The following are taxes on businesses for different aspects of the business:
Guidelines
- Business Equipment: assessed on a sliding scale based on original cost.
- Farm Equipment: assessed at 25% of original cost.
- Proration begins January 1, 2013 - does not apply to business equipment
Business Professional Occupation License
- All businesses are required to register with the Commissioner of the Revenue's Office.
- Gross Receipts determine liability.
- County Businesses: Business, Professional, and Occupational Licenses (BPOL) Tax Begins After $300,000. However, all businesses are required to file their gross receipts annually with the Commissioner of the Revenue's Office.
Tax Rates Per Dollar
- Contractor: 0.0013
- Fortune Teller: $500 Flat Rate
- Professional: 0.0049
- Public Service: 0.0050
- Retailer: 0.0015
- Service: 0.0022
- Wholesaler: 0.0005