Best Tax Attorneys in Palm Coast

Frequently Asked Questions

• Where does the Tax Court hold trial sessions closest to Palm Coast, Florida?

  The nearest Tax Court trial location to Palm Coast is the United States Courthouse located at 300 North Hogan Street, Jacksonville, FL 32202.

• Where is the low-income taxpayer clinic that is closest to Palm Coast, Florida?

  The University of Florida LITC, located at 309 Village Drive, PO Box 117620, Gainesville, FL 32611, is the closest low-income taxpayer clinic to Palm Coast.

• What is the sales tax rate in Palm Coast?

  In Palm Coast, vendors are required to levy a 7.00% sales tax on all relevant sales, comprising 6.00% state tax and 1.00% county tax. The tax applies to zip codes 32135, 32137, and 32164 transactions. Merchants must include this tax on their invoices. Nevertheless, there exist exceptions such as alcohol, tobacco, and gas which, rather than being subject to this sales tax, encounter an excise tax. Vendors should verify their district's zip code to ensure proper tax collection.

• Who is required to obtain a local business tax receipt in Palm Coast?

  Any activity, profession, joint venture, or enterprise within Palm Coast that offers a product or a service to patrons, clients, or customers must acquire a local business tax receipt. This requirement applies to all operations advertising at an address within the city via signs, newspapers, or other media. Prospective holders can secure this receipt in person at the City Hall or by electronically submitting the necessary documents.

• What are the tax obligations of property insurers in Palm Coast?

  Every insurer that offers property insurance in Palm Coast must pay an annual excise or license tax. The tax equates to 1.85% of the total gross premiums collected from policyholders within the city boundaries. This amount is due each year on July 1, and it's charged in addition to any existing city-imposed license or excise taxes.

• When should hotel owners in Palm Coast remit the tourist development tax?

  Hotel owners in Palm Coast must remit tourist development tax monthly or quarterly by the 1st day of the subsequent month. Failure to pay or postmark the payment by the 20th day of that month will result in delinquency. Moreover, a return is required even if no tax is collected. Owners can deduct a 2.5% collection allowance, up to $30, from the first $1,200 tax if the return is timely submitted.

• Who is eligible for exemption from tourist development tax in Palm Coast?

  Palm Coast residents with a valid Florida Department of Revenue exemption certificate are eligible for tourist development tax exemption. Additionally, those who have a bona fide written lease for a duration exceeding six months and one day are exempt from the tax. If no written agreement exists, property owners must collect and remit the tax for the initial six months, granting subsequent exemption to tenants who maintain uninterrupted residence.