Corporate Taxes

We have listed a generalization of our County and State taxes for your review. Please contact our office at 910-266-4326 to discuss in greater detail.

Corporate Tax

Corporate Tax Income Rate: 6.9%

Franchise Tax

A franchise tax is levied on business corporations (including those electing federal S Corporation status) at the rate of $1.50 per $1,000 of the largest of three alternate bases. These bases are:
  • the amount of the capital stock, surplus, and undivided profits apportionable to the State
  • 55 % of appraised value of property in the State subject to local taxation
  • the book value of real and tangible personal property in the State less any debt outstanding which was created to acquire or improve real property in the State. Book value may be computed by use of the same depreciation methods as are permitted for federal income tax purposes.

Sales & Use Tax

  • Combined General Rate: 6.75%
  • Local Sales Tax Authorized: 2.0%
  • State/Provincial Sales Tax Rate: 4.75%

Property Tax

Property Tax on Inventory: Exempt