Bay Economic Development Alliance

Tax Structure

Florida Tax Advantages

Florida offers one of the most competitive tax environments in the nation, making it a prime location for business investment and growth.

  • No corporate income tax on limited partnerships or Subchapter S-corporations
  • No state personal income tax
  • No state-level property tax
  • No corporate franchise tax on capital stock
  • No property tax on goods-in-transit for up to 180 days
  • No sales and use tax on goods manufactured in Florida for export, raw materials used in production for resale, or the co-generation of electricity
Sales & Use Tax Exemptions

Florida provides a broad range of exemptions designed to reduce operating costs for manufacturers, innovators, and service providers:

  • Manufacturing machinery and equipment
  • Electricity used in the manufacturing process
  • Semiconductor, defense, and space technology manufacturing equipment
  • Labor costs for research and development
  • Aircraft parts, modifications, maintenance, and repair
  • Commercial space activity — launch vehicles, payloads, fuel, and related equipment
  • Labor, parts, and materials used in repair of manufacturing equipment
  • Certain boiler fuels (including natural gas) used in manufacturing
  • Machinery and equipment used predominantly in R&D
Bay Economic Development Alliance Bay EDA reversed white logo
Copyright © 2026 Bay EDA I All Rights Reserved I Designed by Aaron Rich Marketing
Home
Home
Home