Federal, State, & Local Business Tax Requirements
State & Local Taxes
In addition to business taxes required by the federal government, you will have to pay Florida business taxes and local taxes. Businesses that operate within the state of Florida are required to register for the tax permits below.
You can register for all listed Florida business taxes online.
Taxpayer Services: (850) 488-6800 or
|Florida Corporate Income Tax
Corporations or Limited Liability Companies classified as corporations for federal tax purposes are subject to a 5.5% Florida Corporate Income Tax.
Most Corporations, Limited Liability Companies and other artificial entities doing business or earning or receiving income in Florida must file a Florida Corporate Income Tax return (Form 1120), even if no tax is due. Some legal entities — including sole proprietorships, individuals, estates and testamentary trusts — are exempt from Florida income tax. Other entities, such as S Corporations, partnerships and some LLCs may also be exempt. To be certain, consult your tax advisor or attorney.
Florida Sales and Use Tax
Florida businesses must collect a 6% sales tax for many products and services and must have a Sales Tax Number. The business is responsible for collecting sales tax at the time of each sale and remitting the tax each month to the Florida Department of Revenue (DOR).
The Department of Revenue can assist you in determining whether you are subject to sales tax. If so, before you open for business, you must register with the state and obtain your sales tax ID number. You can register online using form DR-1 at the Department of Revenue website. For in-person registration, visit your local DOR office. You may apply by mail, which may take more than two weeks for processing.
After your registration application is approved, you will receive a Certificate of Registration (Form DR-11), an Annual Resale Certificate (Form DR-13), and your tax return forms. You will collect the current Lee County sales tax (6%) from customers for products and services and then pay those taxes to the Florida DOR.
Discretionary Sales Surtax
Florida counties are authorized to levy a discretionary sales surtax on most transactions subject to sales and use tax. Currently, Lee County does not impose a discretionary sales surtax.
|Florida Intangible Personal Property Tax
Florida corporations and individuals who control intangible personal property must file this annual tax based on the current market value as of January 1. The most common types of taxable assets are stocks, shares, mutual funds, bonds, notes and loans. Accounts receivable not arising from a company’s normal course of trade or business are also taxable.
Filing is required if the tax due is $60 or more, before the discount for early filing. The Intangible Personal Property Tax Return (For DR-601C for corporations and DR-601I for individuals) is due by June 30.
You can register for all state taxes electronically online.
Lee County Tax Requirements
Tangible Personal Property Tax
All businesses are subject to tangible personal property taxes and must report annually as outlined in Florida Statute 193.052. Tangible personal property tax is assessed on assets used in business or rental activity, even if they are leased or personally owned, such as tools, equipment, furniture, fixtures, machinery, signs, supplies, computers and phones. In addition, businesses that lease, loan or rent property must also file.
A Tangible Personal Property Return (Form DR-405) is mailed to Tangible Personal Property owners on January 1. You are responsible for filing even if you do not receive the form.
Lee County Property Appraiser's Office
2480 Thompson Street, Fourth Floor
Fort Myers, FL 33901
P.O. Box 1546, Fort Myers, Florida 33902