Where can taxpayers find their SIC code and why is it required on the forms?
SIC codes are online at the OSHA (Occupational Safety and Health Administration) Web site. In the “enter the search keyword” box, enter the word or words that best describe your business, and click “submit.” The search will return the classification choices for you to select the best match for your business. The statute specifies that a tax rate of 0.5% be applied to taxable entities primarily engaged in wholesale or retail trade as described in Division F and Division G of the 1987 Standard Industrial Classification (SIC) Manual. The Comptroller’s office uses the SIC code to verify that the appropriate tax rate was used.
SIC codes are online at the OSHA (Occupational Safety and Health Administration) Web site. In the “enter the search keyword” box, enter the word or words that best describe your business, and click “submit.” The search will return the classification choices for you to select the best match for your business. The statute specifies that a tax rate of 0.5% be applied to taxable entities primarily engaged in wholesale or retail trade as described in Division F and Division G of the 1987 Standard Industrial Classification (SIC) Manual. The Comptroller’s office uses the SIC code to verify that the appropriate tax rate was used.
