April 1 is the deadline for filing the Tangible Personal Property tax for businesses in Florida. Tangible personal property (TPP) is stuff you can feel or touch that is moveable – basically anything that is not real estate or attached to real estate. Inventory is not included in tangible personal property tax, and it should not be confused with intangible property, which is assets you can own that have no physical substance, such as investments, trademarks, patents, etc.
TPP returns are filed with the county your business is located in. If you aren’t ready to file your TPP return, you can request an extension for 30 or 45 days, depending on the county. Check with your county for more information on extensions, forms, and other filing information.
If you aren’t located in Florida this website gives you a list of personal property tax deadlines by state.
Contact me if you need help with filing your business tangible personal property tax form.
