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R&D Tax Credit Application Period Opens March 20, 2017

Monday, March 6, 2017   (0 Comments)
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REMINDER: R&D Tax Credit Application Period Opens March 20, 2017



The Florida Department of Revenue (DOR) will begin collecting applications for the R&D Tax Credit against the Corporate Income Tax for tax year 2016 on Monday, March 20, 2017. The application will be live online until Sunday, March 26, 2017, at 11:59 PM. During that time, the amount of credits that will be awarded is $9 million, and if applications exceed the cap, will be awarded on a pro-rata basis.

Prior to applying through DOR, companies must certify through the Department of Economic Opportunity that they are a qualified targeted industry business. For additional information on how to apply, including screenshots of the application and information on how to qualify, DOR has released a "Tax Information Publication" which can be found by clicking here.

R&D Tax Credits for 2017 Tax Year

Once again, the Florida Chamber of Commerce will be pushing to increase the $9 million cap for the R&D Tax Credit during the 2017 Legislative Session. The Florida Chamber has been meeting with key legislators to discuss including R&D as a part of this year's tax package. Stay tuned for more information on this year's tax package throughout the legislative session.

Get Involved:

Contact Carolyn Johnson and share the great R&D work that you are performing in Florida or how fewer credits awarded in 2017 might impact your business at 850-521-1235 or

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BioFlorida represents 6,200 establishments and research organizations in the biopharmaceuticals, medical technology, healthIT and bioagriculture sectors that collectively employ 87,000 Floridians.


Members of the BioFlorida network include emerging and established life science companies, universities, research institutions, hospitals, medical centers, incubators, economic development agencies, investors and service providers.


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