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Taxation

Taxes matter to business. Business taxes affect business decisions, job creation and retention, plant location, competitiveness, the transparency of the tax system, and the long-term health of a state’s economy.  The evidence shows that states with the best tax systems will be the most competitive at attracting new businesses and most effective at generating economic and employment growth.
 
In Kilgore, Texas, we've formalized the Lone Star Sprit into a profitable business climate and made it even better.  The tax structure is business friendly. For instance, Texas is one of only a handful of states with no individual income tax.  In addition, Texas’ gross receipts tax, styled the Margins Tax, saw a rate reduction in 2015 of 25% to 0.375% of taxable margin for taxpayers primarily engaged in retail or wholesale trade and to 0.75% of taxable margin for all other taxpayers.
 
The 2017 State Business Tax Climate Index ranks Texas as one of the best states to operate a business.  The state’s tax structure includes a Franchise Tax, Property Tax and Sales and Use Tax.  You may click on the following link for an Overview of the Texas Tax System.