|
Tax |
Rate |
|
Corporate Net Income Tax |
9.99 percent |
|
Capital Stock/Foreign Franchise Tax |
1.89 mills |
|
Gross Receipts Tax - Telephone and Telegraph |
50 mills (Intrastate, Interstate and Mobile) |
|
Gross Receipts Tax - Electric Suppliers |
59 mills |
|
Gross Receipts Tax - Transportation (Other Than Motor Vehicles) |
50 mills (Slack Water Navigation and Other) |
|
Public Utility Realty Tax (PURTA) |
Rate set annually to raise required Realty Tax Equivalent (RTE) revenue |
|
Gross Premiums Tax |
2 percent plus any retaliatory tax
3 percent surplus lines tax rate is imposed on policies written with unlicensed non-life insurers |
|
Financial Institutions Taxes |
Bank and Trust Company Shares Tax and Title Insurance Shares Tax |
1.25 percent |
|
Mutual Thrift Institutions Tax |
11.5 percent |
|
Corporate Loans Tax |
4 mills |
