What's New

By the Numbers

Personal Income Tax Features
Range of Tax Rates 0.9% - 6.9%
Standard Deduction
  • $2,200 ($4,400 for Married Couples)
  • Personal Exemption Credit=$26
    Dependent Exemption Credit=$26
    Earned Income Tax Credit (EITC) None
  • Notable capital gains preference
  • Corporate Income Tax Features
    Range of Tax Rates N/A
    Income Level at Which Top Rate Applies N/A
    Combined Reporting 1.00% - 6.50%
    Apportionment Factor (Payroll) $100,000
    Apportionment Factor (Property) No
    Apportionment Factor (Sales) 25%
    Sales Tax Features
    State Sales Tax Rate 6.50%
    Average Local Sales Tax Rate 2.45%
    Average Combined State & Local Sales Tax Rate 8.95%
    State Sales Tax Treatment of Groceries 1.5%
    Local Sales Tax Treatment of Groceries Taxed
    Number of Services Taxed 72 out of 168 surveyed (2007)
    Streamlined Sales Tax Membership Full
  • "Amazon law" in effect
  • Vendor Compensation available with high ceiling
  • Sales tax holiday offered in 2014
  • Property Tax Features
  • Provides a homestead credit.
  • Other Tax & Revenue Features
    Gasoline Tax Rate (per gallon) $0.218
    Diesel Tax Rate (per gallon) $0.228
    Cigarette Tax Rate (per pack) $1.15
    Estate or Inheritance Tax No
    Net Lottery Sales Per Capita $124 (2010)
    Tax Policy Oversight
    Tax Expenditure Report Yes, but excludes at least one major tax
    Tax Incidence Analysis Capability None

    Last updated January 13, 2015