01/18/05 - Now is the Time to Repeal Florida's Intangibles Tax

by Randall Holcombe
January 18, 2005

In 1997 the legislature agreed to begin a repeal of Florida's intangible property tax, which is a state tax on the holdings of stocks, bonds, and other financial assets.  At that time the rate stood at two mills, and they agreed to reduce that rate by half a mill per year until, after four years, the tax was eliminated.

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Point-of-View

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