Sarasota Enterprise Zone (EZ)

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Florida Enterprise Zone Program expired December 31, 2015

Community Contribution Tax Credit Program has been extended through June 30, 2019

2015 Legislative Changes

Community Contribution Tax Credit Against Sales and Use Tax, Corporate Income Tax, or Insurance Premium Tax has been extended through June 30, 2019. The credit has been expanded to include donations made to provide housing opportunities for persons with special needs, as defined in Section 420.0004, Florida Statutes (F.S.).

Before donating for which you will be claiming a credit, please be sure it will qualify. A list of eligible organizations is available from the Department of Economic Opportunity (DEO). To receive approval, a business donating to an eligible sponsor must submit a tax credit application to DEO. To claim the tax credit, attach proof of the approved donation when you file your state tax return. To claim a sales tax refund, you will need to submit a Sales and Use Tax Application for Refund (DR-26S).

Florida Business Donations to projects that would have qualified previously will continue to be eligible for the credit if the projects are in an area that was located in an enterprise zone pursuant to section 290.0065, F.S., as of May 1, 2015. Donations to eligible sponsors receive up to 50% in sales tax credit, corporate tax refunds and insurance credit. The annual maximum tax credit per business is $200,000.

Approved community development projects in the Sarasota are:

  • Ringling College of Art & Design
  • The Pines of Sarasota
  • Robert L. Taylor Community Complex

More Information

For more information concerning specific benefits of the CCTCP, please contact:

Enterprise Zone Coordinator, Dru Jones
Phone: 941.365.2200, Ext. 3222
Email dru.jones@sarasotagov.com.

or

Burt C. Von Hoff, Special Programs Manager
Florida Department of Economic Opportunity - Division of Strategic Business Development
107 E. Madison Street Caldwell Building, MSC 80
Tallahassee, FL 32399
Phone: 850.717.8974
Fax: 850.410.4770
Email: Burt.Vonhoff@deo.myflorida.com
www.floridajobs.org

Contact Us

1782 Dr. Martin Luther King, Jr. Way
Sarasota, FL 34234
Telephone: (941) 365-2200, Ext. 3220