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State Level Taxes Corporate Income Tax Rate 1Definition: State income tax rate. In states with a flat rate this will be the only rate. Units: percent Example: 7.20% Corporate Income Tax Rate 2Definition: State income tax rate 2. In states with a variable rate this rate is in effect above Threshold 1. Units: percent Example: 7.20% Corporate Income Tax Rate 3Definition: State income tax rate 3. In states with a variable rate this rate is in effect above Threshold 2. Units: percent Example: 7.20% Corporate Income Tax Rate 4Definition: State income tax rate 4. In states with a variable rate this rate is in effect above Threshold 3. Units: percent Example: 7.20% Corporate Income Tax Rate 5Definition: State income tax rate 5. In states with a variable rate this rate is in effect above Threshold 4. Units: percent Example: 7.20% Corporate Income Tax Rate 6Definition: State income tax rate 6. In states with a variable rate this rate is in effect above Threshold 5. Units: percent Example: 7.20% Income Tax Threshold 1Definition: Threshold 1 for variable income tax rate. Above this level Corporate Income Tax rate 2 is in effect. Units: integer Example: $10,000 Income Tax Threshold 2Definition: Threshold 2 for variable income tax rate. Above this level Corporate Income Tax rate 3 is in effect. Units: integer Example: $100,000 Income Tax Threshold 3Definition: Threshold 3 for variable income tax rate. Above this level Corporate Income Tax rate 4 is in effect. Units: integer Example: $250,000 Income Tax Threshold 4Definition: Threshold 4 for variable income tax rate. Above this level Corporate Income Tax rate 5 is in effect. Units: integer Example: $500,000 Income Tax Threshold 5Definition: Threshold 5 for variable income tax rate. Above this level Corporate Income Tax rate 6 is in effect. Units: integer Example: $1,000,000 Apportionment FormulaDefinition: The formula used by the state for apportioning income for multi-state companies. Federal taxes are deductibleDefinition: Are federal taxes paid deductible from income for calculating state income tax. Units: y/n Example: y Federal Tax Deduction RateDefinition: Percentage of federal tax paid which is deductible from state level income. Units: percent Example: 50% Business Tax RateDefinition: Tax assessed based on number of employees Units: $/employee Example: $500 Revenue Exempt AmountDefinition: The amount of revenue which is exempt from revenue tax. Units: integer Example: $50,000 Revenue Tax Rate 1Definition: State level revenue tax rate 1. Units: percent Example: 3% Revenue Tax Rate 2Definition: State level revenue tax rate 2. In variable revenue tax rate states this rate is in effect above the Revenue Threshold. Units: percent Example: 4% Revenue ThresholdDefinition: In variable revenue tax rate state the level at which the revenue tax rate changes to rate 2. Units: integer Example: $100,000 Franchise Tax Rate 1Definition: State Franchise Tax Rate 1. Units: percent Example: 2% Franchise Tax Rate 2Definition: State Franchise Tax Rate 2. In states that have a variable Franchise Rate this rate is in effect above the Threshold. Units: percent Example: 3% Franchise Tax ThresholdDefinition: In states with a variable Franchise Tax Rate, the level at which Franchise Tax Rate 2 begins. Example: $100,000 Personal Income Tax RateDefinition: Personal income tax rate Units: percent Example: 5.20% Personal Taxable IncomeDefinition: Maximum amount of personal income which is taxable. Units: $ Example: $25,000 State Sales Tax RateDefinition: State sales tax rate Units: percent Example: 4.50% State Sales Tax Manufacturing rateDefinition: Sales tax on manufacturing equipment Units: percent Example: 5% State Sales Tax Office MachineryDefinition: Sales tax on office machinery Units: percent Example: 0% State Sales Tax ManufacturingDefinition: Sales tax on manufacturing equipment Units: percent Example: 0% State Sales Tax Manufacturing Raw MaterialDefinition: Sales tax on manufacturing raw material Units: percent Example: 0% State Sales Tax Air PollutionDefinition: Sales tax on pollution control equipment Units: percent Example: 0% State Sales Tax Water Pollution Control EquipmentDefinition: sales tax on water pollution control equipment Units: percent Example: 0% State Sales Tax canned software percent currentDefinition: Sales tax on canned software Units: percent Example: 4.50% State Sales Tax custom software percent currentDefinition: Sales tax on custom software Units: percent Example: 4.50% Accelerated DepreciationDefinition: Does the state allow accelerated depreciation of equipment? Example: y Depreciation MethodDefinition: Depreciation method used to depreciate assets. User may change the method. Units: name Example: SL, DB Life of AssetsDefinition: Depreciable life of an asset. The default assumption is 10 years. This can be changed as needed. Units: integer Example: 20 Annual Depreciation RateDefinition: Annual depreciation rate permitted. The default rate is 10%. Units: percent Example: 10% Depreciation Minimum RateDefinition: Salvage value as percentage of original cost. The default is 10%. Units: percent Example: 10% State Property Tax RateDefinition: State property tax rate. Most states do not have a state level property tax. Units: percent Example: 0.05% Assessment RateDefinition: Assessment rate for real and personal property. If the assessment is done at the local level the property tax reflects the effective rate after assessment. Units: percent Example: 33% Declining Balance FactorDefinition: Declining Balance Factor. Default rate but user can change as needed. Example: 1.5

County Level Taxes Real Estate Tax RateDefinition: Local Real Property tax rate. If multiple rates exist for a county the median is used. Units: percent Example: .67% Tangible Property Tax RateDefinition: Local Tangible Property Tax Rate. If multiple rates exist the median is used. When a specific site location is picked the exact rate should be used. Units: percent Example: .35% Local Revenue or License Tax RateDefinition: Local tax on business revenue. Units: percent Example: .65%

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Copyright © 2000-2018, DEALTEK, Ltd., all rights reserved.

and "Turning Decision Choices into Choice Decisions" are registered trademarks of DEALTEK, Ltd.

The DEALS® software program and the method of using it are covered by US Patent Number 7,640,196.

Copyright © 2000-2018, DEALTEK, Ltd., all rights reserved.