Voluntary Cleanup Tax Credits (VCTC)

About this opportunity

Tax credits provided to encourage participants to conduct voluntary cleanup of certain dry cleaning 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, Florida Statutes, 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 $35 million authorization and are valid against Florida corporate income tax. Tax credit awards in excess of $35 million for any given fiscal year are issued from the next available tax cred...