Tuesday, January 18, 2011

Florida Voluntary Cleanup Tax Credit Application Deadline - January 31, 2011

For site rehabilitation applications, the annual application deadline is January 31, or the following business day, of the year following the calendar year for which an applicant is claiming site rehabilitation costs. Therefore, all site rehabilitation costs incurred during 2010 must be claimed in an application submitted to the Division of Waste Management by January 31, 2011. No prior year costs can be claimed in an annual site rehabilitation tax credit application.


Tax Credit Type
Site
Rehabilitation
Site
Rehabilitation
Completion
Order (NFA)
Bonus
Affordable
Housing
Bonus
Health
Care
Bonus
Solid
Waste
Application Frequency Annually Once Once Once Once
Maximum Credit for Costs Incurred and Paid from 07/01/1998 to 06/30/2006 35%;
$250,000
10%;
$50,000
N/A N/A N/A
Maximum Credit for Costs Incurred and Paid after 06/30/2006 50%;
$500,000
25%;
$500,000
25%;
$500,000
N/A 50%;
$500,000
Maximum Credit for Costs Incurred and Paid after 12/31/2007 50%;
$500,000
25%;
$500,000
25%;
$500,000
25%;
$500,000
50%;
$500,000

MORE INFORMATION