Corporate Income Tax Rates State Law Survey

Summary

This survey provides a summary of laws in all 50 states plus the District of Columbia governing income tax rates imposed on corporations. Virtually every state, with the exception of Nevada, South Dakota, and Wyoming, imposes some type of tax on the income that domestic and foreign corporations obtain from doing business in their state. Some of the states impose the generic corporate income tax at a flat rate, while others impose their tax at a graduated rate up to a maximum percentage. Even those states that do not make claim to a net income tax have a generic broad-based franchise tax, which is imposed on the privilege of doing business in the state.