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Florida Department of Revenue is a state agency of Florida concerned with taxes. It is headquartered in Tallahassee. [1] It was established to ensure compliance with tax regulations and to provide essential financial services, the FDOR plays a crucial role in managing Florida's fiscal resources. [2] [3]
Sales taxes are imposed only on taxable transfers of goods or services. The tax is computed as the tax rate times the taxable transaction value. Rates vary by state, and by locality within a state. [5] Not all types of transfers are taxable. The tax may be imposed on sales to consumers and to businesses.
Florida Citrus Commission. Florida Department of Citrus (FDOC) Florida Department of Corrections (FDC) Florida State Board of Education. Florida Department of Education (FLDOE) Florida Department of Elder Affairs (DOEA) Florida Department of Environmental Protection (DEP) Florida Department of Health (DOH)
Governor. The governor of Florida is the chief executive of the government of Florida and the chief administrative officer of the state responsible for the planning and budgeting for the state and serves as chair when the governor and the Florida Cabinet sit as a decision-making body in various constitutional roles. [3]
Florida property tax homestead exemption reduces the value of a home for assessment of property taxes by $50,000, so a home that was actually worth $100,000 would be taxed as though it was worth only $50,000. However, the second $25,000 of homestead coverage does not apply to the school portion of property taxes, and only applies to the third ...
In 2017, Florida's per capita personal income was $47,684, ranking 26th in the nation. [18] The state's unemployment rate in September 2018 was 3.5% and ranked as the 18th lowest in the United States. [19] Florida is one of seven states that does not impose a personal income tax. [20] In 2017, Florida had a personal income of $1,000,624,065,000.
Florida – no individual income tax [10] but has a 5.5% corporate income tax. [11] The state once had a tax on "intangible personal property" held on the first day of the year (stocks, bonds, mutual funds, money market funds, etc.), but it was abolished at the start of 2007. [12] Nevada – no individual or corporate income tax.
Florida regulations prohibited a non licensed firm from advertising that included reference to a CPA. Miller and American Express Tax and Business Services were disciplined by the Board of Accountancy. The lower courts overturned the discipline and the US Supreme Court agreed to hear the case in 1997 in a case titled Stephen Miller, American ...
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