Taxes
A 2004 Ernst & Young study ranked North Carolina as having the 47th lowest business tax burden among the 50 states. All forms of business taxes were included.
Corporate Income Tax
6.9%
Franchise Tax
$1.50 per $1,000 of the largest of the following:
• Capital stock, surplus, and undivided profits
• 55% of appraised value of property subject to taxation
• Book value of real property in NC less debt to acquire
Unemployment Insurance Tax
Standard beginning rate is 1.2%. The taxable wage base is $16,700. Maximum tax rate is 6.84%
Workers Compensation Tax
Index rate is 2.17 (34th among the 50 states)
State Tax Rate
4.25 %
Visit the North Carolina Department of Revenue website for additional state and local tax information.
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"As a life-long resident of western North Carolina I can’t imagine a more beautiful or diverse place to live and work."
D. Samuel Neill
Attorney-At-Law & AdvantageWest Board Member
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