| Corporate And Personal Income Tax Rates |
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| State Taxes |
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| Personal
Income Tax |
None (Prohibited by State Constitution) |
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| Business
Inventory |
None (Prohibited by State Constitution) |
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| Corporate
Franchise Tax |
None (on capital stock) |
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| Gross
Receipts Tax |
None (except by persons receiving payments for
utilities) |
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| Corporate
Income Tax |
5.5% of Florida net income. An exemption of
$5,000 is available. |
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| State
Sales Tax |
6.5% (exemptions available; includes .5% local
option) |
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| Gasoline
Tax |
14.1 cents per gallon (counties are allowed to
impose additional taxes) |
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| Unemployment Tax |
Paid on the first $7,000 wages of an employee
per calendar year. |
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| Rate of 2.7% of
net taxable wages for a new employer. |
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| Rate will
increase or decrease based on employer's experience rating. |
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| (Low .0010 -
High .0540) |
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| Source:
Florida Dept.of Revenue |
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| Local Taxes |
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| 2011 Millage
Rates |
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| County millage
paid by city taxpayers |
14.9504 |
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| County millage
paid by county taxpayers |
15.5613 |
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| School Millage
Rates |
7.9600 |
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| Unincorporated Municipal Service Taxing Unit Fund |
0.6109 |
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| Cities Within
the County Levy Additional Millage as Follows: |
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| City of Anna
Maria |
2.0500 |
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Local Option Gas Tax |
$.06 per gallon |
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| City of
Bradenton |
5.2002 |
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Local Sales Tax |
0.5% |
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| City of
Bradenton Beach |
2.1359 |
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Local Option Tourist Tax |
5% |
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| City of Holmes
Beach |
1.7500 |
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(rental
charges for rooms rented for less than 6 months) |
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| Town of
Longboat Key |
1.8872 |
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| City of
Palmetto |
5.1185 |
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| Source:
Manatee County Tax Collector's Office |
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