Who Pays Corporate Income Tax in Florida?

Recent data shows that less than 1 percent of businesses in Florida pay a state corporate income tax. Enacting “combined reporting” would help make the state tax code more equitable and generate hundreds of millions in new revenue that could be invested in affordable health care, public schools, and other crucial programs and services.


On March 24, 2022, Rep. Angela “Angie” Nixon submitted a request for Corporate Income Tax (CIT) information from Florida’s Department of Revenue (DOR). The request included questions to learn about the CIT base in the state. On May 5, 2022, Jim Zingale, the executive director of Florida’s DOR, responded with data for tax year 2020 — the most recent year for which data was available — and addressed most of Rep. Nixon’s questions. The data underscores the need to ensure that all businesses, including wealthy corporations, who reap the benefits of operating in Florida contribute to the state’s shared prosperity.

Downloadable Resources

There are no attachments currently.
No items found.