Florida’s first-come, first-served R&D credit applications accepted starting March 20, 2014

State and Local Tax
​The Florida research credit was first introduced last year, and the second year of reporting is due March 20, 2014. Florida taxpayers engaged in target industry businesses may qualify for a research and development expense credit measured by qualified research expenses incurred in 2013. These credits are awarded on a first-come, first-served basis. Note that last year the available funds were gone for applicants on March 21, 2013.

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