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:
Florida
Reporting Jurisdiction:
Florida
Jurisdiction type
:
State
:
Fiscal year ending In:
2018
Program name:
Community Contribution Tax Credit Program
Program purpose:
Affordable housing
:
Statutory authority:
Florida Statutes Sections 212.08(5)(p); 220.183; and 624.5105
:
Abating jurisdiction(s):
State of Florida
:
Applicable taxes:
Corporate Income Tax; Insurance premium; 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:
$24,900,000
:
Reimbursement / offset:
$0
:
Net revenue loss:
$24,900,000
:
Type of loss:
Active
:
Additional notes on dislosure:
(none)
