| CORPORATE INCOME TAX / FRANCHISE TAX |
| STATE | LOCAL |
| Rate (range) | 1.0-6.5% | N/A |
| Formula (e.g., Sales, Property & Payroll) | Three Factor Apportionment | N/A |
| PERSONAL INCOME TAX |
| STATE | LOCAL |
| Rate (range) | 1.0-7.0% | N/A |
| LOCAL OCCUPATION TAX (PAID BY EMPLOYEE) |
| RATE | BASIS |
| City Residents | N/A | N/A |
| Non City Residents | N/A | N/A |
| LOCAL WAGE TAX(PAID BY EMPLOYER) |
| RATE | BASIS |
| City Residents | N/A | N/A |
| Non City Residents | N/A | N/A |
| GROSS RECEIPTS TAX RATE BY TYPE OF BUSINESS |
| Not more than $25 on a single transaction |
| SALES/USE TAX RATE |
| State | 6.00% |
| Local | 2.25% |
| Total | 8.25% |
| Sales Tax Rate by Utility: Electric Power | 8.25% |
| Sales Tax Rate by Utility: Nautral Gas | 8.25% |
| Sales Tax Rate by Utility: Water | 8.25% |
| Sales Tax Rate by Utility: Sewer | No |
| TELEPHONE SALES TAX RATES (STATE AND LOCAL COMBINED) |
| Local Area | No |
| Long Distance In State | 6.00% |
| Long Distance Out of State | 7.375% |
| MACHINERY & EQUIPMENT SUBJECT TO SALES/USE TAX |
| Production | No |
| Non-Production | No |
| Pollution Control | No |
| Office Furniture/Fixtures/Equipment | No |
| SALES/USE TAX (YES OR NO) |
| Office Building Construction Materials | No |
| Industrial Building Construction Materials | No |
| Manufacturers' Raw Materials | No |
| Standard Software | Yes |
| Custom Software | Yes |
| REAL PROPERTY TAX RATES IN CONWAY |
| City Millage | 4.5 |
| County Millage | 6.9 |
| School Millage | 38.1 |
| Total Millage | 49.5 |
| Assessment Ratio (%) | 20% |
| Effective Rate per $1000 of Assessed Value | $9.90 |
| STATE PROPERTY TAX |
| Real Property (land/building) | NA |
| Personal Property (machinery/equipment) | NA |
| PERSONAL PROPERTY TAX RATES IN CONWAY |
| City Millage | |
| County Millage | 6.9 |
| School Millage | 38.1 |
| Total Millage | 49.5 |
| Assessment Ratio (%) | 20% |
| Effective Rate per $1000 of Assessed Value | $9.90 |
| STATE PERSONAL PROPERTY TAX RATES IN CONWAY |
| Real Property (land/building) | NA |
| Personal Property (machinery/equipment) | NA |
| SUBJECT TO PERSONAL PROPERTY TAX |
| Production Machinery & Equipment | Yes |
| Non Production Machinery & Equipment | Yes |
| Pollution Control | Yes |
Inventory: Raw Materials
| Yes |
| Inventory: Work in Progress | Yes |
| Inventory: Finished Goods | Yes |
| Freeport Legislation: Applicable to Warehousing | Yes |
| Freeport Legislation: Applicable to Manufacturing | Yes |
| Freeport Legislation: Goods Stored in a Public Warehouse | Yes |
| Freeport Legislation: City/County Option to Allow Freeport (yes or no) | No |
| Office Furniture-Fixtures: Computer Equipment | Yes |
| Office Furniture-Fixtures: Workstations | Yes |
| Office Furniture-Fixtures: Telephones | Yes |
| Office Furniture-Fixtures: Furniture | Yes |
| Company Vehicles | Yes |
| Standard Software | Yes |
| Custom Software | Yes |
| Freeport Legislation: City/County Option to Allow Freeport (yes or no) | No |
