• Intangible Tax Trusts
  • January 9, 2004 | Author: Carl S. Rosen
  • Law Firm: Broad and Cassel - Boca Raton Office
  • There is currently an opportunity for individuals to avoid Florida's intangible tax. The intangible tax is generally imposed at the rate of 0.1% on intangible personal property (such as stocks and bonds) of Florida residents as of January 1 of each year. There are certain exemptions from the tax, such as interests in U.S. Treasury bills and Florida bonds.