Florida taxes corporate income at a uniform 5.5 percent rate. Charter Tax - Fees and taxes must be paid by an organization filing any articles of incorporation, amendment thereof, or other paper relating to the incorporation, merger, consolidation or dissolution of the organization. Filing tax is based on the authorizing capital stock. Sales and Use Tax - The sales tax rate is six percent on certain rentals or lease of certain real properties and transient living accommodations. The use tax is six percent on the total price of each taxable item brought into Florida to be used, consumed, distributed, rented or stored for use or consumption.
Lake County has an additional one percent use tax.
The tax is paid by the ultimate consumer and is collected by the retailer at the time of sale. Dealer purchases of items for resale and new manufacturers' purchases of new machinery and equipment are exempt from sales tax. Intangible Tax - Two types of intangible taxes are levied. Household goods and personal effects being used by the homeowner are exempt. Assessment is just value.