Florida has a variety of advantages that make it a profitable site for nearly every type of business. Progressive legislation continues to ensure that Florida will remain a magnet for new and expanding businesses.

• No corporate income tax on limited partnerships
• No corporate income tax on subchapter S-corporations
• No state personal income tax guaranteed by constitutional provision
• 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 up to 180 days
• No sales and use tax on goods manufactured or produced in Florida for export outside the state
• No sales tax on purchases of raw materials incorporated in a final product for resale, including nonreusable containers or packaging
• No sales/use tax on boiler fuels
• No sales/use tax on co-generation of electricity

• Silicon technology-based industry transactions involving manufacturing or research equipment
• Purchases of machinery and equipment used by a new or expanding Florida business to manufacture, produce or process tangible personal property for sale
• Labor, parts and materials used in repair of and incorporated into machinery and equipment that qualify for sales tax exemption upon purchase (phased in over four years, 25% exempt on July 1, 1999)
• Electricity used in the manufacturing process (phased in over five years, 80% exempt on July 1, 1999)
• Aircraft parts, modification, maintenance and repair, sale or lease of qualified aircraft
• Commercial space activity - launch vehicles, payloads and fuel, machineryand equipment for production of items used exclusively at Spaceport Florida
• Labor component of research and development expenditures

For additional information about Florida's and Coconut Creek's business advantages, please e-mail Mary Blasi at mblasi@creekgov.net or call (954) 973-6740

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