It is constitutionally prohibited. There is no property tax on autos or tangible personal property. The corporate tax is a uniform 5.5 percent rate. It is one of the lowest rates in the nation. The tax base is federal taxable income adjusted for certain items.
Tax is based on authorized capital stock.
Taxable items brought into Florida to be used, consumed, distributed, rented or stored for use or consumption is six percent. In Seminole, Osceola and Lake counties there is an additional one percent local tax added to the six percent state sales tax. Purchases of new machinery and equipment by new manufacturing facilities locating in Florida are exempt. Exception, if the container can be used more than once, it is not exempt from sales tax. Cost of electricity used to operate machinery that manufactures items of tangible personal property.