State and Local Taxation: Navigating and Advising

Florida’s budget depends heavily on Sales and Use Tax collections, yet many transactions and services are not subject to the tax and there are well over 200 separate exemptions. Although Florida has no personal income tax, its Corporate Income Tax laws are often subject to conflicting interpretations; the Communications Services Tax was meant to simplify calculation and remittance, but that simplification has proven elusive; and the Documentary Stamp Tax as applied to land deals and financing can be confusing. For regulated industries, a proper understanding of the Insurance Premium Tax — and its interplay with the Corporate Income Tax and available credits — is critical to doing business in Florida.

For our insurance clients, Radey lawyers have assisted in all aspects of the Insurance Premium Tax and related issues, including determining amounts subject to the tax, identifying available credits, and addressing complex questions such as the retaliatory tax and the allocation of state fire-marshal taxes. Our work has included consulting and transactional services, representation in audits, challenges to assessments and tax rules, and mediation of tax disputes.