Rockingham County
Eden
Madison
Mayodan
Reidsville
Stoneville
Wentworth
$0.705
$0.62
$0.73
$0.58
$.073
$0.67
$0.00
NC Corporate Tax Rate
6.9%
NC Sales Tax Rate
7%
(4.5%
state, 2.5% local)
Local
Incentives
Rockingham County and the local municipalities review each
new business location individually in order to offer a
generous location assistance package. The local assistance
package is based on investment in machinery and equipment,
the creation of jobs, and building upfit.
State Incentives
North Carolina’s targeted,
performance-based incentive programs greatly lessen
the tax burden and lower the overall costs for companies
who are locating and doing business in our state.
Companies that meet certain requirements can take advantage
of tax credits and other incentives.
Article
3J Tax Credits
Credit for Creating Jobs:
Credit for Investing in Business Property:
Rockingham County (Tier
1)
$12,500 per job
*5
job minimum threshold
7%
* $0 minimum threshold
Credit for Investment in Real Property
Eligible taxpayers that invest at least $10 million in
real property within a three-year period and create at
least 200 new jobs within two years at an establishment
located in a tier 1 county are allowed
a credit equal to 30% of the eligible real property investment.
This credit is taken in equal installments over seven
years, beginning the year after the property is used
in an eligible business. To qualify for this credit,
the taxpayer must obtain a written determination from
the Department of Commerce.
