Research and Development Tax Credit Program (section 220.196, Florida Statutes) Florida provides a corporate income tax credit for eligible businesses for certain qualified research expenses.  The Florida Corporate Income Tax Credit is contingent, in part, on the eligible business having received the federal research and development tax credit. Taxpayers will be able to apply to the Florida Department of Revenue (DOR) for an allocation of the Florida Research and Development Credit beginning on March 20, 2018.

To participate in this program the corporation must claim and be allowed a research credit against federal income tax for qualified research expenses under s. 41, IRC., and be in one of the following targeted industries:

  • Aviation and Aerospace
  • Cloud Information Technology
  • Homeland Security & Defense
  • Information Technology
  • Life Sciences
  • Manufacturing
  • Marine Sciences
  • Materials Science
  • Nanotechnology

Applicants will be required to include a letter from DEO certifying the applicant is an eligible target industry business when submitting an Application for Allocation of Credit with DOR.

Please be advised that the DEO Certification letters issued in calendar years 2016, 2017 and 2018, will expire three (03) years from the date on the top of the certification letter. Companies will need to be re-certified by DEO if they plan to submit an Application for Allocation of Credit after their certifications expire. 

Here’s a chart reflecting the final application deadline to DOR for companies that were issued DEO Certification Letters in calendar years 2016, 2017 and 2018:

 DEO CERTIFICATION LETTERS ISSUED IN CALENDAR YEAR FIRST APPLICATION DEADLINE FOR DOR  SECOND APPLICATION DEADLINE FOR DOR  THIRD APPLICATION DEADLINE FOR DOR 
 2016  3/26/2016  3/26/2017  3/26/2018
 2017  3/26/2017  3/26/2018  3/26/2019
 2018  3/26/2018  3/26/2019  3/26/2020

New applicants will be required to complete and submit a new DEO Certification Request Form.

Applicants may obtain and return the DEO Certification Request by sending an e-mail message to:

DEO must receive this certification request on or before 5:00 pm (Eastern Standard Time) on Tuesday, February 28, 2018. 

The DOR website contains information on this program, including application and tax credit program requirements.  The DOR may be contacted by telephone at (800) 352-3671. Find out more about this tax credit program and the requirements in Tax Information Publication (TIP) 16C01-01.

For further information, please contact:
Burt C. Von Hoff
Department of Economic Opportunity
Division of Strategic Business Development
107 East Madison Street; MSC 80
Tallahassee, Florida  32399
Phone: 850-717-8974
Fax: 850-410-4770
E-mail: DEOcertificationrequest@deo.myflorida.com

Contacts

  • Burt Von Hoff

    (850) 717-8974
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