WebJun 1, 2024 · New Member. June 1, 2024 8:19 AM. Florida does not have an individual state income tax, but does have corporate income taxes. Therefore, if you own this rental property as an individual, you would not owe any income tax on the rental income. But, if you have a business that owns the property, then your business may owe taxes. WebApr 9, 2024 · A business tax receipt (BTR) is a proof of payment of that business tax. Florida businesses are required to obtain a BTR prior to opening, sometimes from both the city and county their business will operate within, depending on the local municipal code. BTRs must also be renewed annually to avoid legal penalties.
Gisella Pankow, CPA - Senior Tax Accountant - LinkedIn
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Florida Dept. of Revenue - Corporate Income Tax
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