Florida DOR Issues TAA on Capital Investment Tax Credit Calculation

The Florida Department of Revenue (DOR) issued a Technical Assistance Advisement (TAA) in response to a taxpayer’s request for determining the income generated by or arising out of a qualified capital investment project for purposes of the Florida Capital Investment Tax Credit. The Department concurred with the taxpayer’s proposed methodology for calculating the project’s income, which uses a three-factor apportionment method. However, the Department cautioned that if the facts provided by the taxpayer proved to be substantially different, this advisement would not apply. [Fla. Dep’t of Revenue, Technical Assistance Advisement 25C1-003M, 09/09/25]

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