Charlotte County Economic Development Office - Investing in Business

 

 

   

Taxes

 
 
 

State Taxes
 
Business Inventory None (Prohibited by the State Constitution)
 
Corporate Franchise Tax None (on capital stock)
 
Corporate Income Tax 5.5% of Florida net income.
An exemption of $5,000 is available
   
Gasoline Tax 14.9 cents per gallon.  (counties are allowed to impose additional taxes)
   
Gross Receipts Tax None  (except by persons receiving payment for utilities and communications services)
   
Intangible Tax $0.50 per thousand dollars of value (exemptions and discounts are available)
   
Inventory Tax None
   
Personal Income Tax None (prohibited by the State Constitution)
   
Unemployment Tax Paid on the first $7,000 wages of an employee per calendar year.

Rate of .027 of net taxable wages for a new employer.  Rate will increase or decrease based on employer’s experience rating.  (Low .0010 – High .0540)
   
State Sales Tax 6%
 
 
Local Taxes
 
2005 County Property Tax One mil equals $1.00 per $1,000 property value
   
Ad Valorem Millage Rates:  
Government 4.7709
Special 2.2268
Schools 8.4690
Total 15.4667
   
Ad Valorem Tax Exemption Yes
   
County/City Income Tax None
   
Retail Sales Tax (Local Option) 1.0%
   
Tourist Tax 4% on accommodation rental 6 months or less
 
Placida causeway
 
 
         
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18501 Murdock Circle, Suite 502 • Port Charlotte, FL 33948 • (941) 627-3023 • FAX (941) 627-6314