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Capital Investment Tax Credit
Qualified companies that create at least 100 jobs and invest a significant amount of money are allowed a credit of up to 100 percent of certain capital costs for a specific project. The credit is claimed against corporate income tax over a 20-year period. Companies can qualify for 100 percent of eligible costs for a project of $100-million or more; 75 percent for a project of at least $50-million but less than $100-million, and 50 percent for a project of at least $25-million and less than $50-million. The governor's office has approved nine companies to get this tax break. By law, the Revenue Department cannot disclose which companies have claimed any of the credit or how much they have claimed.
Applicant
Approval Date
County New Jobs Projected Capital Investment Projected
Andrx Pharmaceuticals, Inc.
5/19/03
Broward 150 $38,000,000
BellSouth Telecommunications, Inc.
12/14/01
Statewide 411 $700,000,000
Datamed Forms & Software, Inc.
6/22/01
Broward 471 $39,600,000
Depository Trust & Clearing Coroporation
3/18/04
Hillsborough 500 $28,000,000
Jabil Circuit, Inc.
8/24/01
Pinellas 1150 $100,000,000
JPMorgan Chase
1/24/00
Hillsborough 974 $74,600,000
Lockheed Martin Space Systems Company
6/19/00
Brevard 150 $324,000,000
Ocean Optics, Inc.
8/1/01
Pinellas 275 $42,000,000
Pratt & Whitney
1/31/00
Palm Beach 1300 $75,000,000
Totals:
5,381 $1,421,000,000
Source: Governor's Office of Tourism, Trade and Economic Development

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