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%