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TCDA Incentives

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Florida Economic Development Incentive Programs

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 Career Source 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 is 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 the 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 the 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. Tax Exemption Packet

The City of Perry

For more information regarding the City of Perry’s incentives contact: the City of Perry

The information provided above does not necessarily reflect all incentives and exemptions available. For more information regarding state, county, and/or city incentives and exemptions, please contact the appropriate agency,