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Corporate income tax rates in selected states

February 2, 2009 at 1:19AM

CORPORATE INCOME TAX RATES IN SELECTED STATES

HIGH

Pennsylvania: 9.99%

Minnesota: 9.8%

California: 8.84%

MEDIUM

New York: 7.1%

Tennessee: 6.5%

New Mexico: 4.8%-7.6% *

LOW

Michigan: 4.95%

Colorado: 4.63%

Texas: None

UPPER MIDWEST

Iowa: 6%-12% *

Wisconsin: 7.9%

North Dakota: 2.6%-6.5% *

South Dakota: None

* depending on income levelSource: Tax Foundation (www.taxfoundation.org)

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