Florida R&D Tax Credit

The Florida R&D Tax Credit is Florida's corporate income tax credit for qualified research spending, administered by the Florida Department of Revenue. It is limited to qualified target-industry businesses that first secure certification from the Florida Department of Commerce. The credit equals 10% of Florida qualified research expenses above the base amount, is capped at 50% of the company's corporate income tax liability, and sits inside a $9 million annual pool. Applications are accepted only during a seven-day March window, and oversubscribed claims are allocated pro rata; unused credit can carry forward for five years. The eligible industries are narrow, covering manufacturing, life sciences, information technology, cloud IT, aviation and aerospace, homeland security and defense, marine sciences, materials science, and nanotechnology. Companies with strong Florida research activity and the right industry certification are the best fit, because the timing window and statewide cap make preparation as important as the underlying expense base.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.