Choose Another Table

State Level Taxes
Corporate Income Tax Rate 1
Definition:	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 2
Definition:	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 3
Definition:	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 4
Definition:	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 5
Definition:	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 6
Definition:	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 1
Definition:	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 2
Definition:	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 3
Definition:	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 4
Definition:	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 5
Definition:	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 Formula
Definition:	The formula used by the state for apportioning income for multi-state companies.
Federal taxes are deductible
Definition:	Are federal taxes paid deductible from income for calculating state income tax.
Units:	y/n
Example:	y
Federal Tax Deduction Rate
Definition:	Percentage of federal tax paid which is deductible from state level income.
Units:	percent
Example:	50%
Business Tax Rate
Definition:	Tax assessed based on number of employees
Units:	$/employee
Example:	$500
Revenue Exempt Amount
Definition:	The amount of revenue which is exempt from revenue tax.
Units:	integer
Example:	$50,000
Revenue Tax Rate 1
Definition:	State level revenue tax rate 1.
Units:	percent
Example:	3%
Revenue Tax Rate 2
Definition:	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 Threshold
Definition:	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 1
Definition:	State Franchise Tax Rate 1.
Units:	percent
Example:	2%
Franchise Tax Rate 2
Definition:	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 Threshold
Definition:	In states with a variable Franchise Tax Rate, the level at which Franchise Tax Rate 2 begins.
Example:	$100,000
Personal Income Tax Rate
Definition:	Personal income tax rate
Units:	percent
Example:	5.20%
Personal Taxable Income
Definition:	Maximum amount of personal income which is taxable.
Units:	$
Example:	$25,000
State Sales Tax Rate
Definition:	State sales tax rate
Units:	percent
Example:	4.50%
State Sales Tax Manufacturing rate
Definition:	Sales tax on manufacturing equipment
Units:	percent
Example:	5%
State Sales Tax Office Machinery
Definition:	Sales tax on office machinery
Units:	percent
Example:	0%
State Sales Tax Manufacturing
Definition:	Sales tax on manufacturing equipment
Units:	percent
Example:	0%
State Sales Tax Manufacturing Raw Material
Definition:	Sales tax on manufacturing raw material
Units:	percent
Example:	0%
State Sales Tax Air Pollution
Definition:	Sales tax on pollution control equipment
Units:	percent
Example:	0%
State Sales Tax Water Pollution Control Equipment
Definition:	sales tax on water pollution control equipment
Units:	percent
Example:	0%
State Sales Tax canned software percent current
Definition:	Sales tax on canned software
Units:	percent
Example:	4.50%
State Sales Tax custom software percent current
Definition:	Sales tax on custom software
Units:	percent
Example:	4.50%
Accelerated Depreciation
Definition:	Does the state allow accelerated depreciation of equipment?
Example:	y
Depreciation Method
Definition:	Depreciation method used to depreciate assets. User may change the method.
Units:	name
Example:	SL, DB
Life of Assets
Definition:	Depreciable life of an asset. The default assumption is 10 years. This can be changed as needed.
Units:	integer
Example:	20
Annual Depreciation Rate
Definition:	Annual depreciation rate permitted. The default rate is 10%.
Units:	percent
Example:	10%
Depreciation Minimum Rate
Definition:	Salvage value as percentage of original cost. The default is 10%.
Units:	percent
Example:	10%
State Property Tax Rate
Definition:	State property tax rate. Most states do not have a state level property tax.
Units:	percent
Example:	0.05%
Assessment Rate
Definition:	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 Factor
Definition:	Declining Balance Factor. Default rate but user can change as needed.
Example:	1.5

County Level Taxes
Real Estate Tax Rate
Definition:	Local Real Property tax rate. If multiple rates exist for a county the median is used.
Units:	percent
Example:	.67%
Tangible Property Tax Rate
Definition:	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 Rate
Definition:	Local tax on business revenue.
Units:	percent
Example:	.65%

Choose Another Table