Valleyview

Franklin County

Recent Tax and Credit History

From Date Thru Date Tax Rate Credit Factor
(Tax Credit)
Credit Rate
(Credit Limit)
01/01/2012 current 1.000 % 0.000 % 0.000 %
01/01/2011 12/31/2011 0.000 % 0.000 % 0.000 %

* History displayed for the past 7 years.

Special Notes and Tax Documents

Under Construction

RULES & REGULATIONS View Document
TAX ORDINANCE View Document
2106 BUSINESS EXPENSES 2106 Business Expenses are allowed.
3903 MOVING EXPENSES 3903 Moving Expenses are allowed.
AGE EXEMPTION Individuals under 18 years of age are exempt from paying municipal income tax.
BALANCE DUE/OVERPAYMENT INFORMATION Amounts of less than $1 will not be collected or refunded.
ESTIMATED PAYMENT REQUIREMENTS Quarterly payments of estimated tax must be made if the anticipated amount is over $100.
LOTTERY/GAMBLING WINNINGS Lottery/Gambling winnings are taxable - no minimum.
NET OPERATING LOSS A net operating loss may be carried forward for 5 years.
RENTAL INCOME Rental income is taxable regardless of the total gross rental received.
S-CORPS S-Corp distributive shares that do not represent wages are generally not taxable and should not be reported on Form 37 Schedule J.
WITHHOLDING FILING FREQUENCY It is required that on or before the last day of each month, the taxes withheld in the previous month be paid and Form 11 filed with RITA. However, if the amount withheld in any one month for a municipality is less than $100, the employer may defer the filing of Form 11 and the payment of the amount withheld until the last day of the month following the end of each calendar quarter.