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.