Voluntary Cleanup Tax Credit
The Voluntary Cleanup Tax Credit from the Florida Department of Environmental Protection supports scientific cleanup and restoration of contaminated sites and brownfields in Florida.
Funder: Florida Department of Environmental Protection
Due Dates: February 1, 2027 (Annual site rehabilitation application deadline for 2026 costs)
Funding Amounts: Up to 50% of eligible cleanup costs per site, capped at $500,000 per year; annual statewide cap of $35 million; additional bonuses of up to $500,000 for certain site types.
Summary: Tax credits for voluntary cleanup of drycleaning solvent contaminated sites and brownfields in Florida to promote environmental restoration and land reuse.
Key Information: Applications must be received by 5:00 P.M. on the deadline; only costs incurred in the prior calendar year are eligible.
Description
The Voluntary Cleanup Tax Credit (VCTC) program, administered by the Florida Department of Environmental Protection (FDEP), provides Florida corporate income tax credits to public and private entities that voluntarily remediate eligible drycleaning solvent contaminated sites and brownfield areas. The initiative aims to accelerate environmental cleanup, enhance community health, and facilitate the productive reuse of contaminated properties. Tax credits are available for a range of cleanup activities, including site rehabilitation, solid waste removal, and redevelopment that supports affordable housing or health care facilities.
