Instructions For Completing Form F-1156z - Florida Enterprise Zone Jobs Credit Certificate Of Eligibility For Corporate Income Tax - Florida Department Of Revenue
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2F-1156ZN
Instructions for Completing Form F-1156Z
R. 02/03
Florida Enterprise Zone Jobs Credit
Certificate of Eligibility for Corporate Income Tax
Effective January 1, 2002
General Instructions
Specific Instructions
Who must file? Every business claiming the enterprise zone
Part I. Demonstration of New Jobs Created
jobs credit for employees hired after October 1, 2001, shall
complete and attach Form F-1156Z, along with all applicable
Complete Part I to determine if the business is eligible to claim
schedules, to its corporate tax return for each tax year in which
the enterprise zone jobs credit against corporate income tax.
the credit is claimed.
Line 1. Enter the number of permanent, full-time jobs on the
When may a business take the credit? The provisions
date of application. Employees in these jobs must have worked
allowing the credit shall expire and be void after June 30, 2005.
at least three (3) months and average at least 36 hours per
This credit is not available if the business claims the
week.
enterprise zone jobs credit against sales tax.
Line 2. Add the number of permanent, full-time jobs for each of
Who may qualify for the credit? Corporations that are subject
the 12 months prior to the date of the application and divide this
to the Florida Corporate Income Tax Code, increase the average
sum by 12. Employees holding jobs included in this computation
number of full-time jobs in an enterprise zone, and employ
must have worked at least three (3) months and have averaged
qualified new employees are eligible for the credit. A “new
at least 36 hours per week.
employee” is an employee who begins employment after
October 1, 2001, and fits in one of the following categories:
Line 3. Subtract the amount on Line 2 from the amount on
Line 1 and enter the result on Line 3. If the amount on Line 3 is
•
Is a resident of a Florida enterprise zone and works in a
zero or less, the corporation is not eligible to claim the credit.
Florida enterprise zone for a qualified business located in a
Florida enterprise zone. Welfare transition program
Explanation of Credits and Schedules
participants are not required to reside in an enterprise zone
to be eligible, but must meet all other eligibility criteria.
Business in Enterprise Zone - 20 Percent Credit
(Use Schedule A)
•
Is a resident of a rural county in Florida, and works in a
To qualify, the business must be located in a Florida enterprise
Florida rural enterprise zone for a qualified business located
zone and new employees must reside in a Florida enterprise
in a Florida rural enterprise zone.
zone.
•
Is a leased employee who is a resident of a Florida
Business in Enterprise Zone – 30 Percent Credit
enterprise zone or a rural county in Florida, and works in a
(Use Schedule B)
Florida enterprise zone or Florida rural enterprise zone for a
To qualify, the business must be located in an enterprise zone,
qualified business located in a Florida enterprise zone or
new employees must reside in an enterprise zone, and 20
Florida rural enterprise zone. Qualified leased employees
percent of all full-time employees must reside in an enterprise
must have been employed by an eligible business for an
zone. Use Subschedule F to determine if the business meets
average of at least 36 hours per week for more than six (6)
this 20 percent test.
months and meet all other credit eligibility criteria.
Business in Rural Enterprise Zone – 30 Percent Credit
Effective January 1, 2002, part-time employees are no longer
(Use Schedule C)
eligible for the credit. New employees must not have been
To qualify, the business must be located in a Florida rural
employed by the taxpayer within the previous 12 months.
enterprise zone and new employees must reside in a Florida
rural county.
The credit is computed on the actual wages paid during the
taxable year which are subject to unemployment tax and is
Business in Rural Enterprise Zone – 45 Percent Credit
based on monthly wages paid to each new employee for up to
(Use Schedule D)
24 consecutive months.
To qualify, the business must be located in a rural enterprise
zone, new employees must reside in a rural enterprise zone,
A “small business” is defined in section 288.703(1), Florida
and 20 percent of all full-time employees must reside in a rural
Statutes, as an independently owned and operated business
enterprise zone. Use Subschedule F to determine if the
employing 200 or fewer permanent full-time employees and
business meets this 20 percent test.
whose total net worth is $5 million or less, or any firm based in
this state which has a Small Business Administration 8(a)
Business in Enterprise Zone and Employees in Welfare
certification.
Transition Program – 40 to 44 Percent Credit
(Use Schedule E)
The enterprise zone jobs credit is state financial assistance
To qualify, the business must be located in a Florida enterprise
subject to the auditing and reporting requirements of the Florida
zone and new employees must be welfare transition program
Single Audit Act, per s. 215.97, F.S. Tax Information Publication
participants.
(TIP) 02ADM-02 provides more details. The TIP is posted on
the Department’s Internet site at
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