| TAXATION | ||||||
| Franchise Tax | State of Texas | Local | ||||
| Rate (Range) | 0 | 0 | ||||
| Formula (e.g., Sales, Property & Payroll) | The greater of: $2.50 per $1,000 of net taxable capital or 4.5% of the net taxable earned surplus |
0 | ||||
| Federal taxes Deductible | 0 | 0 | ||||
| Accelerated Depreciation Permitted (Yes or No) | No | No | ||||
| Personal Income Tax | State of Texas | Local | ||||
| Rate (Range) | 0 | 0 | ||||
| Earned Income | 0 | 0 | ||||
| Unearned Income (e.g., Dividend) | 0 | 0 | ||||
| Local Occupation Tax (Paid by Employee) | Rate | Basis | ||||
| City Residents | N/A | N/A | ||||
| Non City Residents | N/A | N/A | ||||
| Gross Receipts Tax Rate by Type of Business | ||||||
| Gross Receipts Tax Rate Information | A gross receipts tax does not apply to manufacturing companies. A gross receipts tax applies to utility companies and mixed beverages. | |||||
| Sales/Use Tax Rate | ||||||
| Sales/Use Tax Rate General | ||||||
| State | 6.25% | |||||
| Local (City Gregg County) | 2.00% | |||||
| Total | 8.25% | |||||
| Sales Tax Rate by Utility | ||||||
| Electric Power (does not apply to manufacturing companies) | 8.25% | |||||
| Natural Gas (does not apply to manufacturing companies) | ||||||
| In City | 8.25% | |||||
| Out of City | 6.75% | |||||
| Fuel Oil | ||||||
| Water | No | |||||
| Sewer | No | |||||
| Non- Hazardous Waste Disposal | ||||||
| In City | 8.25% | |||||
| Out of City | 6.75% | |||||
| Telephone Sales Tax Rates (State and Local Combined) | ||||||
| Local Area | 8.25% | |||||
| Long Distance In State | 8.25% | |||||
| Long Distance Out of State | 8.25% | |||||
| Machinery & Equipment Subject to Sales/Use Tax | ||||||
| Gregg County | Harrison County | |||||
| Production | No | No | ||||
| Non-production | Yes | Yes | ||||
| Pollution Control | No | No | ||||
| Office Furniture/Fixtures/Equipment | Yes | Yes | ||||
| Sales/Use Tax (Yes or No) On | ||||||
| Office Building Construction Materials | Yes | Yes | ||||
| Industrial Building Construciton Materials | Yes | Yes | ||||
| Manufacturers' Raw Materials | No | No | ||||
| Standard Software | No | No | ||||
| Custom Software | No | No | ||||
| Intangible Property | ||||||
| Describe What is Subject to Tax Rate (e.g., Accounts Receivable, Capital Stock | Yes; All business assets | |||||
| Basis & Rate | See rates below | |||||
| Stock Bond Transaction Fee (Yes or No, if Yes, List Rate | No | |||||
| 2009 Real and Personal Ad Valorem Tax Rates - Kilgore | ||||||
| City of Kilgore | .392371 | |||||
| Gregg County | .2675 | |||||
| Kilgore College | .1540 | |||||
| Killgore ISD | 1.1092 | |||||
| Total Tax Rate | $1.923071 | |||||
| State Property Tax Effective Rate per $100 | ||||||
| Real Property (land/building) | No | |||||
| Personal Property (machernery/equipment) | No | |||||
| Subject to Personal Property Tax (Yes or No) | Gregg County | |||||
| Production Machinery & Equipment | Yes | |||||
| Non Production Machinery & Equipment | Yes | |||||
| Pollution control | No | |||||
| Inventory | Yes | |||||
| Raw Materials | Yes | |||||
| Work in Progress | Yes | |||||
| Finished Goods | Yes | |||||
| Freeport Legislation | No | |||||
| Applicable to Warehousing | No | |||||
| Applicable to Manufacturing | No | |||||
| Goods stored in a Public Warehouse | No | |||||
| City/County Option to Allow Freeport (Yes or no) | No | |||||
| Office Furniture-Fixtures | Yes | |||||
| Computer Equipment | Yes | |||||
| Workstations | Yes | |||||
| Telephones | Yes | |||||
| Furniture | Yes | |||||
| Company Vehicles | Yes | |||||
| Standard Software | No | |||||
| Custom Software | No | |||||
| Homestead Exemption - Jurisdictions | Applicable Rule | |||||
| City | None | |||||
| County | ||||||
| General | (Appraised value-20%) x tax rate | |||||
| Road & Bridge | (Appraised value -20%-$3,000) x school tax rate | |||||
| School District | ||||||
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