Florida State Tax: Florida does not have a state income tax. Florida Corporate Income Tax: Corporations that do business and earn income in Florida must file a corporate income tax return (unless they are exempt). Florida Property Tax: Florida Property Tax is based on market value as of January 1st that year.
Hawaii and Arizonaâwith the exception of the stateâs Navajo Nationâdo not observe daylight saving time, and the U.S. territories of American Samoa, Guam, Puerto Rico, the Virgin Islands and the Northern Mariana Islands also remain on standard time year-round.
In response to the Uniform Time Act of 1966, each state of the US has officially chosen to apply one of two rules over its entire territory: 1  Most use the standard time for their zone (or zones, where a state is divided between two zones), except for using daylight saving time during the summer months.