Published on: 9399414. The Department proposes to amend Chapter 62-788, F.A.C., to incorporate statutory changes to Sections 199.1055, 220.1845, and 376.30781, F.S. The statutory provisions clarified the Voluntary Cleanup Tax Credit (VCTC) application process and allowed an increase in the available tax credit types, percentages and amounts. The statutes also clarified provisions governing VCTC certificates and repealed the use of VCTC credits towards Intangible Personal Property Tax.
Published on: 9264002. The Voluntary Cleanup Tax Credit Program has been expanded and clarified by statute, and the department proposes to clarify some existing requirements based on experience in implementing the program since the rule was initially adopted. The Chapter 62-788, F.A.C., rules names are amended as follows: Rule 62-788.100, F.A.C.: Applicability and Limitations; Rule 62-788.150, F.A.C.: Referenced Guidelines; Rule 62-788.200, F.A.C.: Definitions; Rule 62-788.300, F.A.C.: Site Rehabilitation Voluntary Cleanup Tax Credit Application Process; Rule 62-788.310, F.A.C.: Affordable Housing Voluntary Cleanup Tax Credit Application Process; Rule 62-788.320, F.A.C.: Health Care Voluntary Cleanup Tax Credit Application Process; Rule 62-788.330, F.A.C.: Solid Waste Removal Voluntary Cleanup Tax Credit Application Process; Rule 62-788.400, F.A.C.: Eligibility Determination; and Rule 62-788.900, F.A.C.: Forms. The changes to Chapter 62-788, F.A.C., will incorporate or introduce the following at eligible sites: an increase in the per-site tax credit award amount and percentage for site rehabilitation; the requirements for issuance of a one-time tax credit award for affordable housing, for a health care facility or health care provider, and for solid waste removal; the tax credit application submittal and review requirements, and the corresponding deadlines; the tax credit application supporting documentation and payment requirements and the process for correcting a completeness deficiency; new definitions; updates to terminology and to existing definitions; and clarification about the useful life of issued tax credit certificates.
; Friday, November 5, 2010, 1:00 p.m. – 4:00 p.m.
; Bob Martinez Center, 2600 Blair Stone Road, Room 609, Tallahassee, FL 32399
Published on: 5915853. The Voluntary Cleanup Tax Credit Program has been expanded and clarified by statute, and the department proposes to clarify some existing requirements based on experience in implementing the program since the rule was initially adopted. The Chapter 62-788, F.A.C., rules names are amended as follows: 62-788.100: Applicability and Limitations; 62-788.150: Referenced Guidelines; 62-788.200: Definitions; 62-788.300: Site Rehabilitation Voluntary Cleanup Tax Credit Application Process; 62-788.310: Affordable Housing Voluntary Cleanup Tax Credit Application Process; 62-788.320: Health Care Voluntary Cleanup Tax Credit Application Process; 62-788.330: Solid Waste Removal Voluntary Cleanup Tax Credit Application Process; 62-788.400: Eligibility Determination; and 62-788.900: Forms. The changes to Chapter 62-788, F.A.C., will incorporate or introduce the following at eligible sites: an increase in the per-site tax credit award amount and percentage for site rehabilitation; the requirements for issuance of a one-time tax credit award for affordable housing, for a health care facility or health care provider, and for solid waste removal; the tax credit application submittal and review requirements, and the corresponding deadlines; the tax credit application supporting documentation requirements and the process for correcting a completeness deficiency; new definitions; updates to terminology and to existing definitions; and clarification about the useful life of issued tax credit certificates.; Tuesday, August 26, 2008, 9:00 A.M.; The Bob Martinez Center, 2600 Blair Stone Road, Tallahassee, Florida, 32399-2400 (Conference Room 609)
Published on: 4443878. The Voluntary Cleanup Tax Credit Program has been expanded and clarified by statute, and the department proposes to clarify some existing requirements based on experience in implementing the program since the rule was initially adopted. The changes to Chapter 62-788, F.A.C., will incorporate or introduce the following at eligible sites: an increase in the per-site tax credit award amount and percentage for site rehabilitation; requirements for issuance of a one-time tax credit award when use of the brownfield site is limited to affordable housing; requirements for issuance of a one-time tax credit when solid waste is removed, transported and disposed of in accordance with department rules; extension of the application deadline from December 31 to January 15; extension of the site rehabilitation certificate issuance deadline from March 1 to March 31; updates in terminology and definitions for consistency and clarity; clarification of the useful life of issued tax credit certificates; clarification that applications must be complete by the submittal deadline and that placeholder applications are not accepted; allowance of tax credits for site rehabilitation conducted prior to brownfield area designation or the execution of the applicable voluntary cleanup agreement or brownfield site rehabilitation agreement.; Tuesday, August 28, 2007, 9:00 A.M.; Marjory Stoneman Douglas Building, 3900 Commonwealth Boulevard, Tallahassee, Florida, 32399-3000 (Conference Room A)
Published on: 588031. The Voluntary Cleanup Tax Credit Program has been expanded and clarified by statute, and the department proposes to clarify some existing requirements based on experience in implementing the program since the rule was initially adopted. The changes included in Chapter 62-788, F.A.C., will describe how the Voluntary Cleanup Tax Credit program has been expanded to include additional types of credits, how the applications will be reviewed, and how the tax credit awards will be calculated.