Tax Rates & Deadlines
Don't miss any deadlines by marking these important dates on your calendar.
- Operating a Business
IMPORTANT DATES AND DEADLINES | |
|---|---|
| Annual Business License Term | January 1 - December 31 |
| Business License Annual Renewal Period | January 1 - March 1 |
Rates
BUSINESS TYPE | RATES |
|---|---|
| ANY business (except peddlers and other flat-rate licenses) with gross receipts of $0 up to $25,000 | $40 for gross receipts not exceeding $25,000 |
| ANY business (except peddlers and other flat-rate licenses) with gross receipts of $25,001 up to $100,000 | $50 for gross receipts not exceeding $100,000 |
| Peddlers and other flat-rate licenses (amount is determined by activity and quantity) | $50 - $500 |
Businesses with gross receipts exceeding $100,000 pay the following rates:
| BUSINESS TYPE | RATES |
|---|---|
| Contracting | .0016 x gross receipts |
| Professional | .0058 x gross receipts |
| Retail | .0020 x gross receipts |
| Service | .0036 x gross receipts |
| Wholesale | .0012 x gross purchases |
IMPORTANT DUE DATES AND DEADLINES | |
|---|---|
| Business Property Returns Deadline | March 1 |
| Business Property Assessed on Calendar Year | Billed in May |
| Business Property Tax Due | June 5 |
Rates
| PROPERTY TYPE | RATES |
|---|---|
| Business (Tangible Personal) Property | $4.00 per $100 |
| Manufacturing Machinery & Tools | One-millionth of one cent ($0.000001) per $100 |
Page Last Updated: March 18, 2022