Interest Rates
Interest is assessed on the amount of taxes or fees due that was not paid on time. This includes late or underpayments of taxes or fees, and
collection allowances (credits) that have been reduced due to underpayments of tax or disallowed because the return was filed late. A floating
rate of interest applies. Florida's interest rate is updated twice a year, on January 1 and July 1. Current and past year's interest
rates are published in Tax Information
Publications (TIPs).
- The floating rate of interest is 7% for January 1, 2021 through June 30, 2021.
Read more in
TIP #20ADM-02
.
- The floating rate of interest remains at 9% for July 1, 2020 through December 31, 2020. Read more in
TIP #20ADM-01
.
To calculate interest due with your tax return:
- Get the daily interest rate factor(s) for the filing period(s) from the appropriate Tax Information Publication.
- Calculate the number of days your return is late by counting the number of days from the “late after” date on the return through
the date the return and payment are postmarked by the U.S. Postal Service or hand-delivered to the Florida Department of Revenue.
Include the day the return and payment are postmarked or hand-delivered when calculating the number of days late.
- Multiply the amount of tax due by the number of days late and then by the appropriate daily interest rate factor(s).
Example 1: A taxpayer owed $1,000 with his November 2013 Florida sales and use tax return (due 12/20/13). The taxpayer
filed the return and paid the tax due on March 10, 2014. The return and payment are 80 days late and the daily interest rate for December 2013
to March 2014 was used. The interest amount due is computed as follows:
Tax Due |
x |
Number of Days Late |
x |
Daily Interest Rate Factor |
= |
Interest Due |
$1,000 |
x |
80 (12/21/13-3/10/14) |
x |
.000191781 |
= |
$15.34 |
Example 2: A taxpayer owed $5,000 with their September 2009 Florida sales and use tax return (due 10/20/09). The taxpayer
filed the return and paid the tax on February 10, 2010. The return and payment are 113 days late. Two different daily interest rate factors
must be used in the calculation because the interest rate changed on January 1, 2010. For the period 10/20/09 to 12/31/09 the daily interest
rate is .000219178 and for the period 1/1/10 to 2/10/10 the daily interest rate is .000191781. The interest amount due is computed as
follows:
Tax Due |
x |
Number of Days Late |
x |
Daily Interest Rate Factor |
= |
Interest Due |
$5,000 |
x |
72 (from 10/21/09 to 12/31/09) |
x |
.000219178 |
= |
$ 78.90 |
$5,000 |
x |
41 (from 1/1/10 to 2/10/10) |
x |
.000191781 |
= |
$ 39.32 |
Total Interest Due: $118.22 |
Communications Services Tax Rates
Corporate Income Tax Rate
The Florida corporate income/franchise tax rate is reduced from 5.5% to 4.458% for taxable years beginning on or after January 1, 2019, but before
January 1, 2022. Further reduction in the tax rate is possible for taxable years beginning on or after January 1, 2020, and January 1, 2021.
Taxable Year Beginning |
Prior to 1/1/2019 |
1/1/2019 - 12/31/2021 |
On or after 1/1/2022 |
Taxable Rate |
5.5% |
4.458% |
5.5%
|
Taxpayers that have a 52 - 53 week taxable year beginning on or about January 1 and ending on or about December 31 have the same tax rates as a calendar
year-end taxpayer. For more information, see the Department's Corporate Income Tax webpage.
Fuel and Pollutant Tax Rates
Fuel Tax Rates
Find rates for
2021
and
2020

Pollutants Tax Rates
Pollutant Type |
Tax Rate |
Coastal Protection
| 2 cents per barrel |
Inland Protection
| 80 cents per barrel |
Hazardous Waste Management
| $5 per gallon of perchloroethylene |
Water Quality
|
- 2.5 cents per gallon of motor oil and other lubricants
- 5.9 cents per gallon of solvents (including perchloroethylene)
- 5 cents per barrel of petroleum products, pesticides, and chlorine
- 2 cents per barrel of ammonia
|
Note: Pollutants tax rates are not tied to the Consumer Price Index and do not change each year.
Gross Receipts Tax Index Prices
Natural/Manufactured Gas Index Prices per 1,000 cubic feet
effective July 1, 2020 through
June 30, 2021
Residential |
Commercial |
Industrial |
$21.54 |
$11.20 |
$6.38 |
For more information, read TIP #20B06-01
.
Natural/Manufactured Gas Index Prices per 1,000 cubic feet
effective July 1, 2019 through
June 30, 2020
Residential |
Commercial |
Industrial |
$21.56 |
$10.97 |
$6.17 |
For more information, read
TIP #19B06-01
.
Municipal Public Service Tax Rates
Municipalities and charter counties collect municipal public service tax (MPST) and report the tax rates to the Florida Department of Revenue. You can
search the Department's MPST database or
download a spreadsheet containing all MPST rates
.
Reemployment (Unemployment) Tax Rate
When a new employer becomes liable for the tax, the rate is 2.7% (.0270) and remains at that rate until the employer has reported for 10 quarters (11 quarters
in some cases). At that time, a tax rate will be calculated using the employment record and the rating factors, which are built into the Reemployment Assistance Program Law.
Rate notices are mailed to all contributing employers each year in December. An employer may appeal the tax rate within 20 days from the date of notification
(date printed on the Reemployment Tax Rate Notice (Form RT-20). The maximum tax rate allowed by law is 5.4% (.0540), except for employers participating in the Short
Time Compensation Program. Visit the Department's Reemployment Tax webpage for
more information.
Sales and Use Tax, Surtax, E911 Fee, Asphalt Use Tax Index Rates
Sales and Use Tax and Discretionary Sales Surtax Rates
Florida's general sales and use tax rate is 6% with the following exceptions: 4% on amusement machine receipts, 5.5% on the lease or license of
commercial real property, and 6.95% on electricity.
Discretionary sales surtax (also called county tax) is imposed by many Florida counties and applies to most transactions subject to sales tax. The Florida Department of
Revenue collects both taxes and distributes the surtax back to the counties. The discretionary sales surtax rate depends on the county. To compute the sales tax rate for each
county, add the local option surtax rate to the general sales tax rate. The Discretionary Sales Surtax Information
(Form DR-15DSS) lists the counties and their
rates. The History of Local and Current Sales Tax Rates
lists the counties and their historical local tax rates.
When sales transactions fall below or in between whole dollar amounts, you must use the bracket system to calculate the tax between whole dollar amounts. Under the
bracket system, the actual tax collected may be more than a straight percentage of the total sales made during the reporting period.
The Common Sales Tax Brackets (Form DR-2X
) includes brackets for the combined state rate and
various discretionary sales surtax rates.
Address/Jurisdiction Database
If you need tax rates for a specific address, use the Department's Address/Jurisdiction Database. The database contains the following rates for each address: communications services tax, discretionary sales surtax, insurance premium tax, and sales
and use tax.
Prepaid Wireless E911 Fee
The prepaid wireless E911 fee is 40 cents on the sale of each prepaid wireless service that allows a caller to connect to and interact with
the Enhanced 911 (E911) System. If a prepaid wireless device is sold with prepaid wireless service of 10 minutes or less, or for $5 or less, the seller may elect not
to apply the prepaid wireless E911 fee to the sale.
The E911 Board may adjust the rate of the fee, if necessary, to ensure full cost recovery or prevent over-recovery of costs incurred in providing
E911 service. Any rate change will be posted to the Department's website. A written notice for each fee rate change will be issued to sellers at
least 90 days before the effective date of the change.
Asphalt Use Tax Index
The tax rate used by contractors who manufacture and use asphalt during fiscal year July 1, 2020 through June 30, 2021 is 82 cents per ton. For more information, read
Tax Information Publication #20A01-03
.
Severance Tax Rates (Solid Mineral Severance, Gas and Sulfur Production, Oil Production, and Miami-Dade County Lake Belt Mitigation Fee/Water Treatment
Plant Upgrade Fees)
Miami-Dade Lake Belt Mitigation Fee
Use the following mitigation fee rates and water treatment plant upgrade fee rate:
Mitigation Fee Rates:
July 1, 2015 through December 31, 2015 |
45 cents |
Calendar year 2016 |
25 cents |
Calendar year 2017 |
15 cents |
Calendar year 2018, and thereafter |
5 cents |
These fee rates should be used indefinitely until a statutory change is enacted by law.
Water Treatment Plant Upgrade Fee Rate:
July 1, 2015 through June 30, 2018* |
6 cents |
Note: The Water Treatment Plant Upgrade Fee expires on July 1, 2018. For more information, read
TIP #15B07-03
.
Gas and Sulfur Production Tax Rates
For gas and sulfur tax rates for the year 2020-2021, read
TIP #20B07-02
.
Oil Production Tax Rates
Ordinary Oil Production |
8% |
Small Well Production |
5% |
Tertiary Oil Production |
- 1% is levied on the first $60.00 of value
- 7% is levied on a value greater than $60.00 and less than $80.00
- 9% is levied on a value greater than $80.00
See TIP #09B07-03R
 |
Escaped oil production |
12.5% |
Note: Oil production rates are not tied to the Consumer Price Index and do not change each year.
Solid Mineral Tax Rates
For solid mineral tax rates for the year 2020, read TIP #20B07-01
.
Transient Rentals Local Option Tax Rates
Local option taxes on transient rentals vary by county. For current rates and to see whether the local tax is paid to the Florida Department of Revenue or the county, access the
Local Option Transient Rental Tax Rates (Tourist Development Tax Rates)
(Form DR-15TDT
).