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  • Fully phasing out the corporate income tax over time will allow companies to receive the greatest return on their investment, expand their businesses and create jobs
  • The eventual elimination of the corporate income tax will remove a major barrier to attracting Florida job creators such as future Fortune 100, Fortune 500 and other growing companies
  • Increase the corporate income tax exemption to $50,000, leading to the elimination of the tax for another 25% of businesses - this will help small businesses

 

Corporate Income Tax Rates by State
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2009 Corporate Income Taxpayers by Size
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Eliminate Florida's Coporate Income Tax
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Governor's Recommended Appropriations Bill (PDF 290kb) | View Budget Details

INTRODUCTIONSTEP 1
ACCOUNTABILITY BUDGETING
STEP 2
REDUCE GOVERNMENT SPENDING
STEP 3
REGULATORY REFORM
STEP 4
FOCUS ON JOB GROWTH AND RETENTION
STEP 5
WORLD CLASS EDUCATION
STEP 6
REDUCE TAXES
STEP 7
PHASE OUT FLORIDA'S CORPORATE INCOME TAX
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Users are on notice that the budget contains budget information developed throughout the budget process, including Governor's recommendations and legislative appropriations. Users are cautioned not to assume that the information represents the actual state budget. For example, the Governor's Budget Recommendations are merely recommendations, not the actual state budget.