Do You Really Want to Tax Me? Compare Corporate Income Taxes Across State Jurisdictions

Corporate income taxes are levied in 44 states with rates ranging from 2.5% in North Carolina to 11.5% in New Jersey. Of the total, 11 states have top rates at or below 5%, four have rates at or above 9%, and 29 states and the District of Columbia have single-rate corporate tax systems—the others applying graduated rates. Use our State Law Comparison Tool to compare state-to-state. Using the drop-down click on the Corporate Income Tax Rates topic in the Tax practice area.

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• Corporate Income Tax Rates State Law Survey
  Reference this survey providing 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 South Dakota and Wyoming, imposes some type of tax on the income that domestic and foreign corporations generate from doing business in their state. Some apply the generic corporate income tax at a flat rate, while others impose their tax at graduated rates 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.

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