Urban Advantages: Diamonds in the Rough

Credits, Refunds, Incentives
More Reasons to Locate in Urban Florida

» Business Equipment Sales Tax Refund For sales taxes paid on the purchase of certain business property used exclusively in an Enterprise Zone for at least three years.

» Building Materials Sales Tax Refund Applies to sales taxes paid on the purchase of building materials used to rehabilitate real property located in an Enterprise Zone.

» Property Tax Credit, Corporate Income Tax Credit against Florida corporate income tax equal to 96% of ad valorem taxes paid on the new or improved property.

» Sales Tax Exemption for Electrical Energy A 50% sales tax exemption on the purchase of electrical energy, if the municipality has reduced the municipal utility tax by at least 50%.

» Community Contribution Tax Credit 50% credit on Florida corporate income tax, insurance premium tax or sales tax refund for donations made to local community development projects.