St. Pete’s Tax Climate is Welcoming to Business

One of St. Petersburg, Florida's attractions for businesses and individuals is its tax climate. Businesses that relocate or expand here benefit from:

  • The #4 state business tax climate in the country, behind only WY, SD, and AK
  • The 2nd lowest state tax collection per capita
  • 0% individual income tax
  • Corporate income tax rate lower than GA, NY, NJ, IL, TN, MD, VA, DC, and CA, among others
  • St. Pete's status as the best-run city in Florida
  • St. Petersburg, Pinellas County, and Florida grants and tax credits for creating jobs in target industries and locations

Sources: Tax Foundation: 2024 State Business Tax Climate Index, Facts & Figures 2024; Wallet Hub: Best & Worst-Run Cities in America 2023

Interested in learning how St. Pete helps innovative companies to thrive in our vibrant and authentically warm business community?

Download your copy of our Become St. Pete brochure.

Leave a Reply

Your email address will not be published. Required fields are marked *