Knowledge Base

What are the Business and Occupation tax rates?

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
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