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Business and Industry

The Randolph Metrocom area and the IH 35 corridor are among the fastest-growing regions of Texas. A number of industrial parks, many with rail access, and office complexes are ready to accommodate businesses seeking to expand or relocate to the less crowded confines up the IH 35 corridor toward Austin. All Metrocom cities are actively involved in economic development: the San Antonio Economic Development Foundation, Northeast Partnership for Economic Development and the Tri-County Chamber of Commerce (RMCC) all provide assistance to new and expanding businesses relocating to Central Texas.

Texas levies an annual franchise tax on all corporations doing business in the state. The revised Texas franchise tax is imposed on corporations, limited liability companies (even if directly owned by one person), partnerships (general, limited and limited liability), business trusts, professional associations, business associations and other legal entities that are organized in Texas or that do business in Texas. The tax base is the taxable entity’s margin. The tax rate is 1 percent for most taxable entities. For entities meeting the certain criteria, the tax rate is 0.5 percent. For more information about the Texas franchise tax, including rate changes, visit the state comptroller website at www.window.state.tx.us.

In Texas, there is no state personal income tax. Businesses pay an unemployment insurance tax on taxable wages up to $9,000 per employee. Rates range from a minimum of 0.78 percent to a maximum of 8.25 percent, with the average experience tax rate being 1.96 percent, as of 2011. For more information about the unemployment insurance tax, including rate changes, visit the Texas Workforce Commission website at www.twc.state.tx.us.

The effective sales tax rate in Texas is 6.25 percent. Local communities, transit authorities and special jurisdictions may levy up to an additional 2 percent. The state comptroller’s website contains current sales tax rates for every community in Texas.

Government entities (e.g., counties, cities, schools) may levy an ad valorem tax on the real property of individuals, proprietorships and corporations. Total tax liability is determined by applying tax rates per $100 of assessed value (set by taxing authorities) to an appraisal done by each county appraisal district.

Three appraisal districts make up the Randolph Metrocom:

Bexar County
www.bcad.org

Comal County
www.comalcad.org

Guadalupe County
www.guadalupecad.org

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