|
Sales, Income, and Gasoline Tax Rates of Regional States
|
|
Area
|
Sales
|
Corporate
|
Personal
|
Gasoline/Diesel
|
|
|
|
Income
|
Income
|
in
cents/gal.
|
|
Arkansas
|
4.63%
|
1.0%
to 6.5%
|
up
to 7.0%
|
19.7
/ 20.7
|
|
Colorado
|
3.00%
|
4.75%
|
4.75%
|
22.0
/ 20.5
|
|
Kansas
|
4.90%
|
4.0%
to 7.35%
|
up
to 6.45%
|
20.0
/ 22.0
|
|
Louisiana
|
4.00%
|
4.0%
to 8.0%
|
up
to 6.0%
|
20.0
/ 20.0
|
|
Missouri
|
4.23%
|
6.25%
|
up
to 6.0%
|
17.05
/ 17.05
|
|
New
Mexico
|
5.00%
|
4.8%
to 7.6%
|
up
to 8.2%
|
18.0
/ 19.0
|
|
Oklahoma
|
4.50%
|
6.00%
|
up
to 6.75%
|
17.0
/ 14.0
|
|
Texas
|
6.25%
|
4.5%
**
|
None
|
20.0
/ 20.0
|
|
|
|
|
|
|
** Texas corporate income tax reported is actually
referred to by the state as a franchise tax. This tax identifies the lower
bound amount for the Texas franchise tax.
Otherwise, the Texas franchise ($2.50 per $1,000 of capital) is
double the rate found in Oklahoma ($1.25 per $1,000 of capital up to a
maximum of $20,000) without any cap.
|
|