Florida Capital Investment Tax Credit (2020)
| Submitted | May 13, 2020 |
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Communications
From: Todd Feathers
To Whom It May Concern:
Pursuant to the Florida Sunshine Law, I hereby request the following records:
1) Copies of all applications to transfer or assign Capital Investment Tax Credits since July 1, 2008. If DoR maintains a database of these transfers/assignments, I would happily accept a spreadsheet copy of that database in lieu of the individual transfer forms.
I ask that all fees be waived as I am a journalist (examples of my work can be found at toddfeathers.com) and I intend to use the requested records to publish article sin the public interest.
The requested documents will be made available to the general public, and this request is not being made for commercial purposes.
In the event that there are fees, I would be grateful if you would inform me of the total charges in advance of fulfilling my request. I would prefer the request filled electronically, by e-mail attachment if available or CD-ROM if not.
Thank you in advance for your anticipated cooperation in this matter. I look forward to receiving your response to this request within 10 business days.
Sincerely,
Todd Feathers
From: Florida Department of Revenue
Good afternoon,
This email is to acknowledge receipt of your public records request below. We will follow up soon.
Thank you
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From: Florida Department of Revenue
Good afternoon,
The Department of Revenue is unable to provide the information you requested, as section 213.053(2)(a), Florida Statutes, maintains that taxpayer information contained in returns, reports, accounts, or declarations received by the Department is confidential.
Generally, the Capital Investment Tax Credit (CITC) may not be transferred or sold to other businesses. However, in 2008, the CITC was amended to allow one specific type of qualifying project to transfer unused tax credits. To be eligible to transfer a tax credit, the qualifying project must be a new solar panel manufacturing facility that generated at least 400 jobs within six months after commencing operations and pay an average annual salary of at least $50,000 for the new jobs. The rest of the requirements for this specific type of project are in s. 220.191(2)(c), F.S.
The Department of Economic Opportunity's 2019 Incentives Report<https://floridajobs.org/docs/default-source/reports-and-legislation/2018-2019-annual-incentives-report---final.pdf?sfvrsn=c2a340b0_2> contains general public information on the CITC.
Thank you
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