| Tax |
Rate |
| Sales Tax |
7.0% (addes to local option sales tax, total sales tax in Hawkins County is 7.0% + 2.75% = 9.75%) |
| Property Tax |
NONE |
| Corporate Exise Tax |
6.5 % on net income from business conducted in Tennessee |
| Franchise Tax |
0.25% of the greater net worth or real and tangible property in Tennessee. The minimum tax is $100. |
| Unemployment Compensation Tax |
Varies: 0.01% to 10% of first $9,000 of wages paid to each employee in calendar year depending on quoted rate. |
| Inventory Tax |
NONE on finished goods inventory. |
| Personal Income Tax |
No income tax on wages. |
