What's New

By the Numbers

Personal Income Tax Features
Range of Tax Rates 1.5% - 6%
Standard Deduction
  • $6,300 ($12,600 for Married Couples)
  • Personal Exemption $2,600 (Extra $1,400 for Head of Household Filers)
    Dependent Exemption $1,200
    Earned Income Tax Credit (EITC) None
  • Deduction for federal income taxes paid
  • Corporate Income Tax Features
    Range of Tax Rates N/A
    Income Level at Which Top Rate Applies N/A
    Combined Reporting 6.25%
    Apportionment Factor (Payroll) All
    Apportionment Factor (Property) No
    Apportionment Factor (Sales) 0%
    Sales Tax Features
    State Sales Tax Rate 4.225%
    Average Local Sales Tax Rate 3.225%
    Average Combined State & Local Sales Tax Rate 7.45%
    State Sales Tax Treatment of Groceries 1.225%
    Local Sales Tax Treatment of Groceries Taxed
    Number of Services Taxed 26 out of 168 surveyed (2007)
    Streamlined Sales Tax Membership No
  • Sales tax holiday offered in 2014
  • Vendor Compensation available without ceiling
  • Property Tax Features
  • Does not provide a meaningful homestead exemption or circuit breaker for non-elderly taxpayers.
  • Levies a car tax.
  • Other Tax & Revenue Features
    Gasoline Tax Rate (per gallon) $0.173
    Diesel Tax Rate (per gallon) $0.173
    Cigarette Tax Rate (per pack) $0.17
    Estate or Inheritance Tax No
    Net Lottery Sales Per Capita $152 (2010)
    Tax Policy Oversight
    Tax Expenditure Report Yes, but excludes at least one major tax
    Tax Incidence Analysis Capability Multiple taxes

    Last updated January 13, 2015