Tax Advantages

State of Florida's Tax Climate

Doing business in Florida affords the following tax advantages:
  • No Corporate income tax on limited partnerships
  • No corporate income tax on Subchapter S Corporations
  • No state personal income tax guaranteed by the Florida constitution
  • No corporate franchise tax on capital stock
  • No state level property tax
  • No property tax on business inventories
  • No property tax on goods-in-transit for up to 180 days
  • No sales / use tax on Florida goods produced for export
  • No sales tax on purchase of raw materials for specified qualifying uses
  • No sales / use tax on boiler fuels
  • No sales / use tax on co-generation of electricity

For More Information

Please check with the Florida Department of Revenue for more details and an application for tax exemptions and rebates.