 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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Testimonial
In an effort to respond to the diverse economic development needs of North Carolina, then State Representative Martin Nesbitt introduced legislation creating the regional economic development partnerships. It was this extraordinary insight that allowed AdvantageWest to become one of the most innovative and nimble economic development programs in the state.
Gordon S. Myers
Founding Chair
AdvantageWest Board of Directors
Amanda Baranski
, Executive Assistant & Assistant Corporate Secretary
AdvantageWest
134 Wright Brothers Way
Fletcher, NC 28732
ph. 828-687-7234
fx. 828-687-7552
Email Amanda Baranski
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