Florida Dept. of Revenue - Florida Tax Incentives for Businesses

Florida Tax Incentives for Businesses

Florida offers tax credits, refunds, and other incentives to promote business development and job creation within the state.

To learn more about the incentives available for each tax type, use the buttons below or scroll down to view a table of individual incentives and applicable taxes :

For more in-depth information on select tax incentives:

Use the table below to view the available tax incentives for each tax type. Selecting an "X" in the table will take you to more information about that incentive for that particular tax type. To sort or filter the table according to Incentive Type or Incentive, select the drop-down arrow in the upper-right corner of the column header.

CIT = Corporate Income Tax	FT = Fuel Tax	IPT = Insurance Premium Tax
SUT = Sales and Use Tax	ST = Severance Tax

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Incentive Type	Incentive	CIT	IPT	SUT	FT	ST
Energy	Exemption for Boiler Fuels Used for Certain Industrial Manufacturing Processes			X
Energy	Exemption for Electricity or Steam Used to Operate Machinery or Equipment Used in Certain Manufacturing Industries			X
Energy	Exemption for Electricity Used for Agricultural Purposes			X
Energy	Exemption for Natural Gas Used to Generate Electricity in a Non-Combustion Fuel Cell Used in Stationary Equipment			X
Energy	Solar Energy Systems Exemption			X
Film and Production	Film in Florida Tax Exemption			X
Insurers and HMOs	Florida Health Maintenance Organization Consumer Assistance Assessment Credit	X
Insurers and HMOs	Florida Life and Health Guaranty Association (FLAHIGA)	X	X
Investment in Florida	Capital Investment Tax Credit	X	X
Investment in Florida	Community Contribution Tax Credit	X	X	X
Investment in Florida	Contaminated Site Rehabilitation Tax Credit	X
Investment in Florida	Credit for Manufacturing of Human Breast Milk Derived Human Milk Fortifiers	X
Investment in Florida	Entertainment Industry Tax Credit	X
Investment in Florida	Exemption for Building Materials Used in Construction of Eligible Residential Units for Affordable Housing			X
Investment in Florida	Flight Training Schools				X
Investment in Florida	Florida Neighborhood Revitalization Tax Refund			X
Investment in Florida	Hazardous Waste Facility Tax Credit	X
Investment in Florida	Live Local Program Tax Credit	X	X
Investment in Florida	New Markets Tax Credit	X	X
Investment in Florida	New Worlds Reading Initiative Tax Credit	X	X	X		X
Investment in Florida	Research and Development	X		X
Investment in Florida	Rural Areas of Opportunity Tax Refund			X
Investment in Florida	State Housing Tax Credit	X
Investment in Florida	Strong Families Tax Credit	X	X	X		X
Investment in Florida	Tax Credits for Contributions to Nonprofit Scholarship-Funding Organizations	X	X	X		X
Jobs	Experiential Learning Tax Credit Program	X
Jobs	Rural Job Tax Credit	X		X
Jobs	Salary Tax Credit		X
Jobs	Subtraction for Florida Employees Included in Calculation of Federal Employment Credits	X
Jobs	Urban High-Crime Area Job Tax Credit	X		X
Machinery and Equipment	Exemption for Certain Repair and Labor Charges			X
Machinery and Equipment	Exemption for Industrial Machinery and Equipment			X
Machinery and Equipment	Exemption for Industrial Machinery and Equipment Used by a New or Expanding Business to Increase Productive Output			X
Machinery and Equipment	Exemption for Industrial Machinery and Equipment Used by Metals Recyclers			X
Machinery and Equipment	Exemption for Machinery and Equipment and Other Materials Used for Pollution Control			X
Machinery and Equipment	Exemption for Machinery and Equipment Used for Research and Development			X
Machinery and Equipment	Exemption for Machinery and Equipment Used in Semiconductor, Defense, or Space Technology Production			X
Machinery and Equipment	Exemption for Machinery and Equipment Used to Produce Electricity or Steam			X
Machinery and Equipment	Exemption for Postharvest Machinery and Equipment			X
Other Assessments Paid	Corporate Income Tax Credit		X
Other Assessments Paid	Firefighters’ Pension Trust Fund Credit		X
Other Assessments Paid	Municipal Police Officers’ Retirement Trust Fund Credit		X
Other Assessments Paid	Workers’ Compensation Administrative Assessment Credit		X
Other Taxes Paid	Florida Alternative Minimum Tax Credit (AMT)	X