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SMALL BUSINESS NEWS

6 June 2011

 

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Lower Taxes for some Florida Small Businesses

In May 2011 Florida Governor Rick Scott reached agreement with state legislatures to reduce the tax burden on 15,000 small businesses.  Though he was unable to get legislatures to lower the tax rate below 5.5%, he was able to get agreement on raising the corporate income tax exemption level from $5,000 to $25,000.  This means that 15,000 small businesses will not have to pay taxes.  A small victory for small businesses in the state of Florida

 

By Owen Daniels

 

 

 

 

 
 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

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