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
Real Property & Tangible Personal Property Tax
In Bay County, taxes are levied by local authorities as authorized by the State Legislature:
The Bay County Property Appraiser establishes the value of real estate and tangible personal property.
The Board of County Commissioners sets the county millage (tax rate).
The School Board, city councils, and commissions set millage rates for schools and municipalities.
Independent special taxing districts and authorities may also set millage for their jurisdictions.
Florida’s pro-business tax structure, paired with Bay County’s strategic location and infrastructure, ensures companies can operate more competitively and reinvest in growth.
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
