Since the mid-'70s, Florida has abolished the intangible tax
on investments and cut rates for estate taxes.
Such lessees may find themselves taxed twice, once on the value of the lease itself through the intangible tax
, and again on an ad valorem basis with regard to the underlying property.
base by enacting the 2003 amendment may have come a bit too late.
There's an intangible tax
on real estate transactions in Florida.
Part of Florida's tax reform initiatives during this dine of economic prosperity has included chipping away at Florida's intangible tax
on accounts receivable.
Domestic corporations had also been subject to an intangible tax
on their investments in corporate stock.
File state tangible and intangible tax
returns, as required, in the new state.
58) A Florida domiciliary who owns intangible personal property must annually file an intangible tax
Addition of 1041 Fiduciary Tax Software (federal only), Colorado state software for business products and intangible tax
returns for Florida and Tennessee.
The law also requires Florida taxpayers to file intangible tax
electronically if the individual taxpayer, couple or business owes $30,000 or more in tax.
If the senior family member is a Florida resident, it would be very difficult for the senior member to give up control for intangible tax
purposes, yet retain control of the partnership otherwise.
Ledger case in 1997, in which the Kentucky Supreme Court held the Kentucky intangible tax
on stocks and deposits (a tax enacted in 1907) discriminatory and unconstitutional resulting in refunds to Kentucky taxpayers of more than $180 million.