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. Most states impose some type of tax on the income that domestic and foreign corporations obtain from doing business in their state. Nevada, Ohio, South Dakota, Texas, Washington, and Wyoming do not impose a broad-based corporate income tax, although Nevada, Ohio, Texas, and Washington impose other broad-based business taxes measured by gross receipts, taxable margin, or similar non-income bases. 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.