Florida Department of Revenue
Notice of Intent to Transfer a Florida Energy Tax Credit
Corporate Income Tax
F-1193T
R. 01/15
TC
Rule 12C-1.051
Florida Administrative Code
Effective 01/15
Part I - Transferring Business Information
Business Name:
Business Address:
Taxable year the credit was originally approved for:
Beginning Date:
Ending Date:
Federal Employer Identification Number (FEIN):
City: State:
ZIP:
Parent FEIN:
Email Address:
Telephone Number:
Contact Person Name:
Parent Corporation Name:
(If included in a consolidated Florida corporate income tax return)
Indicate the tax credit to be transferred:
Florida Renewable Energy Technologies Investment Tax Credit (s. 220.192, F.S.)
Florida Renewable Energy Production Credit (s. 220.193, F.S.)
Florida Capital Investment Tax Credit (s. 220.191(2)(c), F.S.)
Tax Credit or Tax Credit Allocation Information
Part II - Receiving Business Information - A separate notice is required for each receiving business.
Original amount of credit allocated or transferred to the transferring business:
Amount of original credit (listed above) previously claimed or transferred:
Tax year(s) in which the credit amount above was claimed or transferred:
Amount of unused credit:
Amount of credit to be transferred:
$
$
$
$
Business Name:
Business Address:
Tax year:
Beginning Date:
Ending Date:
Federal Employer Identification Number (FEIN):
City:
State:
ZIP:
Parent FEIN:
Email Address:
Telephone Number:
Contact Person Name:
Parent Corporation Name:
(If included in a consolidated Florida corporate income tax return)
Part III - Transferring Business Certification - Only an authorized officer of the transferring business may sign this notice.
Signature of Authorized Officer of Transferring Business Date
Title
Under penalties of perjury, I declare that I have read the foregoing Notice and the facts stated in it are true.
Instructions for the Notice of Intent
to Transfer a Florida Energy Tax Credit
Taxpayers may submit a Notice of Intent to Transfer a
Florida Energy Tax Credit by completing and mailing Florida
Form F-1193T to:
Florida Department of Revenue
Revenue Accounting
PO Box 6609
Tallahassee FL 32314-6609
The Department of Revenue will send written certification
regarding the amount of the tax credit transferred within
fifteen (15) days after receipt of a completed notice. You
must have a letter from the Department certifying the credit
transferred for the transfer to be valid. A copy of the
Department's certification stating the amount of the credit
transferred must be attached to the tax return on which the
transferred tax credit is claimed by the receiving business.
To Transfer a Florida Energy Tax Credit:
You must submit this notice (Florida Form F-1193T)
You must not have claimed the credit amount you
want to transfer on any tax return filed with the
Department of Revenue.
You may only take the credit against the Florida corporate
income tax and you must take it in the order described in
section (s.) 220.02(8), Florida Statutes (F.S.). A transfer by
an ineligible person does not create a right to a tax credit.
A taxpayer must retain documentary evidence that
substantiates and supports this credit and the Department
may request the evidence at a later date to verify the credit.
A schedule tracking the credit amounts allocated and the
use of such credits must be maintained as part of the
evidence to support the tax credit.
Florida Renewable Energy Technologies Investment
Tax Credit
For the Florida Renewable Energy Technologies Investment
Tax Credit, the transferring business must have
documentation indicating the amount of credit approved by
the:
Florida Department of Environmental Protection;
Florida Energy and Climate Commission;
Department of Agriculture and Consumer Services; or
documentation from the Department of Revenue
indicating a transferred amount in the case of a prior
transfer.
Transfers of this credit can only be approved for tax years
beginning on or after January 1, 2014. The Florida Renewable
Energy Technologies Investment Tax Credit, including credit
carry forwards and transfers, expires and cannot be used in tax
years that end after December 31, 2018.
Reference: s. 220.192, F.S.
Florida Renewable Energy Production Tax Credit
The Florida Renewable Energy Production Tax Credit can be
transferred in a merger or acquisition. In addition, unused
credits may be transferred one time (outside a merger or
acquisition) in whole or in increments of not less than 25
percent of the unused credit. The transferring business must
have documentation indicating the amount of the credit
approved by the Department of Revenue or the Department
of Agriculture and Consumer Services. This credit can be
carried forward 5 years because of insufficient tax liability.
Reference: s. 220.193, F.S.
Florida Corporate Income Tax Capital Investment
Tax Credit
For the Florida corporate income tax Capital Investment Tax
Credit associated with a new solar panel manufacturing
project, the amount of the tax credit that may be transferred
in any year shall be the lesser of the qualifying business's
Florida corporate income tax liability for the year or the credit
amount granted for the year. A business receiving the
transferred credit (receiving business) may use the credit only
in the year received, and the credit may not be used in any
other tax year.
Reference: s. 220.191(2)(c), F.S.
F-1193T
R. 01/15
Page 2