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Voluntary Cleanup Tax Credit

Organization Florida Department of Environmenta Protection
Organization Type Government
URL http://www.dep.state.fl.us/waste/categories/vctc/default.htm
Geographic Scope Florida
Issue Brownfields/Land Use, Hazardous Waste & Materials
Sector All
Type Of Assistance Tax Incentives, Voluntary or Partnership Programs
Description In 1998, the Florida Legislature created the Voluntary Cleanup Tax Credit (VCTC) to encourage participants to conduct voluntary cleanup of certain drycleaning solvent contaminated sites and brownfield sites in designated brownfield areas. Participants may be private or public entities, but they must meet the eligibility criteria established under Sections 376.3078, 376.30781, and 376.82, F.S, as applicable, and they must enter into either a Voluntary Cleanup Agreement, for drycleaning solvent cleanup, or a Brownfield Site Rehabilitation Agreement.

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