Brokerage Services - Sale of Voluntary Cleanup Tax Credits (VCTC)

Pinellas County is seeking submittals in the form of “Net Pricing” from interested parties for Brokerage Services for the sale of eleven (11) Voluntary Cleanup Tax Credit (VCTC) Certificates based on the total amount of the certificates' face value. A direct sale of the certificates is also possible, to maximize the County's optimum return on investment. The County is seeking a “Net Price” bid based on the face value of the certificates.

The State of Florida VCTC program serves as the primary state financial incentive to encourage the voluntary cleanup and redevelopment of Brownfield sites and plays a key role in driving investment in Brownfield areas. Tax credits are issued by the state following application and successful completion of cleanup activities. The VCTC certificates are used to offset Florida corporate income tax. Local governments can transfer their tax credit certificates to an entity that has a Florida corporate income tax liability. Sale of the tax certificates generates revenue now, which can be used to perpetuate cleanup activities at other County Brownfield sites. The application for the Brownfield VCTC incentive resulting from completion of environmental responsibilities performed at the Zero Corp, Dansville Central, Baypointe and 126th Ave Landfill sites were approved by the County Administrator. The certificates included are #1195 issued 7/14/2021; #1565 issued 7/10/2023; #1634 issued 7/11/2023; #1775, #1785 and #1825 issued 8/1/2023; #1982 and #1984 issued 7/24/2024; #2131 issued 6/19/2025; and #2159 and #2160 issued 6/26/2025.