Business Information & Rankings
- Florida is the 4th largest State for overall Technology Employment in the nation (Cyberstates, 2005)
- Florida’s job growth is 11 times the average of all states. (Career Guide, U.S. News & World Report, 2005)
- Florida is in the top ten among all States in terms of expansion and establishment of new businesses. (Annual Economic Development Rankings, Global Corporate Xpansion, 2005)
- Florida ranks 2nd on the State Business Tax Climate Index (Tax Foundation, 2004)
- Seven Florida metro areas were rated the very best U.S. cities for job creation and retention. (The Milken Institute, 2004)
Cost of living
|For Orlando, FL (2005):||Index Score|
|Misc. Goods & Services:||104.6|
Florida has the 42nd lowest crime ranking among U.S. States. (FBI, 2004)
Fees & Taxes
Business Inventory Tax
Florida does not tax business inventory.
Corporate Income Tax
Personal Income Tax
Personal Property Tax
Tangible Property: Anyone owning tangible personal property on January 1, who has a proprietorship, partnership, corporation, is a self-employed agent or a contractor, must file a tangible personal property return. Property owners, who lease, lend or rent property must also file.
Intangible Property: Every corporation, company, or other legal entity domiciled in Florida or who manages or controls intangible personal property having a taxable status in this state, must file an Intangible Personal Property Tax Return if tax due, before discount, is $60 or more.
State Sales and Use Tax
Base Rate: 6%
Machinery Rate: none
An exemption is given for industrial machinery and equipment for use in a new business that manufactures, processes, or produces for sale items of tangible personal property at fixed Florida locations if they increase productive output by not less than 10% percent, are exempt from an amount of tax in excess of $50,000/yr.
Florida’s new employers’ rate is 2.7% for 2.5 years.