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News

Aug 06, 2021

The Victoria County Navigation District and Zinc Resources, LLC unanimously approved an agreement for a 25-acre lease on the new rail loop at the Port 's Victoria North Industrial Site. 

Jul 29, 2021

Dallas, Texas — TNW Corporation (TNW), a privately held owner and operator of short line railroads and transportation logistics companies, has been selected by the Victoria County Navigation District (VCND) in Victoria, Texas to provide the Port of Victoria’s rail operations and co-develop a planned 3,000 acre multi-modal logistics facility.

Jul 21, 2021
The Board of Directors of the Victoria Economic Development Corporation announces the selection of a new president to lead the organization.

Other Taxes

Income Tax

Texas has no personal or corporate income tax. A state franchise tax applies to all corporations with representation in Texas.


Franchise Tax

The Texas franchise tax is a privilege tax imposed on each corporation and limited liability company chartered/organized in Texas or doing business in Texas. For franchise tax purposes, the term 'corporation' also includes a bank, state limited banking association, savings and loan association, limited liability company, professional limited liability company, a corporation that elects to be an S corporation for federal income tax purposes, and a professional corporation.


Sales & Use Tax

The state levies a sales and use tax of 6.25% on sales of tangible personal property and certain services. The City of Victoria and Victoria County add an additional sales tax of 2.0% making the total combined rate of 8.25%. There are exemptions for groceries, medicine, property for resale, manufacturing equipment and many items used exclusively on farms and ranches for food production.


Payroll Costs

Businesses that employ one or more individuals may be subject to the state unemployment tax. For new employers, the maximum amount of taxable wages per employee, per calendar year is set by statute and is currently $9,000. Texas law sets an employer's entry-level tax rate at their NAICS industry average or 2.7 percent, whichever is higher. For experienced employers, the minimum effective tax rate for 2020 is .31% and the maximum effective tax rate is 6.31% with an average experienced tax rate of 0.93%.