Taxes
|
| State Corporate
Income Tax |
6% |
| Real
Estate Tax Rate |
$1.10/$100,
full assessed value |
| Business
Personal Property Tax Rate |
$4.25/$100
on 1/3 original cost |
Vehicle tax |
$4.25/$100,
full assessed value
Boats of 5 tons and over $0.90/100
(initial assessment based on 85% of cost, reduced 5%
for each year since purchase; subsequent assessments
= 90% of previous year's assessment to minimum assessment
of $3,000) |
Machinery and
Tool Tax |
$3.75
per $100 on 1/3 original cost |
| State
Communications Sales Tax |
5% |
| Public Right-of-Way
Use Fee |
$0.64
monthly per subscriber per line (applies to cable television
and landline telephone service) |
State Telephone
911 Tax |
$0.75
monthly per landline telephone line |
| Electrical
Utility Tax |
$2.29
+ $0.013859 per kWh on first 2,721 kWhs + $0.003265
per kWh on remainder; $80.00 maximum levy |
| Natural
Gas Utility Tax |
$1.29
+ $0.067602 per CCF on first 128.91 CCFs + $0.032576
per CCF on remainder;$55.00 maximum levy |
Sales Tax |
5.0%
(4.0% state and 1% local) |
Meals Tax |
6.5%
(plus sales tax) |
Hotel Tax |
7.5% |
| Admissions Tax |
7.5% |
| Daily Rental Tax |
1.0% |
| Cigarette Tax |
20's/
$0.65 |
25's/
$0.8125 |
30's/$0
.9750 |
| Business License
Fees |
| Contracting and
Constructing |
$0.15
per $100 on total gross receipts when gross exceeds
$100,000 |
| Financial, Real
Estate or Professional Services |
$0.58
per $100 on total gross receipts when gross exceeds
$100,000 |
Repair, Personal,
Business and Other Services |
$0.36
per $100 on total gross receipts when
gross exceeds $100,000 up to $5,000,000 plus
$0.05 per $100 on gross receipts
in excess of $5,000,000 |
| Retail
Merchants |
$0.20
per $100 on total gross receipts on the first $50,000,000
plus $0.05 per $100 on gross receipts
in excess of $50,000,000 |
|
Wholesale
Merchants |
$50.00
on first $10,000 of gross receipts plus
$0.20 per $100 of gross receipts over $10,000 |
| Manufacturers
and Distributors |
None |
| Software Developers |
None |
