Right-to-work state

This is a factor in Florida’s healthy economic growth and job creation. Fewer than half the states are right-to-work states.

Business Friendly Governments

County and city governments have a decidedly pro-business posture, contributing to a business climate that facilitates corporate success and business growth. This is especially true in Southeast Volusia.

Sales & Use Tax Exemptions

These exemptions are designed to contribute to a healthy climate for business and industry.

• Machinery and equipment used by a new or expanding Florida business to manufacture, produce or process personal tangible personal property for sale
• Labor, parts and materials used in repair of and incorporated into machinery/equipment
• Electricity used in the manufacturing process
• Certain boiler fuels (including natural gas) used in the manufacturing process
• Semiconductor, defense and space technology-based industry transactions involving manufacturing equipment
• Machinery and equipment used predominantly in research and development
• Labor component of research and development expenditures
• Aircraft parts, modification, maintenance and repair, sale or lease of qualified aircraft
• Production companies engaged in Florida in the production of motion pictures, made-for-television motion pictures, television series, commercial music videos or sound recordings.

All in favor say NO

• No corporate income tax on limited partnerships
• No corporate income tax on subchapter S corporations
• No state personal income tax, guaranteed by Florida’s constitution
• No corporate franchise tax on capital stock
• No state level property tax assessed
• No property tax on business inventories
• No property tax on goods-in-transit for 180 days
• No sales and use tax on goods produced in Florida for export
• No sales tax on purchases of raw materials incorporated in a final product for sale
• No sales and use tax on co-generation of electricity

Ranking

The Tax Foundation ranks Florida among the nation’s best states according to its business taxes and climate index. It is ranked fifth in the nation based on its no-income-tax constitution; sales tax index; corporate tax index; property tax index; and unemployment insurance tax.