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On each long-term note secured by real estate, except as otherwise provided in Article 3, an intangible recording tax is imposed at the rate of $1.50 for each $500.00 or fraction thereof of the face amount of the note secured by the recording of a security instrument (O.C.G.A. § 48-6-61). The maximum amount of intangible recording tax payable for any single note is $25,000.00 (O.C.G.A. § 48-6-61).
What else can I help you with?
Are churches in Florida exempt from paying documentary stamp tax and intangible tax?
Churches in Florida are exempt from paying intangible tax but not documentary stamp taxes. The state, county, and municipalities are exempt from the documentary stamp tax.
What is an intangible tax?
: A tax imposed by some states or local governments on the value of intangible assets such as stocks, bonds, money market funds, and bank account balances.
How do you find the tax rate if you have the pre tax and after tax profit?
After Tax Profit = Pretax Profit * (1 - Tax Rate) Solve for Tax Rate Tax Rate = 1 - (After Tax Profit/Pretax Profit)
What tax rate increases as the tax base increases?
The progressive tax rate is one where the tax rate increases as the taxable rate, or income, is increasing.
What is 91.00 plus tax?
The answer depends on the rate of tax.The answer depends on the rate of tax.The answer depends on the rate of tax.The answer depends on the rate of tax.
What is the tax for 85.00?
What percent is the tax rate? A tax rate of 10% would be $8.50.
What is the tax rate for PTO payout?
The tax rate for PTO payout is typically the same as your regular income tax rate.
What is the tax rate for vacation pay out?
The tax rate for vacation pay out is typically the same as your regular income tax rate.
What is the tax rate for vacation payout?
The tax rate for vacation payout is typically the same as your regular income tax rate.
What is the tax rate on a payout of PTO?
The tax rate on a payout of PTO is typically the same as your regular income tax rate.
What is the tax rate on vacation payout?
The tax rate on vacation payout is typically the same as your regular income tax rate.
A regressive tax is BEST defined as a rate of tax?
A regressive tax is a rate of tax that falls as the income rises.
