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Multistate Corporate Income Taxes (Subscribe)

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Multistate corporation income tax help, forms and answers to thousands of state corporate income tax questions. Handy summary of all state corporations taxes, including assessment, collection, appeals, planning and more. Includes income and franchise tax nexus and doing business in the various states, allocation and apportionment, business and nonbusiness income, consolidated and combined returns, and other Multistate corporation tax information.

Multistate Corporation Taxes by State
--Click on Column Headings to Sort--
State Income Tax Gross Receipts Tax Capital Stock Tax
Alabama 6.5%> $0 N/A 0.180% ($15,000 Max.)
Alaska 1%> $0
2%> $10,000
5%> $20,000
4%> $30,000
5%> $40,000
6%> $50,000
7%> $60,000
8%> $70,000
9%> $80,000
9.4%> $900,000
N/A N/A
Arizona 6.97%> $0 N/A N/A
Arkansas 1%> $0
2%> $3,000
3%> $6,000
5%> $11,000
6%> $25,000
6.5%> $100,000
N/A 0.300%
California 8.84%> $0 N/A N/A
Colorado 4.63%> $0 N/A N/A
Connecticut 7.5%> $0 N/A 0.310% ($1 Million Max.)
Higher of Income or Capital Tax
DC 9.98%> $0 N/A N/A
Delaware 8.7%> $0 0.576% 0.030% ($180,000 Max.)
Florida 5.5%> $0 N/A N/A
Georgia 6.0%> $0 N/A 0.100% ($5,000 Max.)
Hawaii 4.4%> $0
5.4%> $25,000
6.4%> $100,000
N/A N/A
Idaho 7.6%> $0 N/A N/A
Illinois 7.3%> $0 N/A 0.100% ($2,000,000 Max.)
Indiana 8.5%> $0 N/A N/A
Iowa 6%> $0
8%> $25,000
10%> $100,000
12%> $250,000
N/A N/A
Kansas 4.0%> $0
7.05%> $50,000
N/A 0.130% ($20,000 Max.)
Kentucky 4%> $0
5%> $50,000
6%> $100,000
0.095% N/A
Louisiana 4%> $0
5%> $25,000
6%> $50,000
7%> $100,000
8%> $250,000
N/A 0.300%
Maine 3.5%> $0
7.93%> $25,000
8.33%> $75,000
8.93%> $250,000
N/A N/A
Maryland 8.25%> $0 N/A N/A
Massachusetts 9.5%> $0 N/A 0.260%
Michigan 4.95%> $0 N/A N/A
Minnesota 9.8%> $0 0.98% N/A
Mississippi 3%> $0
4%> $5,000
5%> $10,000
N/A 0.250%
Missouri 6.25%> $0 N/A 0.030%
Montana 6.75%> $0 N/A N/A
Nebraska 5.58%> $0
7.81%> $50,000
N/A 0.030%
Nevada N/A N/A N/A
New Hampshire 8.5%> $50,000 0.75% N/A
New Jersey 6.76%> $0
7.8%> $50,000
9.36%> $100,000
N/A N/A
New Mexico 4.8%> $0
6.4%> $500,000
7.6%> $1,000,000
N/A N/A
New York 7.1%> $0 N/A 0.150% ($10 Million Max.)
Higher of Income or Capital Tax
North Carolina 6.9%> $0 N/A 0.150% ($75,000 Max.)
North Dakota 2.6%> $0
4.10%> $3,000
5.6%> $8,000
6.4%> $20,000
6.5%> $30,000
N/A N/A
Ohio 2.04%> $0
3.4%> $50,000
0.208% 0.160% ($60,000 Max.)
Higher of Income or Capital Tax
Oklahoma 6.0%> $0 N/A 0.130% ($20,000 Max.)
Oregon 6.6%> $0
7.9%> $250,000
N/A N/A
Pennsylvania 9.99%> $0 N/A 0.290%
Rhode Island 9.0%> $0 N/A 0.030%
South Carolina 5.0%> $0 N/A 0.100%
Higher of Income or Capital Tax
South Dakota N/A N/A N/A
Tennessee 6.5%> $0 N/A 0.250%
Texas N/A 1.0% N/A
Utah 5.0%> $0 N/A N/A
Vermont 6%> $0
7%> $10,000
8.5%> $25,000
N/A N/A
Virginia 6.0%> $0 N/A N/A
Washington N/A 0.484% N/A
West Virginia 8.7%> $0 N/A 0.550%
Wisconsin 7.9%> $0 N/A N/A
Wyoming N/A N/A 0.020%
 
 
 

Categories

Accounting Periods and Methods
State Corporate Income Tax Accounting Periods
Allocation and Apportionment
Multistate Corporation Allocation And Apportionment
Alternative Minimum Tax
State Corporate Alternative Minimum Tax
Assessment and Collection
State Corporate Income Tax Collection
Audits and Protests
State Corporate Income Tax Audit
Business and Nonbusiness Income
State Corporate Business Income
Computing State Taxable Income
State Corporate Taxable Income
Consolidated and Combined Returns
State Corporate Combined Return
Credits
State Corporate Income Tax Credit
Deductions
State Corporate Income Tax Deduction
Depreciation
State Corporate Income Tax Depreciation
Exemptions
State Corporate Income Tax Exemption
Federal and State Conformity
State Corporate Income Tax Conformity
Federal RAR
State Corporate Income Tax RAR
Filing and Payments
State Corporate Income Tax Filing
Foreign Source Income
State Corporate Foreign Source Income
Limited Liability Companies
State LLC Income Tax
Mergers and Acquisitions
State Corporate Income Tax Reorganization
Nexus and Doing Business
State Corporate Income Tax Nexus
NOLs
State Corporate Income Tax NOL
Payroll Factor
Multistate Corporation Payroll Factor
Planning
State Corporate Income Tax Planning
Property Factor
Multistate Corporation Property Factor
S Corporations
State S Corporation Income Tax
Sales Factor
Multistate Corporation Sales Factor
Unitary Business Concept
State Corporate Income Tax Unitary Business

Related Categories

Links

AICPA State Corporation Income Tax Return Checklist popular

Developed by members of the State and Local Taxation Committee of the Tax Division of the American Institute of Certified Public Accountants. Covers state corporation income tax return issues and concerns applicable to all states in general. Should not be relied upon for a specific taxpayer; rather, the laws and policies of each state should be verified for application to specific returns.

http://www.statetaxcentral.com/cache/corcheck.htm

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AICPA State Corporation Income Tax Return Preparation Guide popular

Developed by members of the State and Local Taxation Committee of the Tax Division of the American Institute of Certified Public Accountants. Identifies the most common problems or unique issues concerning each of the states' corporation income tax returns. Should not be relied upon for a specific taxpayer; rather, the laws and policies of each state should be verified for application to specific returns.

http://www.statetaxcentral.com/cache/corguide.htm

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Individual State Tax Collections by Type of Tax popular

Individual amounts collected by each states for sales tax, incomes taxes, property tax and other taxes for the past 10 years.

http://www.taxfoundation.org/collectionsbytypeoftax.html

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Total State Tax Collections by Type of Tax popular

Total amounts collected by all states for sales tax, incomes taxes, property tax and other taxes for the past 10 years.

http://www.taxfoundation.org/collectionsbytype10years.html

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AICPA State Corporate Tax Issues Practice Guide

Developed by the AICPA State and Local Taxation Committee to inform practitioners about state corporate tax issues, such as nexus, multistate tax issues, and state net operating loss (NOL) issues. Should not be relied upon for a specific taxpayer; rather, the laws and policies of each state should be verified for application to specific returns.

http://www.statetaxcentral.com/cache/praguide.htm

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Barclay's Bank PLC v. Franchise Tax Bd., 512 U.S. 298  (1994)

California franchise tax. Cite as 512 U.S. 298, 114 S.Ct. 2268, 129 L.Ed.2d 244 (1994). Commerce and Due Process Clauses. Application of Complete Auto's guides and "additional scrutiny" required when a State seeks to tax foreign commerce: 1. the enhanced risk of multiple taxation, and 2. impairment of federal uniformity in an area where federal uniformity is essential (speaking with one voice in international trade). See also Colgate-Palmolive Company, v. Franchise Tax Board of California, 512 U.S. 298 (1994)

http://laws.findlaw.com/us/000/u10358.html

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Colgate-Palmolive Company, v. Franchise Tax Board of California, 512 U.S. 298 (1994)

California franchise tax. Cite as 512 U.S. 298, 114 S.Ct. 2268, 129 L.Ed.2d 244 (1994). Commerce and Due Process Clauses. Application of Complete Auto's guides and "additional scrutiny" required when a State seeks to tax foreign commerce: 1. the enhanced risk of multiple taxation, and 2. impairment of federal uniformity in an area where federal uniformity is essential (speaking with one voice in international trade). See also Barclay's Bank PLC v. Franchise Tax Bd., 512 U.S. 298  (1994)

http://laws.findlaw.com/us/000/u10358.html

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Complete Auto Transit, Inc. v. Brady, 430 U.S. 274 (1977)

Four-prong test for satisfiying the Commerce Clause: 1. sufficient nexus, 2. tax is fairly apportioned, 3. no discrimination against interstate commerce, 4. tax related to services provided by the State.

http://laws.findlaw.com/us/430/274.html

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