Center for State Tax Policy

Corporate Income Taxes

In addition to the federal corporate income tax rate, many U.S. states levy corporate income taxes of their own. Economists have long understood that corporate income taxes are double taxes, since the same income is taxed once as profit, and once as individual income when distributed as dividends to shareholders.

Contrary to popular misconception, the ultimate burden of corporate income taxes doesn’t fall on corporations, but is instead borne by workers, shareholders and consumers. According to a recent Federal Reserve study, state corporate taxes hurt entrepreneurship.

State Corporate Income Tax Rates and Brackets

Corporate Tax Rates by Country

California’s Corporate Income Tax Rate Could Rival the Federal Rate

Testimony: Oregon Should Conform to the Federal International Provisions under the Tax Cut and Jobs Act

Tax Reform Moving Quickly in Georgia

Idaho Tax Reform Bill Advances

Iowa Governor Outlines Plan to Cut Rates and Repeal Federal Deductibility

The United States’ Corporate Income Tax Rate is Now More in Line with Those Levied by Other Major Nations

State Corporate Income Tax Rates and Brackets for 2018

Pennsylvania’s New Penalties on Investment Could Scare off Amazon, Others

New Federal Reserve Paper: State Corporate Taxes Hurt Entrepreneurship

Does Your State’s Corporate Income Tax Code Conform with the Federal Tax Code?

Trends in State Tax Policy, 2018

Arkansas Tax Reform: Lessons from Other Legislators

North Carolina Continues its Successful Tax Reforms

Ranking Corporate Taxes on the 2018 State Business Tax Climate Index

2018 State Business Tax Climate Index

Does Your State Levy a Capital Stock Tax?

Ohio’s Commercial Activity Tax: A Reappraisal

How Much Does Your State Collect in Corporate Income Taxes Per Capita?

Net Operating Loss Carryforward & Carryback Provisions by State

With Veto Override, Illinois Legislature Abandons Reform Efforts