Green Tax Expert
Income Tax Help for Green Businesses
Income Tax Help for Green Businesses
Need to know what products are covered and how much you get as a tax credit in Florida.
Florida doesn’t have a state income tax, so “green” plumbing products would only affect your Federal return. Property tax in Florida is paid to the county where the property is located. Any “green plumbing” property tax credits would not be applied state wide. Contact your county tax collector office for more information. The federal income tax, Residential Energy Credit for 2008 covers wind, solar, geothermal, and fuel cell home improvements. The piping and plumbing expenses associated with installing these “green” systems could be eligible for a federal tax credit. There are also Federal credits available for Non-Residential property. The State of Florida may have a grant program, to rebate part of the costs to the homeowner, or business owner, for installing “green plumbing” systems. The Florida Association of Plumbing, Heating, and Cooling Contractors is located in St Petersburg. FL. If you contact them, perhaps they could give further guidance to help answer your question. “The Florida Association of Plumbing, Heating and Cooling Contractors is dedicated to the improvement of the industry through Education and Communication, for the protection of our environment and the health, safety and benefit of society” Here is their website: http://www.flphcc.org/
Florida doesn’t have a state income tax, so "green" plumbing products would only affect your Federal return.
Property tax in Florida is paid to the county where the property is located. Any "green plumbing" property tax credits would not be applied state wide. Contact your county tax collector office for more information.
The federal income tax, Residential Energy Credit for 2008 covers wind, solar, geothermal, and fuel cell home improvements. The piping and plumbing expenses associated with installing these "green" systems could be eligible for a federal tax credit.
There are also Federal credits available for Non-Residential property.
The State of Florida may have a grant program, to rebate part of the costs to the homeowner, or business owner, for installing "green plumbing" systems.
The Florida Association of Plumbing, Heating, and Cooling Contractors is located in St Petersburg. FL. If you contact them, perhaps they could give further guidance to help answer your question.
"The Florida Association of Plumbing, Heating and Cooling Contractors is dedicated to the improvement of the industry through Education and Communication, for the protection of our environment and the health, safety and benefit of society"
Here is their website:
http://www.flphcc.org/
References :
IRS Form 5695 Residential Energy Efficient Property Credit:
http://www.irs.gov/pub/irs-pdf/f5695.pdf