What are the Business and Occupation tax rates?
Category:
Business and Occupation Tax
The tax rate depends on the classification of your business activity. See tax table below:
• Production of Natural Resources (1%) 0.012.
• Manufacturing (0%) 0.003.
• Retailers (1/2 of 1%) 0.0054.
• Wholesalers (15/100 of (1%) 0.00155.
• Electric Power (sales & lighting) (4%) 0.046.
• Electric Power (other sales/demand charges) (3%) 0.037.
• Natural Gas Companies (3%) 0.038.
• Water Companies (4%) 0.049.
• All Other Public Utilities (2%) 0.0210.
• Contracting (2%) 0.0211.
• Amusement (1/2 of 1%) 0.00512.
• Service/All Other Businesses (1%) 0.0113.
• Rent/Royalties (1%) 0.0114.
• Banking/Other Financial (1%) 0.01.
Updated 12/9/2019 11:27 AM