Skip to content

Corporate Income Tax Rates and Brackets

Though often thought of as a major tax type, corporate income taxes account for an average of just 4.73 percent of state tax collections and 2.27 percent of state general revenue.

All Related Articles

2023 state corporate income tax rates and brackets see state corporate tax rates by state

State Corporate Income Tax Rates and Brackets for 2023

New Jersey levies the highest top statutory corporate tax rate at 11.5 percent, followed by Minnesota (9.8 percent) and Illinois (9.50 percent). Alaska and Pennsylvania levy top statutory corporate tax rates of 9.40 percent and 8.99 percent, respectively.

2021 state corporate income tax rates and brackets. 2021 state corporate tax rates. What are the state corporate tax rates for 2021? Which state has the lowest corporate tax rate? Lowest state corporate tax rate

State Corporate Income Tax Rates and Brackets for 2021

North Carolina’s 2.5 percent corporate tax rate is the lowest in the country, followed by Missouri (4 percent) and North Dakota (4.31 percent). Seven other states impose top rates at or below 5 percent: Florida (4.458 percent), Colorado (4.55 percent), Arizona (4.9 percent), Utah (4.95 percent), and Kentucky, Mississippi, and South Carolina (5 percent).

State Corporate Income Tax Rates and Brackets for 2019, state corporate tax rates 2020

State Corporate Income Tax Rates and Brackets for 2020

Forty-four states currently levy a corporate income tax. Rates range from 2.5 percent in North Carolina to 12 percent in Iowa. Over the past year, several states, including Florida, Georgia, Indiana, Mississippi, Missouri, and New Jersey, implemented notable corporate income tax changes.

corporate income taxes, income tax rates and brackets,

State Corporate Income Tax Rates and Brackets for 2017

Corporate income taxes are levied in 44 states. Though often thought of as a major tax type, corporate income taxes account for just 5.4 percent of state tax collections and 2.7 percent of state general revenue. Here’s how corporate income taxes compare across the states.