Florida Corporate Income Tax - A Summary

Corporate Income Tax --  Chapter 220, F.S.

Florida's Income Tax Code requires a taxpayer, corporation, or company with Florida nexus to file a Florida Corporate Income/Franchise and Emergency Excise Tax Return (form F-1120), available from local Department of Revenue Service Centers or by calling Taxpayer Services.

Examples of Florida taxable nexus are:

1. having at least one employee living and working in Florida in capacities other than sales solicitation;
2. sending employees or representatives into Florida to perform a service, e.g., install or repair equipment;
3. owning real estate in Florida;
4. owning tangible personal property in Florida;
5. leasing real property or tangible personal property in Florida. For more information about corporate nexus, request a copy of the Florida Dealer Questionnaire (form DR-703), available through local Department of Revenue Service Centers or by calling Taxpayer Services.