Tax Information
Tax |
State |
Local |
Sales and Use |
7%; 5% on food |
1.50% - 2.75% |
General Business Tax |
None |
$1.4975 - $7.78 for each $100 of assessed value |
Local Business Tax |
None |
up to 1/8 of 1% gross sales |
Corporate/Excise |
6.5% on net earnings |
None |
Franchise |
0.25% of the greater of net worth or real/tangible property |
None |
Personal Income |
6% of interest, dividends |
None |
Initial Corporate Organization Fee |
$100 - $600 |
None |
Unemployment Insurance |
2.7% first $9,000 per employee for manufacturing sector |
None |