Form F-1156z - Florida Enterprise Zone Jobs Credit Application For Corporate Income Tax Page 3
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4F-1156ZN
Instructions for Completing Florida Form F-1156Z
R. 09/13
Florida Enterprise Zone Jobs Credit
Rule 12C-1.051
Florida Administrative Code
Application for Corporate Income Tax
General Instructions
Specific Instructions
Part I. Demonstration of New Jobs Created
Who must file? Every business claiming the enterprise zone
jobs credit for employees must complete and attach Florida
Complete Part I to determine if the business is eligible to claim
Form F-1156Z, and all applicable schedules, to its corporate tax
the enterprise zone jobs credit against corporate income tax.
return for each tax year it claims the credit.
Enter the beginning date and the ending date of the 12-month
When may a business take the credit? This credit is not
period during which the business will demonstrate that new
available if the business claims its enterprise zone jobs credit
jobs were created at a business location within an enterprise
against sales tax.
zone. The ending date of the 12-month period must be one of
the following:
Who may qualify for the credit? Corporations that are subject
to the Florida Corporate Income Tax Code, increase the number
•
The last day of the tax year immediately preceding the date
of full-time jobs in an enterprise zone, and employ qualified new
the application is signed by the taxpayer; or
employees are eligible for the credit. A “new employee” must fit
•
The date the application is signed by the taxpayer.
in one of the following categories:
Line 1. Enter the number of permanent, full-time jobs on the
•
Is a resident of a Florida enterprise zone and works in a
ending date of the 12-month period during which the business
Florida enterprise zone for a qualified business located
will demonstrate that new jobs were created at a business
in a Florida enterprise zone. Welfare transition program
location within an enterprise zone. Employees in these jobs
participants do not have to live in an enterprise zone to be
must have worked at least three months and average at least
eligible, but must meet all other eligibility criteria.
36 hours a week.
•
Is a resident of a rural county in Florida, and works in a
Line 2. Enter the number of permanent, full-time jobs on
Florida rural enterprise zone for a qualified business located
the beginning date of the 12-month period during which the
in a Florida rural enterprise zone.
business will demonstrate that new jobs were created at a
business location within an enterprise zone. Employees in these
•
Is a leased employee who is a resident of a Florida
jobs must have worked at least three months and average at
enterprise zone or a rural county in Florida, and works in a
least 36 hours a week.
Florida enterprise zone or Florida rural enterprise zone for
a qualified business located in a Florida enterprise zone or
Line 3. Subtract the amount on Line 2 from the amount on
Florida rural enterprise zone. Qualified leased employees
Line 1 and enter the result on Line 3. If the amount on Line 3 is
must meet all other eligibility criteria.
zero or less, the corporation is not eligible to claim the credit.
Employees, including leased employees, must work an average
Explanation of Credits and Schedules
of at least 36 hours per week each month for more than six (6)
Business in Enterprise Zone - 20 Percent Credit
months to be eligible for the enterprise zone jobs credit.
(Use Schedule A)
Part-time employees are not eligible for the credit. New
To qualify, the business must be located in a Florida enterprise
employees must not have worked for the taxpayer within the
zone and new employees must live in a Florida enterprise zone.
previous 12 months.
Business in Enterprise Zone – 30 Percent Credit
(Use Schedule B)
The credit is calculated on the actual wages paid during the
taxable year which are subject to reemployment tax and is
To qualify, the business must be located in an enterprise zone,
new employees must live in an enterprise zone, and 20 percent
based on monthly wages paid to each new employee for up to
of all full-time employees must live in an enterprise zone. Use
24 consecutive months.
Subschedule F to decide if the business meets this 20 percent test.
The State of Florida defines a “small business” in section (s.)
Business in Rural Enterprise Zone – 30 Percent Credit
288.703, Florida Statutes (F.S.), as an independently owned
(Use Schedule C)
and operated business employing 200 or fewer permanent
To qualify, the business must be located in a Florida rural
full-time employees and whose total net worth is $5 million or
enterprise zone and new employees must live in a Florida rural
less, or any firm based in this state which has a Small Business
county.
Administration 8(a) certification.
Business in Rural Enterprise Zone – 45 Percent Credit
The enterprise zone jobs credit is state financial assistance
(Use Schedule D)
subject to the auditing and reporting requirements of the Florida
To qualify, the business must be located in a rural enterprise
Single Audit Act, under s. 215.97, F.S. For more information
zone, new employees must live in a rural county, and 20
refer to http: or
percent of all full-time employees must live in a rural enterprise
contact the Auditor General at (850 488-5534 or by e-mail at
zone. Use Subschedule F to decide if the business meets this
flaudgen@aud.state.fl.us.
20 percent test.
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