Islamorada and The Upper Keys

Some of the more significant advantages to living and establishing businesses in Florida, with respect to taxes are:

No state income tax
No corporate income tax on sub-chapter S corporations
First $5000 of taxable income apportioned to Florida is exempt
No state property tax on inventory or equipment
No business inventory tax
No corporate franchise tax on capital stock
No corporate tax on limited partnerships, individuals, Estates and private trusts
No collected or assessed state property tax
No sales tax on "boiler fuels" used at a fixed Florida location in an industrial manufacturing, processing or compounding process
No sales and use tax on goods manufactured or produced in Florida for resale or export outside Florida
Corporation accounts receivable (one third) exempt from intangible property tax
Exemption of employee stock options from employer
No property tax on goods-in-transit for up to 180 days
While these are in themselves incentives, the following are additional incentives offered by the State and local government working together to provide you with an environment conducive to your success.

Ad Valorem Tax Exemption (real and personal property) is offered by the local government and is based on the financial impact projected on the County (number of employees, capital expenditure, etc.).