Tax & Incentives
Potential Incentives
- Renewal Community
- Industrial Districts
- Enterprise Zones
- Foreign Trade Zone 122
- Property Tax Phase-ins/Abatements
- Single Freeport Exemption
- Corpus Christi 4(A) Fund
- Job Training
Retail Sales Tax |
State of Texas
Nueces County
Corpus Christi |
6.25%
.50%
1.50%
|
State Franchise Tax: .
25% of surplus or 4.5% of taxable income. Texas will be replacing its franchise tax with a Margins Tax.
Margins Tax
1% on gross receipts less compensation or cost of goods sold. Retailers and wholesalers will have a rate of .5% and sole proprietorships and general partnerships are exempt.
Texas has no personal income tax. Source:
Texas Comptroller’s Office |