What's New

By the Numbers

Personal Income Tax Features
Range of Tax Rates N/A
Standard Deduction
  • N/A
  • Personal Exemption N/A
    Dependent Exemption N/A
    Earned Income Tax Credit (EITC) None
  • No broad based personal income tax
  • Corporate Income Tax Features
    Range of Tax Rates N/A
    Income Level at Which Top Rate Applies N/A
    Combined Reporting 5.50%
    Apportionment Factor (Payroll) All
    Apportionment Factor (Property) No
    Apportionment Factor (Sales) 25%
    Sales Tax Features
    State Sales Tax Rate 6.00%
    Average Local Sales Tax Rate 0.65%
    Average Combined State & Local Sales Tax Rate 6.65%
    State Sales Tax Treatment of Groceries Exempt
    Local Sales Tax Treatment of Groceries Exempt
    Number of Services Taxed 63 out of 168 surveyed (2007)
    Streamlined Sales Tax Membership No
  • Sales tax holiday offered in 2014
  • Property Tax Features
  • Homestead assessment increases capped at 3% per year.
  • Provides one of the largest property tax homestead exemptions in the country
  • Other Tax & Revenue Features
    Gasoline Tax Rate (per gallon) $0.364
    Diesel Tax Rate (per gallon) $0.305
    Cigarette Tax Rate (per pack) $1.339
    Estate or Inheritance Tax No
    Net Lottery Sales Per Capita $198 (2010)
    Tax Policy Oversight
    Tax Expenditure Report Yes
    Tax Incidence Analysis Capability None

    Last updated January 13, 2015