State Corporate Income Tax Analysis
How High are Corporate Income Tax Rates in Your State?
Top Marginal Corporate Income Tax Rates as of January 1, 2023
WAT
MT
6.75%
ND
4.31%
VI
NH
9.50%
#9
7.50%
#15
ME
18.93%
N6
OR
#22
#41
1.60%
#14
II}
5.80%
MN
9.80X
#2
WI
#30
SD
7.90%
WY
#13
MI
6.00%
#27
NY
7.25%
N10
IA
NV
NC
7.25%
9.40%
РА
0.99%
#5
#10
IL
CA
8.84%
17
UT
4.85%
010
#39
CO
4.55%
#3
IN
4.90%
#37
OH'
MA
8.00%
012
WV
6.50%
#40
Kh
7.00%
MO
4.00%
KY
5.00%
#73
VA
4.00%
N27
RI
7.XXX.
#20
#20
#42
#34
IN
OK
AZ
1.90%
#37
6.50% #23
NC
2.50%
#44
CT
7.50%
#15
4.00%
NM
5.90%
42
AR
5.308
SC
5.00%
NJ
11.50%
#33
#34
#29
AL
GA
#1
MS
!x. 15%
TX"
LA
7.50%
N15
5.00
#34
DE
#23
#31
8.70%
8#
AK
HII
640%
#76
MD
8.25%
FL
5.50%
#11
DC
#32
8.25%
(011)
Note: In addition to regular income taxes, many states impose other taxes on corporations such as
gross receipts taxes and franchise taxes. Some states also impose an alternative minimum tax and
special rates on financial institutions.
*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.
Top State Marginal Corporate
Income Tax Rates
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