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.