Oil & Gas Investing > Tax Reference Information > State Corporate
Income Tax Rates
For tax year 2005 -- as of January 1, 2005
|
State |
Tax Rates |
Tax Brackets |
# of Brackets |
Bank Tax Rates |
Federal Tax Deductible |
ALABAMA |
6.5 |
----Flat Rate---- |
1 |
6.5 |
* |
ALASKA |
1.0 - 9.4 |
10,000 |
. |
90,000 |
10 |
1.0 - 9.4 |
. |
ARIZONA |
6.968 (b) |
----Flat Rate---- |
1 |
6.968 |
. |
ARKANSAS |
1.0 - 6.5 |
3,000 |
. |
100,000 |
6 |
1.0 - 6.5 |
. |
CALIFORNIA |
8.84 (c) |
----Flat Rate---- |
1 |
10.84 (c) |
. |
COLORADO |
4.63 |
----Flat Rate---- |
1 |
4.63 |
. |
CONNECTICUT |
7.5 (d) |
----Flat Rate---- |
1 |
7.5 (d) |
. |
DELAWARE |
8.7 |
----Flat Rate---- |
1 |
8.7-1.7 (e) |
. |
FLORIDA |
5.5 (f) |
----Flat Rate---- |
1 |
5.5 (f) |
. |
GEORGIA |
6.0 |
----Flat Rate---- |
1 |
6.0 |
. |
HAWAII |
4.4 - 6.4 (g) |
25,000 |
. |
100,000 |
3 |
7.92 (g) |
. |
IDAHO |
7.6 (h) |
----Flat Rate---- |
1 |
7.6 (h) |
. |
ILLINOIS |
7.3 (i) |
----Flat Rate---- |
1 |
7.3 (i) |
. |
INDIANA |
8.5 |
----Flat Rate---- |
1 |
8.5 |
. |
IOWA |
6.0 - 12.0 |
25,000 |
. |
250,000 |
4 |
5.0 |
* (k) |
KANSAS |
4.0 (l) |
----Flat Rate---- |
1 |
2.25 (l) |
. |
KENTUCKY |
4.0 - 8.25 |
25,000 |
. |
250,000 |
5 |
--- (a) |
. |
LOUISIANA |
4.0 - 8.0 |
25,000 |
. |
200,000 |
5 |
--- (a) |
* |
MAINE |
3.5 - 8.93 (m) |
25,000 |
. |
250,000 |
4 |
1.0 |
. |
MARYLAND |
7.0 |
----Flat Rate---- |
1 |
7.0 |
. |
MASSACHUSETTS |
9.5 (n) |
----Flat Rate---- |
1 |
10.5 (n) |
. |
MINNESOTA |
9.8 (o) |
----Flat Rate---- |
1 |
9.8 (o) |
. |
MISSISSIPPI |
3.0 - 5.0 |
5,000 |
. |
10,000 |
3 |
3.0 - 5.0 |
. |
MISSOURI |
6.25 |
----Flat Rate---- |
1 |
7.0 |
* (k) |
MONTANA |
6.75 (p) |
----Flat Rate---- |
1 |
6.75 (p) |
. |
NEBRASKA |
5.58 - 7.81 |
. |
50,000 |
. |
2 |
--- (a) |
. |
NEW HAMPSHIRE |
8.5 (q) |
----Flat Rate---- |
1 |
8.5 (q) |
. |
NEW JERSEY |
9.0 (r) |
----Flat Rate---- |
1 |
9 (r) |
. |
NEW MEXICO |
4.8 - 7.6 |
500,000 |
. |
1 million |
3 |
4.8 - 7.6 |
. |
NEW YORK |
7.5 (s) |
----Flat Rate---- |
1 |
7.5 (s) |
. |
NORTH CAROLINA |
6.9 (t) |
----Flat Rate---- |
1 |
6.9 (t) |
. |
NORTH DAKOTA |
2.6 - 7.0 |
3,000 |
. |
30,000 |
5 |
7 (b) |
* |
OHIO |
5.1 - 8.5 (u) |
. |
50,000 |
. |
2 |
--- (u) |
. |
OKLAHOMA |
6.0 |
----Flat Rate---- |
1 |
6.0 |
. |
OREGON |
6.6 (b) |
----Flat Rate---- |
1 |
6.6 (b) |
. |
PENNSYLVANIA |
9.99 |
----Flat Rate---- |
1 |
--- (a) |
. |
RHODE ISLAND |
9.0 (b) |
----Flat Rate---- |
1 |
9.0 (v) |
. |
SOUTH CAROLINA |
5.0 |
----Flat Rate---- |
1 |
4.5 (w) |
. |
SOUTH DAKOTA |
--- |
. |
. |
. |
. |
6.0-0.25% (b) |
. |
TENNESSEE |
6.5 |
----Flat Rate---- |
1 |
6.5 |
. |
UTAH |
5.0 (b) |
----Flat Rate---- |
. |
5.0 (b) |
. |
VERMONT |
7.0 - 9.75 (b) |
10,000 |
. |
250,000 |
4 |
7.0 - 9.75 (b) |
. |
VIRGINIA |
6.0 |
----Flat Rate---- |
1 |
6.0 (x) |
. |
WEST VIRGINIA |
9.0 |
----Flat Rate---- |
1 |
9.0 |
. |
WISCONSIN |
7.9 |
----Flat Rate---- |
1 |
7.9 |
. |
DIST. OF COLUMBIA |
9.975 (y) |
----Flat Rate---- |
. |
9.975 (y) |
. |
|
|
