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TAXES (1997)

     State corporate income tax:

Rate

No broad based income tax.

Agency to which you must submit returns and payments

N/A

     State personal income tax:

Rate

No peraonal income tax

Exemptions: type and amount

N/A

     State franchise tax:

Description
The franchise tax is imposed upon all corporations doing business in the state or that are chartered or authorized to do business in the state. It is a tax on the privilege of doing business, measured by net taxable capital and by net taxable earned surplus which are apportioned to Texas. Apportionment is done by using a single gross receipts formula, and allowable deductions apply to both the capital and earned surplus components. The tax rate on net capital assets is 0.25%, or $2.50 per $1,000 of net taxable capital. To compute taxable capital, add the corporation's stated capital, as defined by state law, and the corporation's surplus. The tax rate on net earned surplus is 4.5%. Corporations will calculate the franchise taxes due on taxable capital assets and on taxable earned surplus, paying the greater of the two accounts. There is no minimum tax, and no taxes are due on liabilities of less than $100.

Contact

Comptroller of Public Accounts

     State property tax:

Year

1995

Range of rates, low and high, per $1,000 of assessed value

2.16-7.90 City

     State sales and use tax:

Rate

6.24%

Primary tax

Consumer

Basis or measure of tax

Sales-use: Retail price, rentals, service charges.

Agency to which you must submit returns and payments

Comptroller of Public Accounts

     State gasoline tax per gallon

20

cents

Population

Labor / Work Force

Commerce

Education / Quality of Life

Transportation

State Contac 

Click here for Jonson County 1990 Census Information.
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JOHNSON COUNTY ECONOMIC DEVELOPMENT COMMISSION
10 N. Caddo PMB 215, Cleburne, Texas 76031
Phone: 817-556-6985 - Fax: 817-556-6160 - E-mail:
jcedc@digitex.net