Corporation tax: Tabular data
| State | Top rate | Bracket |
|---|---|---|
| Minnesota | 9.80% | – |
| Illinois (d) | 9.50% | – |
| Alaska | 9.40% | $222,000 |
| New Jersey (e) | 9.00% | $100,000 |
| Maine | 8.93% | $3,500,000 |
| California | 8.84% | – |
| Delaware (b) | 8.70% | – |
| Vermont | 8.50% | $25,000 |
| Pennsylvania | 8.49% | – |
| Maryland | 8.25% | – |
| Washington, D.C. | 8.25% | – |
| Massachusetts | 8.00% | – |
| Wisconsin | 7.90% | – |
| Oregon (b) | 7.60% | $1,000,000 |
| Connecticut (a) | 7.50% | – |
| Louisiana | 7.50% | $150,000 |
| New Hampshire | 7.50% | – |
| New York | 7.25% | $5,000,000 |
| Iowa | 7.10% | $100,000 |
| Rhode Island | 7.00% | – |
| Montana | 6.75% | – |
| Alabama | 6.50% | – |
| Kansas | 6.50% | $50,000 |
| Tennessee (b) | 6.50% | – |
| West Virginia | 6.50% | – |
| Hawaii | 6.40% | $100,000 |
| Michigan | 6.00% | – |
| Virginia | 6.00% | – |
| New Mexico | 5.90% | $500,000 |
| Nebraska | 5.84% | $100,000 |
| Idaho | 5.80% | – |
| Georgia (c) | 5.75% | – |
| Florida | 5.50% | $50,000 |
| Kentucky | 5.00% | – |
| Mississippi | 5.00% | $10,000 |
| South Carolina | 5.00% | – |
| Arizona | 4.90% | – |
| Indiana | 4.90% | – |
| Arkansas | 4.80% | $11,000 |
| Utah | 4.65% | – |
| Colorado | 4.40% | – |
| North Dakota | 4.31% | $50,000 |
| Missouri | 4.00% | – |
| Oklahoma | 4.00% | – |
| North Carolina | 2.50% | – |
| Nevada | (b) | |
| Ohio | (b) | |
| South Dakota | None | |
| Texas | (b) | |
| Washington | (b) | |
| Wyoming | None | |
| (a) Connecticut charges a 10% surtax on a business’s tax liability if it has gross proceeds of $100 million or more, or if it files as part of a combined unitary group. This surtax was recently extended and is scheduled to expire on January 1, 2026. | ||
| (b) Nevada, Ohio, Texas, and Washington do not have a corporate income tax but do have a gross receipts tax with rates not strictly comparable to corporate income tax rates. Delaware, Oregon, and Tennessee have gross receipts taxes in addition to corporate income taxes, as do several states like Pennsylvania, Virginia, and West Virginia, which permit gross receipts taxes at the local (but not state) level. | ||
| (c) Georgia’s corporate income tax rate is scheduled to revert to 6% on January 1, 2026. | ||
| (d) Illinois’ rate includes two separate corporate income taxes, one at a 7% rate and one at a 2.5% rate. | ||
| (e) In New Jersey, the rates indicated apply to a corporation’s entire net income rather than just income over the threshold. | ||
| Note: In addition to regular income taxes, many states impose other taxes on corporations such as gross receipts taxes and capital stock taxes. Some states also impose an alternative minimum tax and special rates on financial institutions. | ||
| Sources: Tax Foundation; state tax statutes, forms, and instructions; Bloomberg Tax | ||
View this data as a graph
| Receipts types | New York State | Everywhere | ||
|---|---|---|---|---|
| Amount of receipts | Percentage of total | Amount of receipts | Percentage of total | |
| Sales of tangible personal property | $432,634,254,366 | 39.5% | $9,286,714,364,227 | 46.15% |
| Receipts from other services/activities not specified | 477,222,546,809 | 43.6% | 8,511,901,486,525 | 42.30% |
| Rentals of real and tangible personal property | 40,468,291,919 | 3.7% | 286,518,710,846 | 1.42% |
| Financial receipts | 116,339,283,834 | 10.6% | 1,283,682,908,642 | 6.38% |
| All other receipts | 28,112,687,678 | 2.6% | 755,997,970,105 | 3.76% |
| Total | 1,094,777,064,606 | 100% | 20,124,815,440,345 | 100.00% |
View this data as a graph
Updated:
