Financial Incentive Programs

Environmental Site Assessment Reimbursement Funding - Reimbursement for qualified Phase I environmental site assessments up to $5000. Phase II assessments 50/50 match up to $10,000.
Revolving Loan Cleanup Fund - Short & Long Term loans and leveraging for additional funding if project has secured BCRLF support.

State of Florida

Brownfields Redevelopment Bonus Refund (Enterprise Florida/Office of Tourism, Trade and Economic Development - OTTED) - Applicant will receive refunds, of $2,500 per job created, on the taxes it pays. Includes corporate income, sales, Ad Valorem, intangible personal property, insurance premium and certain other taxes.
Exemption from Sales Tax for Building Materials in Redevelopment Projects (Dept. of Revenue) - Sales taxes paid on building material purchased on or after July 1, 2000, used in the construction of housing projects or mixed-use project located in an urban high-crime area, enterprise zone, empowerment zone, Front Porch Community, designated Brownfields area or urban infill area.
Voluntary Cleanup Tax Credit (FDEP) - Applicant can receive up to 35% of the costs of voluntary cleanup activity that is integral to site rehabilitation, not to exceed $250,000 per site per year in tax credits.
BF Property Ownership Clearance Revolving Loan Trust Fund (OTTED) - Assists in helping to clear liens and address liability issues on potential BF redevelopment properties.
Qualified Targeted Industry Tax Refund (OTTED/City of Jacksonville)
Qualified Defense Contractor Tax Refund (OTTED/CoJ)

Federal Government

Brownfields Tax Incentive (EPA) - Reduces the tax burden indirectly by lowering taxable income related to eligible cleanup cost.
Environmental Cleanup Cost Deduction (EPA/IRS)
Community Development Block Grants [CDBG] (HUD)

Brownfields Legal Incentives

Environmental Liability Releases for Lenders and Redevelopers who agree to Cleanup Sites

Jacksonville Economic Development Commission Loans and Incentives (for businesses in enterprise and empowerment zones)

Forms
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