Corporate Income Tax
Taxed at a 5.5 % rate of adjusted federal income as apportioned to Florida. Apportionment is based on 25% to property, 25% to payroll and 50% to sales. There is a $5,000 exemption to the taxed Florida net income.

Sales Use Tax
A uniform 6% tax applied to the purchase of tangible personal property, each sale, admission charge, storage or rental unless specifically exempt. Portions of this tax are returned to the County of origin. Note: Many business and personal exemptions exist.

Documentary Stamps
On deeds, promissory notes, mortgages, stocks and bonds, and other instruments at a 7-mill rate. ($.70 per $100 of value)

Unemployment Tax
The unemployment tax provides compensation for workers who become involuntarily unemployed. Employers pay quarterly taxes based on employee wages. For more information contact the Department of Revenue Taxpayer Services, (800) 482-8293.

Excise Tax
Florida imposes several excise taxes, some of which are on the production, importation, use, or sale of particular goods. Other excise taxes are imposed on services and certain types of businesses. For detailed information on state excise taxes, contact the Florida Department of Revenue, (800) 352-3671.

Intangible Taxes
Florida imposes a state tax on the recording of obligations secured by mortgages on Florida real property. The tax applies to corporations, partnerships, and others that own, control, or manage intangible property that qualifies for taxable status in Florida. Intangible property includes stocks, bonds, bills, notes, loans, accounts receivable, and other obligations or credits. To obtain the rules and regulations concerning the intangibles tax, contact the Taxpayer Services, (800) 352-3671 (Florida only) or (850) 488-6800.