Charlotte County Economic Development | 18501 Murdock Circle, Suite 302 | Port Charlotte, Florida 33948 | Phone: 1-941-764-4941 | Fax: 1-941-764-4947 | Email: FloridaEDO@charlottefl.com
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Taxation Information


Florida's stable and highly favorable tax climate provides advantages that make a Florida location profitable for every type of business. Progressive legislation also ensures that Florida remains a worldwide hub for new and expanding businesses.

Florida has...

  • NO corporate income tax on limited partnerships
  • NO corporate income tax on subchapter S-corporations
  • NO state personal income tax guaranteed by constitutional provision
  • NO corporate franchise tax on capital stock
  • NO state-level property tax assessed
  • NO property tax on business inventories
  • NO property tax on goods-in-transit for up to 180 days
  • NO sales and use tax on goods manufactured or produced in Florida for export outside the state
  • NO sales tax on purchases of raw materials incorporated in a final product for resale, including non-reusable containers or packaging
  • NO sales/use tax on co-generation of electricity

Florida offers Sales and Use Tax Exemptions on...

  • Machinery and equipment used by a new or expanding Florida business to manufacture, produce or process tangible personal property for sale
  • Labor, parts and materials used in repair of and incorporated into machinery and equipment
  • Electricity used in the manufacturing process
  • Certain boiler fuels (including natural gas) used in the manufacturing process
  • Semiconductor, defense and space technology-based industry transactions involving manufacturing equipment
  • Machinery and equipment used predominantly in research and development
  • Labor component of research and development expenditures
  • Commercial space activity — launch vehicles, payloads and fuel, machinery and equipment for production of items used exclusively at Spaceport Florida
  • Aircraft parts, modification, maintenance and repair, sale or lease of qualified aircraft
  • Production companies engaged in Florida in the production of motion pictures, made for television motion pictures, television series, commercial music videos or sound recordings

 

Information on...

Florida State Corporate Income Tax Business Tax Receipt (formerly Occupational License)
Payroll Taxes Gross Receipts Tax
Florida's Sales and Use Tax Charlotte Sales and Use Tax
Florida's Communications Services Tax Information for Businesses and Employers
Tangible Personal Property Real Property Tax
Charlotte County Tax Informaiton Municipal Services Benefit Units (MSBU's) and Municipal Services Taxing Units (MSTU's)
Regional Transportation Maps
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Recent News
Charlotte, North Port among fastestgrowing areas in US
April 03, 2017 - By ANDREA PRAEGITZER   SUN CORRESPONDENT      Two of the fastest-growing metropolitan statistical areas in the country include Punta Gorda/Charlotte County and North Port-Sarasota-Bradenton, according to the latest U.S. Census Bureau… more 
Entrepreneurs awarded VenturePitch SWFL cash
April 03, 2017 - By GARY ROBERTS STAFF WRITER PUNTA GORDA — Two business startups split $55,000 in equity investment at the first-ever VenturePitch SWFL competition in Charlotte County. BooqSmart, which promotes itself as… more 
Florida-Michigan alliance may attract younger folks
March 27, 2017 - By SOMMER BROKAW STAFF WRITER CHARLOTTE SUN      CHARLOTTE COUNTY — A Florida SouthWestern State College/Western Michigan University alliance may turn the tide on the area’s aging population.      New… more