Code Section
48-7-1, et seq. Act 912 Law 1994
Who is Required to File
Resident and non-resident individuals with taxable net income and estates and trusts; Partnerships are not taxable; Counties and municipalities may levy a 1% tax on an entire taxable net income
Rate
First $750, 1% Next $1,500, 2%; Next $1,500, 3%; Next $1,500, 4%; Next $1,750, 5%; Over $7,000, 6% (for single person)
Federal Income Tax Deduction
No
Federal Income used as Basis
Yes