Capital Investment Tax Credit

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Capital Investment Tax Credit (CITC)


The program offers an annual credit against the corporate income tax for up to 20 years in an amount equal to 5% of the eligible capital costs generated by a qualifying project. The business must apply and be certified by the state of Florida prior to the commencement of operations.  The business must be in a designated high impact sector, create at least 100 new jobs in Florida, and make a cumulative capital investment of at least $25 million. (s. 220.191, F.S.)