 |
State & Local Taxes
- The North Carolina/Brunswick County combined sales tax is 6.75% (July 1, 2007)
- North Carolina taxable income is taxable income as calculated for federal income tax purposes, with certain adjustments. Tax rates are 6%, 7%, 7.75% or 8%.
North Carolina levies a tax on the privilege of using the highways at the rate of 3% of the retail value of a motor vechile. The tax cannot exceed $1,000 for Class A and Class B commercial motor vehicles. Tax is paid when a vehicle is purchased or titled in North Carolina.
- North Carolina has no inheritance tax, but it does impose an estate tax based on the federal estate tax calculation.
- A gift tax is imposed on a donor and the rate varies based upon the class of donee. Gifts of $11,000 or less per year to any individual are not taxable. Gifts to spouses are exempt as well.
For more information on state taxes, visit www.dor.state.nc.us and for local tax information, visit www.brunsco.net.
|
 |