State Stats
 

Corporate Income Taxes by State

(2003)
    Top Per
  Rate (%) Capita ($)
  1   Alabama 6.5 53
  2   Alaska 9.4 342
  3   Arizona 6.968 114
  4   Arkansas 6.5 83
  5   California 8.8 165
  6 Colorado 4.6 74
  7 Connecticut 7.5 145
  8 Delaware 8.7 309
  9 District of Columbia 9.975 n/a
  10 Florida 5.5 84
  11   Georgia 6.0 104
  12   Hawaii 6.4 44
  13   Idaho 7.6 77
  14   Illinois 7.3 173
  15   Indiana 8.5 167
  16 Iowa 12.0 82
  17 Kansas 4.0 96
  18 Kentucky 8.250 79
  19 Louisiana 8.0 65
  20 Maine 8.930 118
  21   Maryland 7.0 78
  22   Massachusetts 9.5 202
  23   Michigan Note 1 240
  24   Minnesota 9.8 163
  25   Mississippi 5 83
  26 Missouri 6.25 51
  27 Montana 6.75 102
  28 Nebraska 7.81 81
  29 Nevada 0 0
  30 New Hampshire 8.5 213
  31   New Jersey 9 164
  32   New Mexico 7.6 94
  33   New York 7.5 159
  34   North Carolina 6.9 120
  35   North Dakota 10.5 159
  36 Ohio 8.5 67
  37 Oklahoma 6 56
  38 Oregon 6.6 98
  39 Pennsylvania 9.99 128
  40 Rhode Island 9 67
  41   South Carolina 5 60
  42   South Dakota 0 69
  43   Tennessee 6.5 104
  44   Texas Note 2 0
  45   Utah 5 85
  46 Vermont 9.75 84
  46 Virginia 6 60
  48 Washington 0 0
  49 West Virginia 9 146
  50 Wisconsin 7.9 128
  51   Wyoming 0 0

 

Note 1: Michigan imposes a single business tax (sometimes described as a business activities tax or value added tax) of 1.9% on the sum of federal taxable income of the business, compensation paid to employees, dividends, interest, royalties paid and other items.

 

Note 2: Texas imposes a franchise tax of 4.5% of earned surplus.

 

Source for tax rates: Federation of Tax Administrators

 

Source for per capita tax burden: Public Policy Institute of New York State

 

 
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