The Florida Renewable Energy Technologies Investment Tax Credit

This investment tax credit allows eligible taxpayers to seek credits for corporate income taxes equal to 75% of all eligible costs. Rule 5O-2.002 of the Florida Administrative Code defines eligible costs as capital costs, operation, and maintenance costs, and research and development costs incurred between July 1, 2012, and June 30, 2016, made in connection to an investment in the production, storage, and distribution of biodiesel, ethanol, and other renewable fuels.