However, if you rent your residential property, the furnishings including stoves and refrigerators lose their status as household goods and become taxable. Inventory, such as stock in trade of a business, and licensed vehicles and boats are not taxable. Intangible personal property, such as stocks and bonds, when owned by Florida residents, is taxable by the State of Florida, Department of Revenue . For further information on the intangible tax and to download a return form, click here. Taxable tangible personal property is all personal property not included in the above categories, except software.
Examples are machinery and equipment, tools, supplies, leased equipment and leasehold improvements.
Our office mails a return to all owners of tangible personal property who filed a return last year, but you must still file a return even if you do not receive the blank form from us. If you file late, there are penalties.