Tax advantages for Florida business owners

Some of the more significant advantages to living and establishing businesses in Florida, with respect to taxes are:

* No state income tax
* No corporate income tax on sub-chapter S corporations
* First $5000 of taxable income apportioned to Florida is exempt
* No state property tax on inventory or equipment
* No business inventory tax
* No corporate franchise tax on capital stock
* No corporate tax on limited partnerships, individuals, Estates and private trusts
* No collected or assessed state property tax
* No sales tax on "boiler fuels" used at a fixed Florida location in an industrial manufacturing, processing or compounding process
* No sales and use tax on goods manufactured or produced in Florida for resale or export outside Florida
* Corporation accounts receivable (one third) exempt from intangible property tax
* Exemption of employee stock options from employer
* No property tax on goods-in-transit for up to 180 days
*

While these are in themselves incentives, the following are additional incentives offered by the State and local government working together to provide you with an environment conducive to your success.