It is an annual tax based on the market value, as of January 1, of the intangible property owned by a Florida resident or other person obligated to pay the tax. The return can be filed as early as January and is late if postmarked after June 30. Sales and Use Tax Florida's sales and use tax rate is 6 percent. Each retail sale, admission charge, storage, use, or rental is taxable, along with some services. Some items are specifically exempt.
Consumers pay the tax, plus any county imposed taxes, at the time of purchase.
Repairs or alterations of tangible personal property. Charges for admission to any place of amusement, sport, or recreation. Selling or providing telecommunication services. Operating private membership clubs that provide recreational or physical fitness facilities. Manufacturing or producing goods for sale at retail.