Hernando County, Florida Tax Advantages

Growth Economy
Technology Leadership
Global Gateway
Entrepreneurial Environment.
World Connectivity
Unique Business Climate
Workforce Talent
Business-Friendly Government
Quality of Life
Visionary Development

• 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 non-reusable containers or packaging
• NO sales/use tax on boiler fuels
• NO sales/use tax on co-generation of electricity
   

• Semiconductor, defense and space 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, 75% exempt on July 1, 2001)
• Electricity used in the manufacturing process
• Aircraft parts, modification, maintenance and repair, sale or lease of qualified aircraft
• Commercial space activity -- launch vehicles, payloads and fuel, machinery and equipment for production of items used exclusively at Spaceport Florida
• Labor component of research and development expenditures.
• Any facility, device, fixture, machinery or equipment required for pollution control, abatement or monitoring of equipment used in manufacturing processing or compounding items for sale.

"For the past three years, Florida has produced more jobs than any other state.  And Florida's reputation as a high-tech haven continues to strengthen.
From low taxes to reasonably priced land, from a capable workforce to convenient transport systems, from solid infrastructure to glorious weather,
Florida is a great place to do business. "  
Business Florida 2006

 Maddux Report Articles About Hernando County