Income Tax
State
Corporate (excise)
Nevada
N/A
Washington
N/A
California
8.840%
New Mexico
7.600%
Idaho
7.600%
Arizona
6.968%
North Carolina
6.900%
Oregon
6.600%
Utah
5.000%
COLORADO
4.630%
Texas
4.5% Franchise Tax on Earned Surplus
Source: Federal Tax Administrators Internet, January 2006
Sales and Use Tax
Effective rates:
City of Colorado Springs
2.5%
El Paso County
1.0%
Colorado State
2.9%
Pikes Peak RTA*
1.0%
7.4%
Sales and use taxes are collected on tangible personal property only. Sales and use tax is, effectively, one tax. If items are purchased in Colorado, sales tax applies. If items are purchased outside of Colorado and no "external" sales tax liability exists, a use tax is assessed, equivalent to Sales Tax.
Intrastate telephone calls are subject to sales tax, however, interstate telephone calls are not subject to sales tax.
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