The business tax rates vary, depending on a business’ classification and whether it is a retailer or a wholesaler. However, every taxpayer must pay at least a minimum tax of $22.
Tax Rate Chart
|
Classification |
Rate |
|
|
Retail |
Wholesale |
|
|
1A |
.001 |
.00025 |
|
1B & 1C |
.001 |
.000375 |
|
1D |
.0005 |
N/A |
|
1E |
N/A |
.0003125 |
|
2 |
.0015 |
.000375 |
|
3 |
.001875 |
.000375 |
|
4 |
.001 |
N/A |
|
5A |
.003 |
.003 |
|
5B |
N/A |
.0002 |
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