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state_corp_income_rates_2000-2012-20120216

state_corp_income_rates_2000-2012-20120216

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Categories:Types, Research
Published by: Tax Foundation on Mar 06, 2012
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03/15/2013

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State Rates Brackets
  Ala. 6.5% > $0 Alaska 1% > $02% > $10,0003% > $20,0004% > $30,0005% > $40,0006% > $50,0007% > $60,0008% > $70,0009% > $80,0009.4% > $90,000 Ariz. 6.968% > $0 Ark. (a) 1% > $02% > $3,0003% > $6,0005% > $11,0006% > $25,0006.5% > $100,000Calif. 8.84% > $0Colo. 4.63% > $0Conn. (b) 9% > $0Del. (c) 8.7% > $0Fla. 5.5% > $0Ga. 6% > $0Hawaii 4.4% > $05.4% > $25,0006.4% > $100,000Idaho 7.6% > $0Ill. (d) 9.5% > $0Ind. (e) 8.5% > $0Iowa 6% > $08% > $25,00010% > $100,00012% > $250,000Kans. 4% > $07% > $50KKy. 4% > $05% > $50,0006% > $100,000La. 4% > $05% > $25,0006% > $50,0007% > $100,0008% > $200,000Maine 3.50% > $07.93% > $25,0008.33% > $75,0008.93% > $250,000Md. 8.25% > $0Mass. 8.00% > $0Mich. 6.00% $0Minn. 9.8% > $0Miss. 3% > $04% > $5,0005% > $10,000Mo. 6.25% > $0Mont. 6.75% > $0Nebr. 5.58% > $07.81% > $100,000
 
State Corporate Income Tax RatesAs of January 1, 2012
 
Nev. NoneN.H. 8.5% > $0N.J. (f) 9% > $100,000N.M. 4.8% > $06.4% > $500,0007.6% > $1,000,000N.Y. 7.1% > $0N.C.(a) 6.9% > $0N.D. 1.7% > $04.23% > $25,0005.2% > $50,000Ohio (c)Okla. 6% > $0Ore. 6.6% > $07.6% > $250,000Pa. 9.99% > $0R.I. 9% > $0S.C. 5% > $0S.D. NoneTenn. 6.5% > $0Tex. (c)Utah 5% > $0Vt. 6.0% > $07.0% > $10,0008.5% > $25,000Va. (c) 6% > $0Wash. (c)W.Va. 7.75% > $0Wis. 7.9% > $0Wyo. NoneD.C. 9.975% > $0Source: Tax Foundation; state tax forms and instructions.Tax Foundationwww.TaxFoundation.org(d) Illinois's rate includes two separate corporate income taxes, one at a 7% rate and one at a2.5% rate.(e) The tax rate in Indiana will decrease to 8% on July 1, 2012.(f) Corporations with entire net income greater than $100K pay 9% on all taxable income,companies with entire net income greater than $50K and less than or equal to $100K pay 7.5%on all taxable income, and companies with entire net income less than or equal to $50K pay6.5% on all taxable income.Note: In addition to regular income taxes, many states impose other taxes on corporations suchas gross receipts taxes and franchise taxes. Some states also impose an alternative minimumtax. Some states impose special rates on financial institutions.(a) North Carolina and Arkansas assess a surcharge of 3% of the taxpayer's total liability.(b) Rate includes a 20% surtax, which effectively increases the rate from 7.5% to 9%.(c) Ohio, Texas, and Washington do not have a corporate income tax but do have a grossreceipts tax with rates not strictly comparable to corporate income tax rates. See Table 18 for more information. Delaware and Virginia have a gross receipts tax in addition to the corporateincome tax.
 
State Rates Brackets(a)
  Ala. 6.5% > $0 Alaska 1.0% > $02.0% > $10K3.0% > $20K4.0% > $30K5.0% > $40K6.0% > $50K7.0% > $60K8.0% > $70K9.0% > $80K9.4% > $90K Ariz. 6.968% > $0 Ark. 1.0% > $02.0% > $3K3.0% > $6K5.0% > $11K6.0% > $25K6.5% > $100KCalif. 8.84% > $0Colo. 4.63% > $0Conn. 7.5% > $0Del. (a) 8.7% > $0Fla. 5.5% > $0Ga. 6.0% > $0Hawaii 4.4% > $05.4% > $25K6.4% > $100KIdaho 7.6% > $0Ill. (c) 9.5% > $0Ind. 8.5% > $0Iowa 6.0% > $08.0% > $25K10.0% > $100K12.0% > $250KKans. 4.0% > $07.0% > $50KKy. 4.0% > $05.0% > $50K6.0% > $100KLa. 4.0% > $05.0% > $25K6.0% > $50K7.0% > $100K8.0% > $200KMaine 3.5% > $07.93% > $25K8.33% > $75K8.93% > $250KMd. 8.25% > $0Mass. 8.25% > $0Mich. (a)Minn. 9.8% > $0Miss. 3.0% > $04.0% > $5K5.0% > $10KMo. 6.25% > $0Mont. 6.75% > $0Nebr. 5.58% > $0
 
State Corporate Income Tax RatesAs of January 1st, 2011

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