Florida imposes a corporate income tax on businesses operating within the state. As of 2024, the corporate tax rate is 5.5%, which is applied to a company’s net income after allowable deductions and credits. This rate is relatively low compared to some other U.S. states, making Florida an attractive location for businesses. However, the state does not have a franchise tax like some ot... https://abbasaccounting.com/services/corporate-income-tax/