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Qualified Defense Contractor Tax RefundTARGETED INDUSTRY INCENTIVES:Florida has committed to preserving and growing its high technology
employment base-giving Florida defense contractors a competitive edge in
consolidating defense contracts, acquiring new contracts, or converting
to civilian production. The Qualified Defense Contractor Tax Refund may
be up to $5,000 per job created or saved in Florida through: the
conversion of defense jobs to civilian production, the acquisition of a
new defense contract, or the consolidation of a defense contract which
results in at least a 25 percent increase in Florida employment or a
minimum of 80 jobs. Governor Bush and the 2003 Florida Legislature
enacted new legislation adding contracts and subcontracts approved by
the United States Department of Homeland Security as eligible under the
Qualified Defense Contractors (QDC) Tax Refund program.
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