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Millions in tax credits available from the State of Florida for investing, implementing and maintaining a variety of alternative fuels including Hydrogen Fuel Cell, Biodiesel and Ethanol.

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State of Florida Infrastructure Investment Tax Credit Program

For tax years beginning on or after January 1, 2007, a credit against either the corporate income tax or the franchise tax will be granted in an amount equal to the eligible costs.

Credits may be used in tax years beginning January 1, 2007, and ending December 31, 2010, after which the credit shall expire. Eligible costs are defined as:

  • Seventy-five percent of all capital costs, operation and maintenance costs, and research and development costs incurred between July 1, 2006, and June 30, 2010, up to a limit of $3 million per state fiscal year for all taxpayers, in connection with an investment in hydrogen-powered vehicles and hydrogen vehicle fueling stations in the state, including, but not limited to, the costs of constructing, installing, and equipping such technologies in the state.
  • Seventy-five percent of all capital costs, operation and maintenance costs, and research and development costs incurred between July 1, 2006, and June 30, 2010, up to a limit of $1.5 million per state fiscal year for all taxpayers, and limited to a maximum of $12,000 per fuel cell, in connection with an investment in commercial stationary hydrogen fuel cells in the state, including, but not limited to, the costs of constructing, installing, and equipping such technologies in the state.
  • Seventy-five percent of all capital costs, operation and maintenance costs, and research and development costs incurred between July 1, 2006, and June 30, 2010, up to a limit of $6.5 million per state fiscal year for all taxpayers, in connection with an investment in the production, storage, and distribution of biodiesel (B10-B100) and ethanol (E10-E100) in the state, including the costs of constructing, installing, and equipping such technologies in the state. Gasoline fueling station pump retrofits for ethanol (E10-E100) distribution qualify as an eligible cost under this subparagraph.

In order to claim a credit on your corporate income tax return, you must first submit the following form to the Florida Energy Office to determine eligibility:

For more information about the investment tax credit program, download: