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Florida Capital Investment Tax Credit (CITC)

Florida Department of Revenue (FL DOR)FL-CITCRefreshed 1 month ago
Do I qualify?
Who can apply

Businesses

Government-funded

Max funding

Varies

Amount varies

Type

Tax Credit

Reduces tax liability

Deadline

Rolling

No fixed cutoff

Timing

Annual tax return

Claim with year-end filing

Complexity

Moderate

File with tax return

About This Program

Annual corporate income tax credit of 5% of eligible capital costs for high-impact facilities investing at least $25 million in semiconductor technology, defense, or data center projects in Florida. Credit can offset up to 100% of tax liability and be carried forward 20 years.

Key Requirements & Eligibility

  • 1Minimum $25 million capital investment in qualifying facility
  • 2Eligible sectors: semiconductor technology, defense, aviation/aerospace, data centers
  • 3Annual credit: 5% of eligible capital costs
  • 4Credit usable for up to 20 years
  • 5Must create minimum 100 new full-time jobs

Do I qualify?

Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Minimum $25 million capital investment in qualifying facility

2.Eligible sectors: semiconductor technology, defense, aviation/aerospace, data centers

3.Annual credit: 5% of eligible capital costs

4.Credit usable for up to 20 years

5.Must create minimum 100 new full-time jobs

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