| |
Nevada |
Arizona |
California |
New
Mexico |
Utah |
| Business/Payroll Expense Tax |
| Business/Payroll Tax |
0.65% of gross wages, less dollars paid for health plan |
NONE |
$33 for the first $4000 plus $8.25 for each add'l $1000 of payroll expenses |
NONE |
NONE |
| Corporate Income and/or Franchise Tax |
| Corporate Income Tax |
NONE |
6.968% of income w/min $50 |
8.84% of net income w/min. $800 1.5% on S-Corps |
4.8%-7.6% |
5% w/min. $100 |
| Corporate Income Tax-Bank Tax Rates |
NONE |
6.968% of income |
10.84% of net income w/min. $800 3.5% on S-Corps |
4.8%-7.6% |
5% w/min. $100 |
| Estate Tax |
| Estate Tax |
limited & related to federal estate tax collection |
limited & related to federal estate tax collection |
limited & related to federal estate tax collection |
limited & related to federal estate tax collection |
limited & related to federal estate tax collection |
| Excise Tax |
| Alcohol |
| Beer Excise Tax |
$0.16 per gal. |
$0.16 per gal. |
$0.20 per gal. |
$0.41 per gal. |
$0.41 per gal. |
| Liquor Excise Tax |
$3.60 per gal. Under 14%-$0.70 per gal. Under 21%-$1.30 per gal. |
$3.00 per gal. |
$3.30 per gal. Over 50%-$6.60 per gal. |
$6.06 per gal. |
government controlled alcohol sales |
| Wine Excise Tax |
$0.70 per gal. 14% to 22%-$1.30 per gal. Over 22%-$3.60 per gal.
| $0.84 per gal. |
$0.20 per gal. Sparkling-$0.30 per gal. |
$1.70 per gal. Over 14%-$5.68 per gal. |
all wine sales are through state stores |
| Motor Fuel |
| Gasoline |
$0.24805 per gal. w/add'l $0.04-$0.09 local tax |
$0.18 per gal. |
$0.18 per gal. |
$0.189 per gal. |
$0.245 per gal. |
| Diesel |
$0.27750 per gal. w/add'l $0.04-$0.09 local tax |
$0.18 per gal. |
$0.18 per gal. |
$0.229 per gal. |
$0.245 per gal. |
| Gasohol |
$0.24805 per gal. w/add'l $0.04-$0.09 local tax |
$0.18 per gal. |
$0.18 per gal. |
$0.189 per gal. |
$0.245 per gal. |
| Tobacco Products |
| Cigarettes |
$0.80 per pack |
$1.18 per pack |
$0.87 per pack |
$0.91 per pack |
$0.695 per pack |
| Other Tobacco Products |
30% of wholesale price |
Cigars - $0.263-$2.60 per 20 cigars (varies based on selling price)
Tobacco/Snuff - $0.133 per ounce |
46.76% of wholesale price (rate adjusted annually in July by state) |
25% of product value |
35% of manufacturer price |
| Water |
| Water |
NONE |
$0.65 per 1000 gal. of water used. |
NONE |
NONE |
NONE |
| Inheritance Tax |
| Inheritance Tax |
NONE |
NONE |
NONE |
None, but inheritance may be reflected in taxpayer's
modified gross income and then income tax would apply |
NONE |
| Personal Income Tax |
| Individual Income Tax |
NONE |
2.87%-5.04% |
1.0%-10.3% |
1.7%-5.3% |
2.3%-7.0% |
| Property Tax |
| Real Estate Tax |
capped @ $3.64 per $100 of assessed value
(35% of fair market value) |
rates set by tax jurisdictions and can vary considerably
by area (average of $12.70 per $100 of assessed value) |
limited to 1% of full cash value |
$8-$48 per $1000 (average $25) of net taxable value
(1/3 of market value) after exemptions $11-$48 per $1000 (average $28)
of net taxable value (1/3 of market value) for non-residential |
Median rate of $1.30 per $1000 of assessed value (55% of
fair market value) |
| Sales Tax |
| Sales Tax |
state rate 6.5%
max. local rate 1%
max.
rate 7.5% |
state rate 5.6%
max. local rate 5.1%
max.
rate 10.7% |
state rate 7.25%
max. local rate 1.5%
max.
rate 8.75% |
state rate 5%
max. local rate 2.25%
max.
rate 7.25% |
state rate 4.75%
max. local rate 2.25%
max.
rate 7% |
| Exception |
food & prescription drugs |
food & prescription drugs |
food & prescription drugs |
prescription drugs, certain food & medical expenses |
prescription drugs |
| Unemployment Insurance Tax |
| Unemployment Insurance |
0.25%-5.4% |
0.02%-5.4% |
1.3%-5.4% |
0.05%-5.4% |
0.4%-9.4% |
| Threshold |
$22,900 |
$7,000 |
$7,000 |
$17,200 |
$23,200 |
| Unitary Tax |
| Unitary Tax |
NONE |
NONE |
YES |
YES |
YES |
Regional Tax Comparisons
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the State and Local Tax Burden in an Excel graph
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