Favorable Tax Environment
Florida offers a highly favorable tax environment:
- No corporate income tax on limited partnerships.
- No corporate income tax on sub chapter S-corporations.
- No state personal income tax guaranteed by Constitutional provision.
- No corporate franchise tax on capital stock.
- No state-level property tax assessed.
- No property tax on business inventories.
Half of Palm Beach County's Corporate Headquarters are Located in Boca Raton.
By The Numbers:
Quick Facts
- Incorporated: 1925
- Area: 28 square miles
- Population: 88,766
- Annual Budget: $687 million
- Bond rating: AAA
- Number of parks: 46
- Park acreage: 1,649
- Conservation acres: 384
- Public beach miles: 5
- Pedestrian/bike paths/bike lanes and trail miles: 94
- Libraries: 2
- Fire stations: 8
- Airports: 1
- Average Age: 45
- Colleges and Universities: 5
- Schools (K-12, Public and Private): 28
- Office Space (square feet): 12 million
