$1.5M
per applicant
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Tax refunds for Florida defense contractors and space flight businesses that create new jobs exceeding $44,200/year average wages. Refunds of sales, use, and corporate income taxes based on new jobs created, supporting Florida's position as a hub for aerospace and defense.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Qualified defense contractor or space flight business in Florida
2.Must create minimum 100 new jobs paying above $44,200/year
3.Refund per new job: up to $3,000/year for 5 years
4.Application to DEO prior to project commencement
5.Annual reporting of employment levels required
ODOC · Oklahoma
Quarterly cash payments of up to 5% of new payroll for qualifying Oklahoma businesses, supporting companies that create quality jobs with health benefits in targeted industries.
FL DOR · Florida
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.
DEO · Florida
Pre-approved tax refunds for qualifying Florida businesses in high-value industries creating jobs above the county average wage, with base refunds of $3,000 per job and bonuses for higher wages and rural locations.