hdr-businessclimate

Business Costs

Corporate Taxes

  • Corporate Income Tax

    • 6.5% of taxable income allocated to the business done in Alabama
    • Taxable income generally computed in accordance with federal law with some variation
    • Tax rate effective in the Year 2000
  • Corporate Share Assessment Tax

    • $4.05 per $100.00 based on 20% of value of outstanding stock less value of real and personal property otherwise assed and less inventory
  • Corporate City License

    • Flat rates based on gross sales of the company
    • Ranges from $100 to $2,000
  • State & County Privilege Tax

    • Ranges from $16,000 on capital investment less than $15,000 to $301.00 on investment of $1,000,000 and over
  • State Unemployment Tax

    • Employees – No contribution
    • Employer – Based on first $8,000 of each employee’s compensation.
    • Rates vary from 0.5% to 5.4%
    • Rates based on employer’s experience rating
  • Annual Corporate Permits

    • Domestic - $10.00 to $100.00 based upon “capital”
    • Foreign - $5.00 to $100.00 based upon “capital” in state
  • Real & Personal Property Tax

    • Based on 20% of fair market value (tax assessor’s appraised value) of land, buildings, machinery, equipment, furniture, etc.

Property Taxes

State Tax

 AlbertvilleArabBoazGuntersvilleMarshall County
General Fund 2.5 2.5 2.5 2.5 2.5
Soldier Fund 1.0 1.0 1.0 1.0 1.0
School Fund 3.0 3.0 3.0 3.0 3.0

County Tax

 AlbertvilleArabBoazGuntersvilleMarshall County
General 6.0 6.0 6.0 6.0 6.0
Roads & Bridges 2.4 2.4 2.4 2.4 2.4
Courthouse & Jail 0.6 0.6 0.6 0.6 0.6
Countywide School 4.5 2.4 4.5 4.5 4.5
Hospital 4.5 0.6 4.5 4.5 4.5
School Districts 3.5 13.0 13.0 3.5 13.0

County Tax

 AlbertvilleArabBoazGuntersvilleMarshall County
City 5.0 5.0 5.0 6.0 --
Special Schools 7.5 7.5 7.5 9.0 --
Total 40.5 33.0 50.0 43.0 37.5
Total School 15.5 8.0 23.0 20.0 17.5
Abatable Total 25.0 25.0 27.0 23.0 20.0

Sales Tax

Albertville

 CitySchoolAbatable
Alabama Sales Tax 4.0% -- 4.0%
Municipal Sales Tax 4.0% 1.0% 2.0%
Total Sales Tax 8.0% 1.0% 6.0%
 CitySchoolAbatable
Alabama Use Tax 1.5% -- 6.0%
Municipal Use Tax 1.0% 0.8% 0.2%
Total Use Tax 3.0% 0.0% 3.0%

Arab

 CitySchoolAbatable
Alabama Sales Tax 4.0% -- 4.0%
Municipal Sales Tax 5.0% 1.5% 2.5%
Total Sales Tax 9.0% 1.5% 6.5%
 CitySchoolAbatable
Alabama Use Tax 1.5% -- 1.5%
Municipal Use Tax 1.5% 0.0% 1.5%
Total Use Tax 3.0% 0.0% 3.0%

Boaz

 CitySchoolAbatable
Alabama Sales Tax 4.0% -- 4.0%
Municipal Sales Tax 4.0% 1.0% 2.0%
Total Sales Tax 8.0% 1.0% 6.0%
 CitySchoolAbatable
Alabama Use Tax 1.5% -- 1.5%
Municipal Use Tax 1.0% 0.0% 1.0%
Total Use Tax 2.5% 0.0% 2.5%

Guntersville

 CitySchoolAbatable
Alabama Sales Tax 4.0% -- 4.0%
Municipal Sales Tax 4.0% 1.0% 2.0%
Total Sales Tax 8.0% 1.0% 6.0%
 CitySchoolAbatable
Alabama Use Tax 1.5% -- 1.5%
Municipal Use Tax 1.5% 0.5% 1.0%
Total Use Tax 3.0% 0.5% 1.0%

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Marshall County Economic Development Council
2208 Ringold Street, Suite    1-A   |   Guntersville,    AL    35976   |   256-582-5100   |   info@marshallteam.org