QUALIFIED TARGET INDUSTRY TAX REFUND (QTI)(Industry Listing) Award made to businesses, which serve multi-state and/or international markets and are able to locate in other states. What? Tax Refund $3,000 per job ($6,000 in a rural county or enterprise zone) Increased per job award for high wages. Why? To encourage quality job growth in targeted high value-added businesses. How? Be in a target industry. * Demonstrate that the tax refund is necessary for the business to locate or expand in the community. Pay an average annual wage that is at least 115% of the state, MSA (metropolitan statistical area), or county wage (whichever is lowest.) Requirement may be waived for rural or enterprise zone projects in special situations. Create at least 10 new Florida jobs. If an expansion project, increase employment by at least 10 %. Requirement may be waived for rural or enterprise zone projects in special situations. Show that the jobs make a significant economic contribution to the area economy. Provide a resolution from the city or county commission recommending the applicant for the incentive and committing the community to provide a local match equaling 20% of the total tax refund. If located in a Rural County, the business may elect to be exempt from the local match and accept a refund equal to 80 percent of the refund for which they would otherwise qualify. *TARGET INDUSTRIES LIST BY 2-DIGIT SIC APPAREL AND OTHER TEXTILES (22, 23) BUSINESS SERVICES (73) CHEMICALS AND ALLIED PRODUCTS (28) COMMUNICATIONS (48) CORPORATE HEADQUARTERS (88) ELECTRONIC AND OTHER ELECTRIC EQUIPMENT (36) FABRICATED METAL PRODUCTS (34) FOOD AND KINDRED PRODUCTS (20) FURNITURE AND FIXTURES (25) HOLDING AND OTHER INVESTMENT OFFICES (67) INDUSTRIAL MACHINERY AND EQUIPMENT (35) INSTRUMENTS AND RELATED PRODUCTS (38) INSURANCE CARRIERS (63) LUMBER AND WOOD PRODUCTS (24) MISCELLANEOUS MANUFACTURING (38) MOTION PICTURES - Only motion picture sound recording and reproducing studios (78) NON-DEPOSITORY CREDIT INST. (61) PAPER AND ALLIED PRODUCTS (26) PRIMARY METAL INDUSTRIES (33) PRINTING AND PUBLISHING (27) RESEARCH AND DEVELOPMENT (87) RUBBER AND MISC. PLASTICS (30) SECURITY AND COMMODITY BROKERS (62) STONE, CLAY AND GLASS (32) TRANSPORTATION EQUIPMENT (37) WHOLESALE DISTRIBUTION (50, 51) *TARGET INDUSTRIES LIST BY NAICS Manufacturing Food & Kindred Products Textile Mill Products Apparel & Other Textile Products Lumber & Wood Products Furniture & Fixtures Paper & Allied Products Printing & Publishing Chemicals & Allied Products Rubber & Miscellaneous Plastics Products Stone, Clay, Glass, & Concrete Products Primary Metal Industries Fabricated Metal Product Industrial Machinery & Equipment Electrical & Electronic Equipment Transportation Equipment Instruments & Related Products Miscellaneous Manufacturing Industries Transportation, Communications, Electric, Gas, & Sanitary Services Communications Wholesale Trade Durable Goods Nondurable Goods Retail Trade None Finance, Insurance, & Real Estate Nondepository Credit Institutions Security & Commodity Brokers, Dealers, Exchanges & Services Insurance Carriers Holding & Other Investment Offices Services Business Services Motion Pictures (Production Studios) Engineering, Accounting, Research, Management & Related Service |
