Effective: 01/01/2002

FORM F-1156Z (Certificate of Eligibility for Corporate Income Tax)
FORM F-1156ZN (General Instructions)
(s. 220.181, F.S.)

Business Eligibility:

• Corporation must be located within an Enterprise Zone.
• Business must not be taking Jobs Tax Credits against sales tax.

Employee Eligibility:

• Must reside and work in an Enterprise Zone.
• A new job must be created before the business earns a tax credit.
• Welfare Transition Program Participants may live anywhere, but must work within a zone.
• Must work an average of at least 36 hours a week (no part-time employees).
• Must be employed for at least three consecutive months.
• Employees leased from an employee leasing company (Chapter 468) must be continuously leased to an employer for more than 6 months.
• Previous employees must not have been employed by the hiring business in the preceding 12 months.
• Tax credit shall be allowed for up to 24 months per new employee.
• Unused tax credit may be carried forward up to 5 years.
• Number of permanent, full-time employees (Zone residents) Divided by Total number of permanent, full-time employees
• If this percentage is less than 20% the tax credit will be 20% of monthly wages paid to new employee.
• If this percentage is 20% or more the tax credit will be 30% of monthly wages paid to new employee.

• EZDA has 10 business days to process and certify Form F-1156Z.

Copies:

• F-1156Z (when approved by EZDA Coordinator) is given to business who will attach original to Form F-1120 when submitting their corporate return.
• EZDA mails one copy to Department of Revenue (see address below).
• One copy for EZDA files.

Mailing Instructions:

• EZDA mails a copy of Form F-1156Z to:
  Florida Department of Revenue
  Return Reconciliation
  5050 West Tennessee Street
  Tallahassee, FL 32399-0100

• Tax Information Services: 850-488-6800

 *   For additional information on the Enterprise Zone contact the EDC at info@florida-edc.org or 850-362-6467.