- quote -

Not quite.
"Every Florida resident who (on January 1) owns, manages, or
controls intangible personal property must file, unless the
tax due before discount is _less than_ $60."

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- quote -

Since the tax is $1 per $1000, the effective limit for
singles is actually $310,000 and for MFJs its $560,000.

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- quote -

"Intangibles tax scaled back

"About a half million investors will no longer have to pay
state taxes on stock, bond and mutual fund holdings in 2004.

"About 514,000 Floridians who pay the ''intangibles tax'' on
their securities holdings will be dropped from the rolls
starting today because of a change lawmakers made back in
2001. The break will cost the state an estimated $112
million next year.

"The law increases the amount exempt from the tax. The first
$20,000 in securities holdings had been exempt from the tax.
Now, the minimum will be $250,000 before the tax must be
paid, removing 142,000 individuals from the rolls.

"The exemption for couples also increases from $40,000 to
$500,000 under the measure, which will result in another
372,000 people being freed.

"The law also creates a new exemption of $250,000 for
businesses that have stock and bond holdings."

------
Also, non-payment of tax due of less than $60 will continue.

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