
Governmental Leasehold Intangible Personal Property Tax Return For Year: 2023DR601G R. 01/16 Page 1 TCRule 12C2.0115 Florida Administrative Code Effective 01/16FEIN : SSN (if no FEIN) : Business Partner.
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How to fill out the 12C-2 : INTANGIBLE PERSONAL PROPERTY TAX online
Filling out the 12C-2 : Intangible Personal Property Tax form online doesn't need to be daunting. This guide provides you with clear, step-by-step instructions to help ensure that you complete your tax return accurately and efficiently.
Follow the steps to successfully complete your tax return online.
- Click ‘Get Form’ button to obtain the form and open it in your preferred editor.
- Enter your Federal Employer Identification Number (FEIN) or Social Security Number (SSN) if no FEIN is available, along with any relevant business partner number and contract object number in the appropriate fields.
- Provide the annual rental payment on Line 1. This is based on the market rent for the property you lease.
- Use the Valuation Factor Table to enter the valuation factor that corresponds to the number of years remaining on your lease on Line 2.
- Calculate the taxable amount by multiplying the value on Line 1 by the valuation factor on Line 2 and enter the result on Line 3.
- Determine the tax due by multiplying the amount on Line 3 by .0005 and place this amount on Line 4. If the total is under $60, you may file without payment.
- If you are filing after the due date, refer to the penalty and interest section to properly calculate amounts for Line 6, which includes both penalties and interest, if applicable.
- Complete Line 7 to calculate your total payment due based on whether your return is filed on or before the due date.
- If you have made payments with an extension, enter that amount on Line 8.
- Finally, calculate the payment due by subtracting the amount on Line 8 from the total on Line 7. Enter this final amount on Line 9.
- Review the entire form for accuracy before signing and dating the document. Ensure all required fields and additional information, like contact details, are accurately filled out.
- Once completed, save your changes, download, print, or share the form as necessary.
Start filling out your documents online today to ensure timely and accurate submission.
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What is Florida intangible personal property tax?
Florida's intangible personal property tax was an annual tax on the market value of intangible property, such as stocks, bonds, and mutual fund shares, owned by Florida residents and businesses.
Who must file Florida tangible personal property tax return?
WHO MUST FILE A RETURN? Any business owner or self-employed contractor owning tangible personal property on January 1st must file a return each year as required by Florida Statutes 193.052 and 193.062. Property owners that loan, lease or rent tangible property to others must also report such property.
How much is the intangible tax in Florida?
In Florida, the intangible tax on a mortgage is 2 mills, meaning the tax is calculated by multiplying the mortgage amount by 0.002. For example, a $200,000 mortgage would incur $400 in intangible tax.
Who pays intangible tax in Florida calculator?
The lender is the taxpayer for the nonrecurring intangible tax. The nonrecurring intangible tax is paid at the time the mortgage is filed or recorded in Florida.
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