Florida consistently ranks as the #1 business tax climate in the Southeast. Florida offers bottom-line advantages for long term profitability for all types of businesses. Florida also offers tax credits, refunds, and other incentives to promote business development and job creation.
Find more information about Florida Sales and Use Tax Incentives below:
The Qualified Target Industry Tax Refund (QTI) is available for companies that create high wage jobs in targeted high value-added industries. This incentive includes refunds on corporate income, sales, ad valorem, intangible personal property, insurance premium, and certain other taxes.
The Capital Investment Tax Credit is used to attract and grow capital-intensive industries in Florida. It is an annual credit, provided for up to twenty years, against the corporate income tax. Eligible projects are those in designated high-impact portions of the following sectors: advanced manufacturing, clean energy, biomedical technology, financial services, information technology, silicon technology, transportation equipment manufacturing, or be a corporate headquarters facility. Projects must create a minimum of 100 jobs and invest at least $25 million in eligible capital costs.
Quick Response Training (QRT) is an employer driven training program designed to assist new value-added businesses and provide existing Florida businesses the necessary training for expansion. A state educational facility is available to assist with application and program development or delivery. The educational facility will also serve as fiscal agent for the project.
Incumbent Worker Training is a program that provides training to currently employed workers to keep Florida's workforce competitive and to retain existing businesses. The program is available to all Florida's businesses that have been in operation for at least one year prior to application and require skills upgrade training for existing employees.