Are you familiar with Economic Incentives?
Has your business participated in any tax incentives in the past?
For those of you who are unfamiliar with tax incentives, here is a simple explanation of what an economic development incentive is:
Economic incentives are simply tax breaks provided by the government to stimulate the local economy and encourage business growth. Economic incentives are commonly available as tax refunds, tax credits, or grant reimbursements. There are a number of Florida tax incentives, which include tax refunds like QTI (Qualified Tax Refund) and Brownfield Redevelopment; discretionary payment programs like Quick Action Closing Fund (QACF) and HIPI (High Impact Performance Incentives); tax credits like Enterprise Zone, Capital Investment and Commmunity Contribution Tax Credit (CCTCP); and training grants like Incumbent Worker Training (IWT) and Quick Response Training (QRT).
Other programs include, but are not limited to The Economic Gardening and Black Business Loan Programs.
No comments:
Post a Comment