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
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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.
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Property Taxes
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State Tax
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Albertville
|
Arab
|
Boaz
|
Guntersville
|
Marshall
County
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General Fund
|
2.5 |
2.5 |
2.5 |
2.5 |
2.5 |
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Soldier Fund
|
1.0 |
1.0 |
1.0 |
1.0 |
1.0 |
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School Fund
|
3.0 |
3.0 |
3.0 |
3.0 |
3.0 |
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County Tax
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Albertville
|
Arab
|
Boaz
|
Guntersville
|
Marshall
County
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General
|
6.0 |
6.0 |
6.0 |
6.0 |
6.0 |
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Roads & Bridges
|
2.4 |
2.4 |
2.4 |
2.4 |
2.4 |
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Courthouse & Jail
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0.6 |
0.6 |
0.6 |
0.6 |
0.6 |
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County-wide School
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4.5 |
2.4 |
4.5 |
4.5 |
4.5 |
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Hospital
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4.5 |
0.6 |
4.5 |
4.5 |
4.5 |
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School Disricts
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3.5 |
13.0 |
13.0 |
3.5 |
13.0 |
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State Tax
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Albertville
|
Arab
|
Boaz
|
Guntersville
|
Marshall
County
|
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City
|
5.0 |
5.0 |
5.0 |
6.0 |
-- |
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Special School
|
7.5 |
7.5 |
7.5 |
9.0 |
-- |
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Total
|
40.5 |
33.0 |
50.0 |
43.0 |
37.5 |
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Total School
|
15.5 |
8.0 |
23.0 |
20.0 |
17.5 |
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Abatable Total
|
25.0 |
25.0 |
27.0 |
23.0 |
20.0 |
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Sales / Use Taxes
Albertville
|
City |
School |
Abatable |
| Alabama Sales Tax |
4.0% |
-- |
6.0% |
| Municipal Sales Tax |
4.0% |
1.0% |
2.0% |
| Total Sales Tax |
8.0% |
1.0% |
6.0% |
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| Alabama Use Tax |
1.5% |
-- |
1.5% |
| Municipal Use Tax |
1.0% |
0.8% |
0.2% |
| Total Use Tax |
3.0% |
0.0% |
3.0% |
Boaz
|
City |
School |
Abatable |
| Alabama Sales Tax |
4.0% |
-- |
4.0% |
| Municipal Sales Tax |
3.0% |
1.0% |
2.0% |
| Total Sales Tax |
7.0% |
1.0% |
6.0% |
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| 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% |
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Arab
|
City |
School |
Abatable |
| Alabama Sales Tax |
4.0% |
-- |
4.0% |
| Municipal Sales Tax |
4.0% |
1.5% |
2.5% |
| Total Sales Tax |
8.0% |
1.5% |
6.5% |
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| 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% |
Guntersville
|
City |
School |
Abatable |
| 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% |
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| 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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