| 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 |
36.2 |
| Total Millage |
47.6 |
| Assessment Ratio (%) |
20% |
| Effective Rate per $1000 |
$9.52 |
| 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 |
36.2 |
| Total Millage |
47.6 |
| Assessment Ratio (%) |
20% |
| Effective Rate per $100 |
$9.52 |
| 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 |
