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Voluntary Cleanup Tax Credit

In 1998, the Florida Legislature created the Voluntary Cleanup Tax Credit (VCTC) to encourage participants to conduct voluntary cleanup of certain drycleaning solvent contaminated sites and brownfield sites in designated brownfield areas. Participants may be private or public entities, but they must meet the eligibility criteria established under Sections 376.3078, 376.30781, and 376.82, F.S, as applicable, and they must enter into either a Voluntary Cleanup Agreement, for drycleaning solvent cleanup, or a Brownfield Site Rehabilitation Agreement. Tax credit certificates are awarded by the Florida Department of Environmental Protection from an annual $10 million authorization and are valid against Florida Corporate Income Tax. Tax credit awards in excess of $10 million for any given fiscal year are issued from the next available tax credit authorization. The table below summarizes the available types of tax credits. Please see Section 376.30781, F.S., for more detailed information.


Tax Credit Type
Application Frequency
Maximum Credit for Costs Incurred and Paid from 07/01/1998 to 06/30/2006
Maximum Credit for Costs Incurred and Paid after 06/30/2006
Maximum Credit for Costs Incurred and Paid after 12/31/2007
Site Rehabilitation
Annually
35%; $250,000
50%; $500,000
50%; $500,000
Site Rehabilitation Completion Order (NFA) Bonus
Once
10%; $50,000
25%; $500,000
25%; $500,000
Affordable Housing Bonus
Once
N/A
25%; $500,000
25%; $500,000
Health Care Bonus
Once
N/A
N/A
25%; $500,000
Solid Waste
Once
N/A
50%; $500,000
50%; $500,000

Application Deadline: For site rehabilitation applications, the annual application deadline is January 31 (or the following business day if January 31 falls on a weekend) of the year following the calendar year for which an applicant is claiming site rehabilitation costs. Therefore, all site rehabilitation costs incurred during 2017 must be claimed in an application submitted to the Division of Waste Management by January 31, 2018. No prior year costs can be claimed in an annual site rehabilitation tax credit application.

Links to Other Guidance and Forms


For additional information, please contact Scott Sweeney
Scott.L.Sweeney@dep.state.fl.us or 850-245-8958

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Last Modified:
December 27, 2017 - 10:55am

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