What is the rate for business tax?

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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