0 Properties
0 News
0 Articles

Tax Overview

Tax Description
Personal Income Tax None
Franchise Tax 1.0% for most entities
0.5% for qualifying wholesalers and retailers
0.575% for those entities with $10 million or less in total revenue and electing the E-Z Computation
Franchise Tax City of Killeen 0.69500
Bell County 0.37590
Killeen Independent School District 1.14119
Central Texas College 0.14090
Bell County Road District 0.02950
Underground Water District 0.00400
Total 2.38649
Unemployment Insurance 2.7% general entry rate, charged on first $9,000 in earnings, reassessed after 6 quarters and charged at own experience rate
Sales and Use Tax 8.25% (Within Killeen city limits)
Workers Compensation Insurance Not required by the state of Texas. Options include: self insurance, state-operated Texas Workers' Compensation Insurance Fund or licensed private insurance company.
Certificate of Authority $750, required to do business in Texas for partnerships and corporations organized in other states
DBA (Doing Business As) colspan="2"The cost of this record is $7.00, which will provide the individual with a certified copy of the document he/she will need to open a bank account for his/her business.