What's New

By the Numbers

Personal Income Tax Features
Range of Tax Rates 1.6% - 7.4%
Standard Deduction
  • $6,300 ($12,600 for Married Couples)
  • Personal Exemption $4,000
    Dependent Exemption $4,000
    Earned Income Tax Credit (EITC) None
    Corporate Income Tax Features
    Range of Tax Rates N/A
    Income Level at Which Top Rate Applies N/A
    Combined Reporting 7.40%
    Apportionment Factor (Payroll) All
    Apportionment Factor (Property) Yes
    Apportionment Factor (Sales) 25%
    Sales Tax Features
    State Sales Tax Rate 6.00%
    Average Local Sales Tax Rate N/A
    Average Combined State & Local Sales Tax Rate 6.0%
    State Sales Tax Treatment of Groceries Taxed at regular rate, but offsetting credit/rebate is available
    Local Sales Tax Treatment of Groceries Taxed
    Number of Services Taxed 29 out of 168 surveyed (2007)
    Streamlined Sales Tax Membership No
  • Sales tax applies to digital goods and services
  • Property Tax Features
  • Provides a large homestead exemption for residential improvements only.
  • Other Tax & Revenue Features
    Gasoline Tax Rate (per gallon) $0.25
    Diesel Tax Rate (per gallon) $0.25
    Cigarette Tax Rate (per pack) $0.57
    Estate or Inheritance Tax No
    Net Lottery Sales Per Capita $87 (2010)
    Tax Policy Oversight
    Tax Expenditure Report Yes
    Tax Incidence Analysis Capability None

    Last updated January 13, 2015