Tangible Information on the Intangible Tax

Do you own stocks, bonds, or shares of mutual funds?  If so, you may be required to pay tax on these holdings to the State of Florida.  To find out, visit the library system in January to attend a special program to give you tangible information on the Florida Intangible Tax.

Florida's intangible personal property tax is an annual tax based on the current market value, as of January 1, of intangible personal property owned, managed, or controlled by Florida residents or persons doing business in Florida.  Every Florida resident who (on January 1) owns, manages, or controls intangible personal property must file, unless the tax due before discount is less than $60. Florida residents whose intangible assets are held by security dealers and/or stockbrokers are included.

In January, the library system is presenting a special program to help you figure out the details of this tax.  Learn the new exemptions, gain an understanding of who must file and what is reportable, and how to avoid common filing mistakes to assist you in complying with the Intangible Personal Property Tax Law of Florida.  Preregistration for these programs is required.