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:
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.