Are there any tax exemptions or credits available in Florida?

Yes, there are several tax exemptions and credits available in Florida. Some of the key exemptions include the Homestead Exemption, which provides a reduction in property taxes for eligible homeowners, and the Sales Tax Exemption on Manufacturing Equipment, which offers relief for manufacturers. Other exemptions and credits are available for specific industries, such as the Research and Development Tax Credit for companies engaged in qualified research activities. There are also exemptions for certain organizations like non-profit entities or religious institutions. Additionally, Florida offers credits for renewable energy technologies, affordable housing, and film production. It is important to note that eligibility criteria and application processes vary for each exemption or credit. For more information, individuals and businesses can visit the Florida Department of Revenue's website or contact their local revenue office.