What types of business taxes are collected by the Florida Department of Revenue?

The Florida Department of Revenue collects various types of business taxes to support the state's operations and services. These include Sales and Use Tax, which applies to most retail sales of goods and services; Corporate Income Tax, levied on corporations and certain entities for their income earned in the state; Documentary Stamp Tax, charged on deeds, leases, mortgages, and other written obligations; Tangible Personal Property Tax, imposed on equipment, furniture, and fixtures used in businesses; and Fuel Tax, collected on motor and diesel fuel. Additionally, the Department collects Communication Services Tax, which includes taxes on wireless communications, landline telephone services, and satellite and cable television services. It is crucial for businesses to understand and correctly comply with these various taxes to fulfill their obligations while keeping the state's economy running smoothly.