Get Fl Dr-418 1999-2026

Filling out the FL DR-418 form is an important step for businesses seeking an economic development ad valorem property tax exemption in Florida. This guide provides clear instructions to help you successfully complete the form online.

Follow the steps to complete the FL DR-418 form online.

1. Click the ‘Get Form’ button to obtain the FL DR-418 form and open it in the online editor.
2. Begin by providing your business name in the designated field. Ensure that the name is the official title of the business as it appears in legal documents.
3. In the next section, enter the name and telephone number of the owner or person in charge of the business. This information is crucial for follow-up communication.
4. Fill in the exact location of the property, including the legal description and street address. This should pinpoint where the exemption will apply.
5. Provide the date you began or will begin business at this facility. This includes information about construction commencement for improvements.
6. Describe the improvements made to the real property for which the exemption is being sought, along with the commencement date.
7. List the tangible personal property for which the exemption is requested. You will need to provide details about each item, including the class or item, age, purchase date, and original cost.
8. Indicate if you desire exemption as a new business or as an expansion of an existing business. This is important for determining eligibility.
9. Describe the type or nature of your business and check the applicable trade levels: Retail, Wholesale, Manufacturing, Service, Office, or Other.
10. Indicate the number of full-time employees you plan to employ in Florida. If this is an expansion, note the net increase in employment.
11. Calculate and enter the sales factor for the facility requesting the exemption. This includes total sales and sales from the specific facility.
12. If applicable, complete the section for office space owned and used by a corporation newly domiciled in Florida. Fill in the date of incorporation and number of full-time employees.
13. Certify the information provided is true by signing as both the preparer and taxpayer, noting the date and contact information.
14. Once all sections are complete, you can save your changes, download the form, print it, or share it as needed.

Complete your FL DR-418 form online today to ensure your business receives the eligible tax exemptions.