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.
New Worlds Reading Initiative
- 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
- 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.
