Multi-Tax Credits
Florida offers credits against multiple Florida taxes to taxpayers making
voluntary and private monetary contributions to programs established to
promote investment in Florida.
Live Local Program Tax Credit
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Allows taxpayers to make private, voluntary contributions to the
Florida Housing Finance Corporation and receive a dollar-for-dollar
credit against the following Florida taxes:
- corporate income tax
- insurance premium tax
New Worlds Reading Initiative
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Allows taxpayers to make private, voluntary contributions to an
eligible administrator and receive a dollar-for-dollar credit against
the following Florida taxes:
- corporate income tax;
- excise tax on liquor, wine, and malt beverages;
- gas and oil production tax;
- insurance premium tax; and
- use tax due under a direct pay permit.
Strong Families Tax Credit
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Allows taxpayers to make private, voluntary contributions to eligible
charitable organizations and receive a dollar-for-dollar credit
against the following Florida taxes:
- corporate income tax;
- excise tax on liquor, wine, and malt beverages;
- gas and oil production tax;
- insurance premium tax; and
- use tax due under a direct pay permit.