Florida Property Tax Calculator - Excel by tvy20041

VIEWS: 0 PAGES: 8

More Info
									                                                          Introduction
                 Enter numbers in the blue boxes only. Answers will be calculated automatically.


This calculator is designed to show business owners the dollar benefits of locating within an Enterprise Zone in the
state of Florida. Click on the title of the incentive below to calculate the estimated benefits for that incentive.

Please complete the information on this page, as it will be used throughout the various incentives in the calculator.


         a. Total number of permanent, full-time employees who are Enterprise
            Zone Residents                                                                a.
         b. Total number of permanent, full-time employees who are not
            Enterprise Zone Residents                                                     b.
         c. Total number of permanent, full-time employees                                c.
         d. Percentage of permanent, full-time employees residing in
            Enterprise Zones                                                              d.
         e. Is your business located within a rural county                                e.


                              This calculator was designed for ESTIMATION PURPOSES ONLY.
                                 Summary of Total Tax Credits



       EZ Property Tax Credit                              $         -
       EZ Jobs Credit                                      $         -
       Building Materials Tax Refund                       $         -
       Community Contribution Credit                       $         -
       Electrical Energy Exemption                         $         -
       Business Equipment Tax Refund                       $         -


                                Total Tax Credits          $         -




NOTE: This is an estimate only of the potential tax credits available for locating in an
  Enterprise Zone. Please consult an accountant for the exact credit calculations.
                                  Enterprise Zone Property Tax Credit (Corporate Income Tax)

                     Enter numbers in the blue boxes only. Answers will be calculated automatically.

Qualification for Credit (Complete either Sections 1,2, or 3 below as it applies to your business)
  1. New business located in an enterprise zone:
           a. Total number of full-time employees employed throughout the
               current tax year for which the credit is claimed.                                               a.                   0
           b. Total number of employees employed throughout the tax year
               preceding the tax year that the credit was initially granted.                                   b.
           c. Total number of additional full-time employees throughout the
               current tax year for which the credit is claimed.                                               c.                   0
           d. Does your business qualify?                                                                      d.                 No
  2. Expansion of an existing business in an enterprise zone:
           a. Total number of full-time employees employed throughout the
               current tax year for which the credit is claimed                                                a.                   0
           b. Total number of full-time employees employed throughout the tax
               year preceding the tax year that the credit was initially granted                               b.
           c. Total number of additional full-time employees throughout the
               current tax year for which the credit is claimed                                                c.                   0
           d. Does your business qualify?                                                                      d.                 No
  3. Rebuilding of an existing business located in an enterprise zone
           a. Number of employees who are residents of an enterprise zone                                      a.                0
           b. Total number of employees                                                                        b.                0
           c. Does your business qualify?                                                                      c.          #DIV/0!



Credit allowable for ad valorem taxes paid this year
     Enter below the amount of credit allowable for ad valorem taxes paid this year.

                                        Estimated Tax Levied Estimated Tax Levied on
                                         on Assessments for   Assessments for this
      Ad Valorem tax on:                      last year               year                Incremental Difference
      Real Property                                                                      $                    -
      Tangible Personal Property                                                         $                    -


      Ad Valorem Tax Difference                                                                                     $          -
               Tax year limitation                                                                                  $   25,000.00       $ 25,000.00
               Potential Tax Credit                                                                                 $          -
                                                                     Total Tax Refund*                              $         -

*Potential tax credit may be carried forward for the next 5 years.




  NOTE: This is an estimate only of the potential tax credits available for locating in an
    Enterprise Zone. Please consult an accountant for the exact credit calculations.
                                                             Enterprise Zone Jobs Credit

                               Enter numbers in the blue boxes only. Answers will be calculated automatically.

Qualifications for credit
     a. Total number of permanent, full-time jobs on the date of application                    a.               0
     b. Total number of permanent, full-time jobs for each of the 12 months prior to the date   b.
        of the application
        Does your business qualify?                                                             c.              No


Complete the information as it applies to your employees. Your business may qualify for more than one credit.
                                  Total        Average
                                Number of      Monthly
                                 Eligible    Wages per      Total
                               Employees      Employee     Months      Total Wages           Credit Amount
       Business in Urban
       Enterprise Zone                                              $              -     $                  -        0.2
       Business in Rural
       Enterprise Zone                                              $              -     $                  -        0.3


                                              Total Credits Received                                 $     -




       NOTE: This is an estimate only of the potential jobs credits available for locating in an
         Enterprise Zone. Please consult an accountant for the exact credit calculations.
                                            Building Materials Sales Tax Refund
                Enter numbers in the blue boxes only. Answers will be calculated automatically.

         Building Material Sale Price            State Sales Tax Paid
                                               $                    -
                                               $                    -
                                               $                    -
                                               $                    -
                                               $                    -
                         $              -     Total       $         -


a. Amount of Sales Tax Eligible for Refund                                        a. $        -
b.
   Percentage of permanent, full-time employees residing in Enterprise Zones      b.            0%
c. Maximum Amount of Tax Refund                                                   c.     $   5,000   5000

                                              Total Amount of Tax Refund               $      -




NOTE: This is an estimate only of the potential tax refunds available for locating in an
  Enterprise Zone. Please consult an accountant for the exact refund calculations.
                                               Electrical Energy Exemption

              Enter numbers in the blue boxes only. Answers will be calculated automatically.

     a. Percentage of exemption allowed                                      a.         50%
     b. Value of the state sales tax paid on electrical utility usage        b.

                                            Total Amount of Exemption             $     -




NOTE: This is an estimate only of the potential exemptions available for locating in an
  Enterprise Zone. Please consult an accountant for the exact refund calculations.
                                       Community Contribution Credit
          Enter numbers in the blue boxes only. Answers will be calculated automatically.

       a. Amount of contribution                                       a.
       b. Amount eligible for credit                                   b. $           -

                                            Total Amount of Credit       $           -




NOTE: This is an estimate only of the potential credits available for locating in an
Enterprise Zone. Please consult an accountant for the exact refund calculations.
                                      Business Equipment Sales Tax Refund
             Enter numbers in the blue boxes only. Answers will be calculated automatically.

      Business Equipment Sale Price           State Sales Tax Paid
                                            $                    -
                                            $                    -
                                            $                    -
                                            $                    -
                                            $                    -
                     $                 -   Total       $         -


                     Amount of Sales Tax Eligible for Refund                    $             -
                     Maximum Amount of Tax Refund                               $        5,000.00

                                           Amount of Tax Refund                  $             -



NOTE: This is an estimate only of the potential tax refunds available for locating in an
  Enterprise Zone. Please consult an accountant for the exact refund calculations.

								
To top