State
Stats
|
Corporate
Income Taxes by State
(2003)
|
|
|
Top |
Per |
|
Rate
(%) |
Capita
($) |
|
1 |
|
Alabama |
6.5 |
53 |
|
2 |
|
Alaska |
9.4 |
342 |
|
3 |
|
Arizona |
6.968 |
114 |
|
4 |
|
Arkansas |
6.5 |
83 |
|
5 |
|
California |
8.8 |
165 |
|
6 |
|
Colorado |
4.6 |
74 |
|
7 |
|
Connecticut |
7.5 |
145 |
|
8 |
|
Delaware |
8.7 |
309 |
|
9 |
|
District of Columbia |
9.975 |
n/a |
|
10 |
|
Florida |
5.5 |
84 |
|
11 |
|
Georgia |
6.0 |
104 |
|
12 |
|
Hawaii |
6.4 |
44 |
|
13 |
|
Idaho |
7.6 |
77 |
|
14 |
|
Illinois |
7.3 |
173 |
|
15 |
|
Indiana |
8.5 |
167 |
|
16 |
|
Iowa |
12.0 |
82 |
|
17 |
|
Kansas |
4.0 |
96 |
|
18 |
|
Kentucky |
8.250 |
79 |
|
19 |
|
Louisiana |
8.0 |
65 |
|
20 |
|
Maine |
8.930 |
118 |
|
21 |
|
Maryland |
7.0 |
78 |
|
22 |
|
Massachusetts |
9.5 |
202 |
|
23 |
|
Michigan |
Note
1 |
240 |
|
24 |
|
Minnesota |
9.8 |
163 |
|
25 |
|
Mississippi |
5 |
83 |
|
26 |
|
Missouri |
6.25 |
51 |
|
27 |
|
Montana |
6.75 |
102 |
|
28 |
|
Nebraska |
7.81 |
81 |
|
29 |
|
Nevada |
0 |
0 |
|
30 |
|
New Hampshire |
8.5 |
213 |
|
31 |
|
New Jersey |
9 |
164 |
|
32 |
|
New Mexico |
7.6 |
94 |
|
33 |
|
New York |
7.5 |
159 |
|
34 |
|
North Carolina |
6.9 |
120 |
|
35 |
|
North Dakota |
10.5 |
159 |
|
36 |
|
Ohio |
8.5 |
67 |
|
37 |
|
Oklahoma |
6 |
56 |
|
38 |
|
Oregon |
6.6 |
98 |
|
39 |
|
Pennsylvania |
9.99 |
128 |
|
40 |
|
Rhode Island |
9 |
67 |
|
41 |
|
South Carolina |
5 |
60 |
|
42 |
|
South Dakota |
0 |
69 |
|
43 |
|
Tennessee |
6.5 |
104 |
|
44 |
|
Texas |
Note
2 |
0 |
|
45 |
|
Utah |
5 |
85 |
|
46 |
|
Vermont |
9.75 |
84 |
|
46 |
|
Virginia |
6 |
60 |
|
48 |
|
Washington |
0 |
0 |
|
49 |
|
West Virginia |
9 |
146 |
|
50 |
|
Wisconsin |
7.9 |
128 |
|
51 |
|
Wyoming |
0 |
0 |
Note 1: Michigan imposes a single business tax (sometimes described as a business activities tax or value added tax) of 1.9% on the sum of federal taxable income of the business, compensation paid to employees, dividends, interest, royalties paid and other items.
Note 2:
Texas imposes a franchise tax of 4.5% of earned surplus.
|