Florida's Tax Foundation
Florida is one of the top states for business — and the reasons are structural, not promotional. No personal income tax, no corporate franchise tax on capital stock, no sales tax on manufacturing equipment. The baseline tax advantage is significant before the first negotiation even begins.
0%
State personal income tax
0%
Corporate tax on S-Corps & LLPs
11
Florida tax advantages over competing states
Up to $3M
Economic Development Transportation Fund
20 Yrs
Capital Investment Tax Credit eligibility
7
Counties with coordinated local incentive access
No
corporate income tax on limited partnerships
No
corporate income tax on subchapter S-corporations
No
state personal income tax
No
corporate franchise tax on capital stock
No
state-level property tax assessed
No
property tax on business inventories
No
sales tax on manufacturing machinery and equipment
No
property tax on goods-in-transit for up to 180 days
No
sales/use tax on goods manufactured in Florida for export
No
sales tax on raw materials incorporated in a final product for resale
No
sales/use tax on cogeneration of electricity
Regional Incentive Programs
For businesses that relocate or expand in the Jacksonville region, particularly those in targeted industries, state and local incentive programs can significantly reduce the cost of capital investment, workforce training and infrastructure. JAXUSA works directly with companies to identify which programs apply to you and guides the qualification process from the first conversation through close.
STATE + LOCAL
Recapture Enhanced Value (REV) Grant
A locally administered incentive structured as a rebate on net new county and city property taxes. The REV Grant is negotiated directly between the qualifying company and local government, making it one of the most flexible tools in the regional incentive package for capital-intensive projects.
State
Quick Response Training (QRT)
Reimburses qualifying expenses for new or expanding businesses, covering instructor wages, curriculum development and training materials. QRT is designed to accelerate workforce readiness from day one of operations — a direct cost offset for companies bringing new job categories to the region.
State
High Impact Performance Incentive (HIPI) Grant
Targeted grants for pre-approved businesses in high-impact sectors. Award structure: 50 percent of the eligible grant upon commencement of operations, with the remaining balance released upon achieving full employment and capital investment benchmarks.
State
Economic Development Transportation Fund
Awards of up to $3 million for companies whose expansion plans are affected by a transportation infrastructure constraint. Awards are scaled to the level of investment and job creation, and are designed to remove a physical barrier — not subsidize routine site preparation.
State
Capital Investment Tax Credit (CITC)
An annual corporate income tax credit available for up to 20 years for qualifying capital projects with a minimum of $25 million in capital costs and a commitment to create at least 100 jobs. CITC is among Florida’s most significant long-term incentive instruments for large-scale investment.
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JAXUSA Guides Your Path to Incentives
Incentive qualification is not left for you to figure out. Programs have specific eligibility requirements, application windows, capital thresholds and job creation benchmarks that vary by program, project type and county. JAXUSA Partnership manages that complexity on your behalf — from initial feasibility assessment through final award.
01
Discovery
We will review your project to identify which state and local programs your company qualifies for.
02
Application & Coordination
We work directly with state and county economic development offices to position your application and align documentation requirements across multiple programs where applicable.
03
Ongoing Support
We stay engaged throughout, ensuring companies meet performance benchmarks and maintain access to awarded incentives over time.
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