|
Home>Business Environment>Taxes |
| |
Taxes
|
|
According to a
recent report
by nationally-recognized consultants, Ernst &
Young, North Carolina has one of the
nation’s lowest effective business tax rates.
North Carolina’s state and local business taxes
are overall lower than neighboring states. An
overview of the tax structure in North Carolina
is presented below. |
| |
|
Corporate Income Tax
6.9% |
| |
|
Franchise Tax: $1.50 per
$1,000 of the largest of the following: |
-
Capital
stock, surplus, and undivided profits
-
55% of
appraised value of property subject to
taxation
-
Book
value of real property in NC less debt
to acquire
|
|
Unemployment Insurance Tax
|
-
North Carolina
Minimum Tax Rate: 0.00%
-
New Employer Tax
Rate (first 2 years): 1.2%
-
North Carolina
Maximum Tax Rate: 6.84%
-
Taxable Wage
Base (per employee): $17,80
|
|
Workers Compensation Tax
|
|
|
|
State Sales Tax
Rate
4.25 % |
| |
|
County Sales Tax
Rate (Northeast North Carolina Counties)
2.50% |
| |
|
| |
