|
Tax |
Rate (%) |
|
Corporate Income (flat tax) |
7.9 |
|
Apportionment (sales/property/payroll) |
50/25/25 |
|
Sales/Use (optional county rate*) |
5 (.05) |
|
Property Tax (full value state av. rate) |
2.211 |
|
Long-term Capital Gains Exclusion |
60 |
|
Manufacturing Machinery & Equipment |
Exempt |
|
Manufacturing & Merchant Inventories |
Exempt |
|
Manufacturing Energy |
Tax Credit |
|
Pollution Controls Equipment |
Exempt |
|
Materials Consumed |
Exempt |
|
Computer Equipment |
Exempt |
|
Unemployment Compensation (base) |
$10,500 |
|
Worker's Compensation (mfg. average) |
$4.43/$100.00 |
|
Personal Income (married, joint filing) |
$20,000+/6.55% |