Infrastructure Investment Tax
Credit Program
As quoted from State of Florida Energy website:
For tax years beginning on or after January 1, 2007, a credit against either the corporate income tax or the franchise tax will be granted in an amount equal to the eligible costs. Credits may be used in tax years beginning January 1, 2007, and ending December 31, 2010, after which the credit shall expire.
Eligible costs are defined as:
■ Seventy-five percent of all capital costs, operation and maintenance costs,
research and development costs incurred between July 1, 2006,
and June 30, 2010. There is up to a limit of $3 million per state fiscal year
for all taxpayers, in connection with an investment in hydrogen-powered
vehicles and hydrogen vehicle fueling stations in the state, including, but
not limited to, the costs of constructing, installing, and equipping such
technologies in the state.
■ Seventy-five percent of all capital costs, operation and maintenance costs,
and research and development costs incurred between July 1, 2006, and
June 30, 2010, up to a limit of $1.5 million per state fiscal year for all
taxpayers, and limited to a maximum of $12,000 per fuel cell, in connection
with an investment in commercial stationary hydrogen fuel cells in the
state, including, but not limited to, the costs of constructing, installing, and
equipping such technologies in the state