Florida Tax Law
The Florida Department of Revenue enforces state taxes on a variety of industries and transactions. This includes income, sales and regulatory taxes.
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Income Tax
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Florida has no personal income tax. However, the state does tax the income of corporations and artificial entities that do business in Florida. Individuals and sole proprietors are not required to file income taxes for their businesses.
Sales and Use Tax
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The state of Florida has a 6 percent sales tax on all retail merchandise. If you purchased a taxable good, but did not pay a sales tax, you owe a 6 percent use tax. This applies to online purchases, purchases from a private individual or other transactions not regulated by the state.
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Documentary Stamp Tax
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All financial documents that must be officiated by the state of Florida are taxed. Documents are taxed 35 cents for every $100 on those documents. For Florida real estate documents, the tax rate is 70 cents per $100.
Industries
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Certain industries, such as car dealerships, communications companies and fuel companies, have a specific state tax.
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