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Home > Economic Development > Business Climate

Business Climate

CORPORATE TAX

  • Corporate Income Tax
    2.5%
  • Franchise Tax
    $1.50 per $1,000 minimum of $200

 

INVENTORY TAX

North Carolina has no inventory tax.

REAL ESTATE & PROPERTY TAX

PER $100 VALUE:

  • Greensboro City Rate:
    .6325
  • High Point City Rate:
    .6475
    (in Guilford, Forsyth, Davidson
    & Randolph counties)
  • Guilford County Rate:
    .7305
  • Kernersville City Rate:
    .5700
    (in Forsyth & Guilford counties)
  • Winston-Salem:
    .5974
    (in Forsyth County)
  • Forsyth County:
    .7235

RETAIL SALES TAX

    • Tangible Commodities
      7.75%
      (excluding food)
    • Sales Tax Rate
      6.75%
      (excluding food)

(4.75% state tax, 2% local sales and use rate)
Some items (like liquor and telecommunications) are 7%.

STATE UNEMPLOYMENT INSURANCE (SUI)

  • Wage Base
    $24,300
  • Rates
    .06%-5.76%
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111 W. February One Place, Greensboro, NC 27401 | Tel: 336.387.8301
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