Title 48, Chapter 13, Section 73
( 48-13-73)
(a) The tax imposed by this article shall be based upon corporate
net worth according to the following table: Corporations with Net Worth
Including Issued Capital Stock, Amount
Paid-in_Surplus,_and_Earned_Surplus of_Tax Not exceeding $10,000.00..................................$ 10.00 Over $10,000.00 and not exceeding $25,000.00.............. 20.00 Over $25,000.00 and not exceeding $40,000.00.............. 40.00 Over $40,000.00 and not exceeding $60,000.00.............. 60.00 Over $60,000.00 and not exceeding $80,000.00.............. 75.00 Over $80,000.00 and not exceeding $100,000.00............. 100.00 Over $100,000.00 and not exceeding $150,000.00............ 125.00 Over $150,000.00 and not exceeding $200,000.00............ 150.00 Over $200,000.00 and not exceeding $300,000.00............ 200.00 Over $300,000.00 and not exceeding $500,000.00............ 250.00 Over $500,000.00 and not exceeding $750,000.00............ 300.00 Over $750,000.00 and not exceeding $1,000,000.00.......... 500.00 Over $1,000,000.00 and not exceeding $2,000,000.00........ 750.00 Over $2,000,000.00 and not exceeding $4,000,000.00........ 1,000.00 Over $4,000,000.00 and not exceeding $6,000,000.00........ 1,250.00 Over $6,000,000.00 and not exceeding $8,000,000.00........ 1,500.00 Over $8,000,000.00 and not exceeding $10,000,000.00....... 1,750.00 Over $10,000,000.00 and not exceeding $12,000,000.00...... 2,000.00 Over $12,000,000.00 and not exceeding $14,000,000.00...... 2,500.00 Over $14,000,000.00 and not exceeding $16,000,000.00...... 3,000.00 Over $16,000,000.00 and not exceeding $18,000,000.00...... 3,500.00 Over $18,000,000.00 and not exceeding $20,000,000.00...... 4,000.00 Over $20,000,000.00 and not exceeding $22,000,000.00...... 4,500.00 Over $22,000,000.00....................................... 5,000.00 (b) With respect to any corporation coming into existence or
becoming subject to the tax for the first time for an initial
taxable period of less than six months, the tax imposed for such
period shall be 50 percent of the tax imposed by this article for an
entire year. |