– BUSINESS BENEFITS –Tax Advantages
Our team can provide customized information on the tax advantages that affect your business within Boerne/Kendall County.
State of Texas Programs
Texas businesses pay sales and use tax, franchise tax, unemployment insurance tax, and ad valorem (property) tax.
This is based on a corporation’s taxable capital and earned surplus. The current rate for taxable capital is 0.25% for the privilege period. The tax rate for
All Texas employers pay state unemployment tax. A new employer is taxed at 2.7% of the first $9,000 on individual earnings for at least six quarters to establish an experience rate. After that time, the employer may qualify for a rate adjustment. 2.7% or NAICS industry average whichever is higher.
Ad Valorem (Property) Taxes
These are levied by all applicable local taxing authorities based on a property’s market value on January 1 of the tax year. Properties may qualify for special exemptions on valuation if a valid application is filed by April 30. Texas businesses do not pay an inventory tax, but inventory is taxed as personal property.
State Sales Tax Exemptions
These include tangible property which will be a component part of a manufactured product or consumed in processing, sales delivered out of state, and a number of other items, including food.
Boerne and Kendall County
Monday-Thursday 8:00 - 5:00
Friday 8:00 - 4:00
Boerne Kendall County Economic
1221 S. Main Street, Suite 100
Boerne, Texas 78006
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