Qualified Defense Contractor Tax Refund (QDC)

The Qualified Defense Contractor Tax Refund (QDC) program is a tool to preserve and grow Florida’s high technology employment base – giving Florida a competitive edge as defense or homeland security contractors acquire new contracts or subcontracts, consolidate contracts or subcontracts, or convert contracts to commercial production. Pre-approved projects receive tax refunds of up to $5,000 per job created or saved in Florida. The conversions of defense jobs to civilian production, the acquisition of a new defense contract, or the consolidation of a defense contract are eligible projects. If approved, an applicant may receive refunds on taxes it pays related to the project. This includes corporate income, sales, ad valorem, intangible personal property, and certain other taxes. Up to 25 percent of the total refund may be taken per year as long as the business is maintaining employment and wage levels at the agreed upon level or higher. There is a cap of $7.5 million per single qualified applicant in all years and no more than $2.5 million in tax refunds may be received in any fiscal year.  Contact us for more information.