Community Contribution Tax Credit Program (CCTCP)
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This program provides a financial incentive to encourage Florida businesses to make donations toward community development and housing projects for low-income persons. Any Florida business, which collects and remits Florida state sales tax, pays state income tax, or Florida use tax is eligible to participate in the program. The credit shall be granted as a refund against state taxes, including sales, use, and income tax, reported on returns and remitted in the last 12 months preceding the date of the application of the tax credit.
There are two ways to participate in CCTCP. The first is an upfront commitment to sponsor a specific Habitat Home, called a Deed of Improvement, where your organization will receive a tax credit of 100% of your donation. The donation must equal 50% of the appraised value of the completed home, minus the cost of the land. This option requires 200 volunteer hours to be performed by your organization on work for the home and your organization will be recognized at the Home Dedication Ceremony. |
The second way to participate in CCTCP is to make a donation, greater than $20,000, to Habitat PBC’s new home construction projects. Your organization is then able to receive a tax credit equal to 50% of your donation amount. This option does not require volunteer service hours, but we are happy to arrange a Team Build opportunity for your organization if that is of interest.
Habitat PBC will work with you throughout the entire process to make it as simple as possible.
Habitat PBC will work with you throughout the entire process to make it as simple as possible.
How a Habitat Home Sponsorship can benefit your organization
Deed of Improvement - Tax credit of 100% of your donation, which must equal 50% of the appraised value of the home minus cost of land.
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What is required to sponsor a Habitat Home?
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What is the process of applying for the tax credit refund?
- The sponsor works with the Development Department and signs a commitment form.
- Habitat works with the sponsor to create a work schedule to ensure that the 200 hours of volunteer work (performed by the organization) are completed.
- Habitat PBC holds a dedication ceremony and offers special thanks to the sponsor.
- Habitat PBC prepares all paperwork required by the tax credit program and submits it to the Florida Department of Economic Opportunity.
How a cash donation towards a Habitat Home can benefit your organization.
Cash Donation Tax Credit - 50% tax credit on donations
What Is an Eligible Contribution?
- Cash, property, and goods donated to approved sponsors are eligible for the credit (Dues and services are not eligible donations)
- Commitments must be made in Q1 and paperwork must be completed by June 30
- Donor issues check to Habitat PBC.
- Habitat PBC prepares tax credit application and sends for donor signature.
- Donor signs and returns application to Habitat PBC.
- Habitat PBC submits tax credit application to State.
- State of Florida Office of the Governor sends approval letter to donor to be used to apply for a refund check or tax credit.
What Do I Need to Do to Participate?
- The sponsor works with the Development Department and signs a commitment form.
- The Volunteer Coordinator works with the sponsor to create a work schedule, if desired.
- Habitat PBC prepares all paperwork required by the tax credit program and submits it to the Florida Department of Economic Opportunity
For more information on the Community Contribution Tax Credit Program,
please contact our Chief Financial Officer, Greg Brown,
gregb@habitatpbc.org or (561) 666-9676.
please contact our Chief Financial Officer, Greg Brown,
gregb@habitatpbc.org or (561) 666-9676.
