Brownfields Financial Incentive Programs
- 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 up to $2,500 per job created by an eligible business (as defined in Chapter 288.107,F.S.), 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 (Florida 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 50% of the costs of voluntary cleanup activity that is integral to site rehabilitation, not to exceed $500,000 per site per year in tax credits.
- Brownfield Property Ownership Clearance Assistance Revolving Loan Trust Fund (OTTED) - Assists in helping to clear liens and address liability issues on potential Brownfield redevelopment properties.
- Qualified Target Industry (QTI) Tax Refund (OTTED/City of Jacksonville) - Available for companies that create high wage jobs in targeted high value-added industries. This incentive includes refunds on corporate income, sales, ad valorem, intangible personal property, insurance premium and certain other taxes.
- Qualified Defense and Space Contractor (QDSC) Tax Refund (OTTED/COJ) - Pre-approved applicants creating or retaining jobs in Florida may receive tax refunds of $3,000 per net new Florida full-time equivalent job created or retained; $6,000 in an Enterprise Zone or rural county.
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) - Allows businesses to deduct qualified environmental cleanup costs in the tax year the cost were incured.
- 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)
- Countywide Economic Development Fund
- Tax Increment Districts (DDA boundary)
- Section 108 Loans (HUD/COJ)
- Ad Valorem Tax Exemption for Historic Properties
- Industrial Revenue Bonds
Forms
These forms are provided in Adobe PDF formats. You must have Acrobat Reader to open these files.
Click here for a FREE download of Acrobat Reader.
Property Ownership Affidavit EXHIBIT A Template
Legal Description EXHIBIT 1 Template
Instructions to Save .pdf
Right click on the link to the document and select 'Save As' from the drop-down menu. Select the local directory as appropriate. Use the drop down arrow to select the drive where you want to save the document. Ex. C:\zoning confirmation letter.pdf.
If you need assistance opening a document or require a printed copy please contact us via phone at (904)255-7800 or via
e-mail.