jurisdiction type: State or Territory
Fiscal year ending In2022
Program nameProfessional Sports Franchise
Program purpose: Sports
Statutory authority: Florida Statutes s. 220.20; 288.1162, F.S
Abating jurisdiction(s): State of Florida
Applicable taxesSales and Use Tax
Method of abatement: 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: $16,000,000
Reimbursement / offset: $0
Net revenue loss: $16,000,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.myfloridacfo.com/docs-sf/default-source/transparency-docs/ca...