Florida Intangible Personal Property Tax - A Summary
Intangible Personal Property Tax -- Chapter 199, F.S.

Every corporation or person who is a legal resident of Florida or who manages or controls intangible personal property having a taxable situs in this state, must file an Intangible Personal Property Tax Return (form DR-601I and DR-601C), available from local Department of Revenue Service Centers or by calling Taxpayer Services.

Intangible personal property has a taxable situs if it has a business situs in Florida and/or if it is owned or managed by a person transacting business in Florida. Examples of taxable intangible personal property include, but are not limited to: accounts receivable, stocks, trusts, notes, bonds, leases, repurchase agreements, loans to and from shareholders, and limited partnership interest. Examples not subject to tax include: money, savings accounts, checking accounts, intangibles owned or issued by federal/state credit unions, State of Florida issued bonds or notes, and franchises.

There are two types of intangible personal property taxes:

  1. Annual tax payable to the Florida Department of Revenue, which applies to natural persons, corporations, partnerships, joint ventures, and associations; and
  2. Nonrecurring tax collected by the Clerk of Circuit Court, which applies to any loan, note, or other obligation secured by a lien on Florida real property. For more information, call the Department of Revenue Service Center nearest you or Taxpayer Services.

For More Information From the Florida Department of Revenue:

For forms and general information, call Taxpayer Services, Monday-Friday, 8 a.m. to 5 p.m. ET, at 1-800-352-3671 (in Florida only) or 904-488-6800.

Hearing and speech impaired citizens should call 1-800-DOR-TDD1 (1-800-367-8331) or 904-922-1115.

For detailed written responses to your questions, write Taxpayer Services, 1379 Blountstown Hwy., Tallahassee, FL 32304.

Can I get information from you, rather than from the government?

Yes, just e-mail or phone. See the contact button for more information.

    For more information:
        Florida Intangible Tax - Individuals - Q & A
        Florida Intangible Tax Reduced on July 1, 2001
        What is the Florida Intangibles Tax?
        Kulzick Associates PA - Tax Services

Copyright 1998 Raymond S. Kulzick. All rights reserved. 981001.

This publication provides business, financial planning, and/or tax information to our clients. All material is for general information only and should not be acted upon without seeking appropriate professional assistance.


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Copyright 1998 Kulzick Associates, PA - Last modified: September 13, 2008