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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 In2023
Program nameCommunity Contribution Tax Credit Program
Program purpose: Affordable Housing
Statutory authority: Florida Statutes s. 212.08(5)(p); 220.183; 624.5105
Abating jurisdiction(s): State of Florida
Applicable taxesCorporate Income Tax; Insurance Premium Tax; Sales and Use Tax;
Method of abatement: Tax Credit; 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: $14,000,000
Reimbursement / offset: $0
Net revenue loss: $14,000,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://myfloridacfo.com/docs-sf/default-source/transparency-docs/cafr/a...