State – for more information regarding the incentives and exemptions listed below contact, Enterprise Florida (except where otherwise indicated).
Targeted Industry Incentives
-
CITC (Tax Credit) – Capital Investment Tax Credit
Workforce Training Incentives (visit CareerSource Florida)
- QRT (Job Training) – Quick Response Training
- IWT (Job Training) – Incumbent Worker Training
Special Opportunity Incentives
- Rural
- Brownfield
Tax Advantages & Exemptions
- NO corporate income tax on limited partnerships
- NO corporate income tax on subchapter S-corporations
- NO state personal income tax guaranteed by constitutional provision
- NO corporate franchise tax on capital stock
- NO state-level property tax assessed
- NO property tax on business inventories
- NO property tax on goods-in-transit for up to 180 days
- NO sales and use tax on goods manufactured or produced in Florida for export outside the state
- NO sales tax on purchases of raw materials incorporated in a final product for resale, including non-reusable containers or packaging
- NO sales/use tax on co-generation of electricity
Sales and Use Tax Exemptions
- Machinery and equipment used by a new or expanding Florida business to manufacture, produce or process tangible personal property for sale
- Labor, parts and materials used in repair of and incorporated into machinery and equipment
- Electricity used in the manufacturing process
- Certain boiler fuels (including natural gas) used in the manufacturing process
- Semiconductor, defense and space technology-based industry transactions involving manufacturing equipment
- Machinery and equipment used predominantly in research and development
- Labor component of research and development expenditures
- Commercial space activity — launch vehicles, payloads and fuel, machinery and equipment for production of items used exclusively at Spaceport Florida
- Aircraft parts, modification, maintenance and repair, sale or lease of qualified aircraft
- Production companies engaged in Florida in the production of motion pictures, made for television motion pictures, television series, commercial music videos or sound recordings.
Taylor County – The Taylor County Ad Valorem Property Tax Exemption Advisory Information and Application Packet can be downloaded by clicking HERE.
City of Perry – for more information regarding the City of Perry’s incentives contact: City of Perry