Business License Rates Inside the City City of Goose Creek
The license fee for each class of business INSIDE the City limits shall be computed in accordance with the following rates:
| Class |
For first $2,000 of Gross Income |
After the first $2,000 up to Million Gross Income |
| 1 |
$17.00 per $1,000 or fraction thereof
|
$1.60 per $1,000 or fraction thereof
|
| 2 |
$20.50 per $1,000 or fraction thereof
|
$1.80 per $1,000 or fraction thereof |
| 3 |
$24.50 per $1,000 or fraction thereof
|
$2.00 per $1,000 or fraction thereof |
| 4 |
$29.00 per $1,000 or fraction thereof
|
$2.20 per $1,000 or fraction thereof |
| 5 |
$33.00 per $1,000 or fraction thereof |
$2.40 per $1,000 or fraction thereof |
| 6 |
$37.00 per $1,000 or fraction thereof |
$2.60 per $1,000 or fraction thereof
|
| 7 |
$41.00 per $1,000 or fraction thereof |
$2.60 per $1,000 or fraction thereof
|
| 8 |
Click here for Fee Schedule |
*All classes with gross income in excess of one million dollars should use the declining rate below:
| Gross Income |
Percentage of Fee |
|
First $1,000,000
|
100%
|
|
$1,000,001 - $2,000,000
|
90%
|
|
$2,000,001 - $3,000,000
|
80%
|
|
$3,000,001 - $4,000,000
|
70%
|
|
$4,000,001 - above
|
60%
|
EXAMPLE: Class 3 business inside the City with gross income of $2,500,000
| First $2,000 at $24.50 per thousand |
2 x $24.50 = $49.00
|
| Over $2,000 to One million at $2.00 per thousand ($1,000,000 - $2,000 = $998,000, or 998 thousands) |
998 x $2.00 = $1,996.00
|
| One million to two million at 90% of $2.00 |
1,000 x $1.80 = $1,800
|
| Two million to three million at 80% of $2.00 |
500 x $1.60 = $800.00
|
| TOTAL |
$4,645.00
|
|
