Florida Business Tax Advantages: Why Companies Are Moving South

Florida Tax Climate

Florida ranks #4 in the Tax Foundation's business tax climate index. The state has no personal income tax, a 5.5% corporate tax rate, and a 6% sales tax.

Key Advantages

No personal income tax: LLC and S-Corp owners pay zero state income tax on pass-through income.
Low corporate tax: At 5.5%, Florida's corporate rate is well below the national average.
No state estate tax: Important for business succession planning.

What to Watch For

Florida has higher property taxes and insurance costs than many states. Commercial rent, especially in Miami and Tampa, has increased significantly. Factor these into your total cost analysis.

See all Florida business tax estimates across industries.