Cost of Business
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Corporate Income Tax
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Personal Income Tax
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Property Tax
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Sales & Use Tax
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Unemployment
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Workers Comp
Corporate Income Tax
- Rate: 5.5% less an exemption of $5,000
- All federal income taxes apportioned to Florida are deducted
Personal Income Tax
- Florida does not have a personal income tax
Property Tax
- State does not levy property taxes on real and tangible property
- Local property tax rates vary
- No property tax on business inventory
- No property tax on goods-in-transit for up to 180 days
Sales and Use Tax
- Rate: 6.00%
- Local sales & use taxes vary
Unemployment Insurance
- New Employer Tax Rate: 2.70%
- Taxable Wage Base: $8,500
- Maximum Unemployment Insurance Tax Rate: 5.40%
Workers Compensation Insurance
- Minimum Weekly Workers Compensation Payment: $20
- Maximum Weekly Workers Compensation Payment: $772
