The Florida Enterprise Zone Program offers an assortment of tax incentives to businesses that choose to create employment within an enterprise zone, which is a specific geographic area targeted for economic revitalization. Tax incentives include a sales and use tax credit, tax refund for business machinery and equipment used in an enterprise zone, sales tax refund for building materials used in an Enterprise Zone, and a sales tax exemption for electrical energy used in an enterprise zone. Local governments can provide additional incentives for a zone located within their boundaries.
At the local level an enterprise zone is governed by an Enterprise Zone Development Agency. The Enterprise Zone Development Agency also appoints a local enterprise zone coordinator that maintains the day-to-day operations of the zone. The local coordinator is responsible for verifying enterprise zone addresses. All tax incentive applications must be certified at a local office before the applications are sent to the Department of Revenue to be processed.
The Florida Department of Revenue is responsible for processing all enterprise zone tax incentive applications. Representatives from the Department of Revenue provide technical assistance on the eligibility requirements to businesses and to local enterprise zone coordinators.
The Florida Enterprise Zone Program will expire on December 31, 2015. The Florida Department of Revenue has issued a Tax Information Publication (No: 15ADM-04) that addresses how each specific Enterprise Zone incentive will be processed in respect to the December 31, 2015 expiration date. A link to the publication is listed below.