Getting the receipt to the new owner
- Find your current local business tax receipt and check the account details on it
- Check whether your location also needs a receipt from Jacksonville Beach, Atlantic Beach, Neptune Beach or Baldwin
- Agree with the buyer on who handles the transfer and who pays the next renewal
- Submit the ownership change through the Yates Branch or by email to the business tax department
- Confirm the buyer receives a receipt in their name before the September 30 expiration
Who issues the receipt in Jacksonville
Jacksonville and Duval County consolidated in 1968, so most of the county is one government. The local business tax receipt for that area is issued by the Duval County Tax Collector.
The receipt is not a professional license. It is a local tax on the privilege of doing business at a location. Many fields also need state licenses on top of it, and those follow their own rules.
Because the receipt is tied to both the business and its location, a sale is a natural time to make sure it is correct. A buyer, their lender or their landlord may ask to see it.
Transferring the receipt for $6
Jacksonville receipts are transferable between owners and between locations. The transfer fee is $6. That is a small cost for a step that avoids a new application and keeps the business in good order.
Florida law caps receipt transfer fees at 10% of the annual tax, with a floor of $3 and a ceiling of $25. Jacksonville's $6 fee falls inside that range.
Changes go through the Yates Branch of the Tax Collector downtown, or by email to the local business tax department at [email protected]. Have your receipt details and the buyer's company information ready.
- In an asset sale, the buyer is usually a new company, so the receipt moves to that company's name.
- If the buyer is moving the business, the location change can be handled too.
- In a stock sale, the company stays the same, but contacts and ownership details may need updating.
Why September 30 matters for your closing
Jacksonville local business tax receipts expire September 30 each year. Renewals for the next year come due around that date, so a closing in late summer or early fall needs a plan.
If you close in August, decide who pays the renewal. If you close in October, the receipt may already be renewed in your name, and the buyer simply takes it over by transfer.
Write the answer into the purchase agreement or closing checklist. It is a minor cost, but a missed renewal can cause trouble for the buyer in their first weeks.
Beach cities and Baldwin charge their own
Not every address in Duval County falls only under the consolidated government. Jacksonville Beach, Atlantic Beach, Neptune Beach and Baldwin are their own municipalities, and they charge their own municipal business tax too.
So a restaurant or shop in Jacksonville Beach may hold two receipts: one from the county and one from the city. Each one needs its own update after a sale.
If your company works from one of those cities, contact that city's business tax office about its transfer process. Our page on selling a company in Jacksonville Beach covers more about that market.
Other counties if you have more than one location
Many Northeast Florida companies have a second shop or office outside Duval. A location in St. Johns, Clay or Nassau County falls under that county's own local business tax rules, and sometimes a city's as well.
Make a short list of every receipt your company holds before closing. Check each location with the county and city it sits in, rather than assuming the Duval process applies everywhere.
Service businesses that work across county lines, such as pool service companies, should check where their receipts are actually required.
What the buyer will want from you
A buyer usually asks for a copy of each receipt during diligence, along with any state licenses the business needs. It helps them confirm the company is set up properly at each address.
Gather the receipts, the account numbers and the dates they were last renewed. If anything is out of date, fix it before the buyer finds it. A small gap looks bigger when someone else discovers it.
Keep copies for your own files after closing as well. If a question comes up about who held the receipt for a given year, you will have the answer.
Put it on the closing list
The receipt rarely holds up a deal, but it is easy to forget. Put it on the same list as utility transfers and the sales tax account. Our page on selling a Jacksonville company shows where these final items fall.
Your CPA or closing attorney can confirm which receipts apply to your locations and who should file each change.
Curious what your Jacksonville company is worth before you start? Request a private value range or call (904) 555-0129.
