Corporate Tax Rates by State 2025

Minnesota
9.8%
Illinois
9.5%
Pennsylvania
8.99%
California
8.84%
Delaware
8.7%
District of Columbia
8.25%
Maryland
8.25%
Massachusetts
8%
Wisconsin
7.9%
Connecticut
7.5%
New Hampshire
7.5%
Rhode Island
7%
Montana
6.75%
Oregon
6.6%
Alabama
6.5%
New Jersey
6.5%
New York
6.5%
Tennessee
6.5%
West Virginia
6.5%
Michigan
6%
Vermont
6%
Virginia
6%
Idaho
5.8%
Georgia
5.75%
Nebraska
5.58%
Florida
5.5%
Iowa
5.5%
Kentucky
5%
South Carolina
5%
Arizona
4.9%
Indiana
4.9%
Utah
4.85%
New Mexico
4.8%
Colorado
4.4%
Hawaii
4.4%
Kansas
4%
Mississippi
4%
Missouri
4%
Oklahoma
4%
Louisiana
3.5%
Maine
3.5%
North Carolina
2.5%
North Dakota
1.41%
Arkansas
1%
State
Minimum
Maximum
Brackets Minimum
Brackets Maximum
Additional Details
Minnesota Flag
Minnesota9.8%$0
Illinois Flag
Illinois9.5%$0Illinois’ rate includes two separate corporate income taxes, one at a 7% rate and one at a 2.5% rate.
Pennsylvania Flag
Pennsylvania8.99%$0Pennsylvania permits gross receipts taxes at the local (but not state) level.
California Flag
California8.84%$0
Delaware Flag
Delaware8.7%$0Delaware has gross receipts taxes in addition to corporate income taxes.
District of Columbia Flag
District of Columbia8.25%$0
Maryland Flag
Maryland8.25%$0
Massachusetts Flag
Massachusetts8%$0
Wisconsin Flag
Wisconsin7.9%$0
Connecticut Flag
Connecticut7.5%$0Connecticut has historically charged a 10% surtax on a business’s tax liability if it has gross proceeds of $100 million or more, or if it files as part of a combined unitary group. This surtax must be extended by the legislature on occasion and could expire in the near future.
New Hampshire Flag
New Hampshire7.5%$0
Rhode Island Flag
Rhode Island7%$0
Montana Flag
Montana6.75%$0
Oregon Flag
Oregon6.6%7.6%$0$1.00 MnOregon has gross receipts taxes in addition to corporate income taxes.
Alabama Flag
Alabama6.5%$0
New Jersey Flag
New Jersey6.5%11.5%$0$1.00 MnIn New Jersey, the rates indicated apply to a corporation’s entire net income rather than just income over the threshold. A temporary and retroactive surcharge is in effect from 2020 to 2023, bringing the rate to 11.5% for businesses with income over $1 million.
New York Flag
New York6.5%7.3%$0$5.00 Mn
Tennessee Flag
Tennessee6.5%$0Tennessee has gross receipts taxes in addition to corporate income taxes.
West Virginia Flag
West Virginia6.5%$0West Virginia permits gross receipts taxes at the local (but not state) level.
Michigan Flag
Michigan6%$0
Vermont Flag
Vermont6%8.5%$0$25,000
Virginia Flag
Virginia6%$0Virginia permits gross receipts taxes at the local (but not state) level.
Idaho Flag
Idaho5.8%$0
Georgia Flag
Georgia5.75%$0Georgia’s corporate income tax rate will revert to 6% on January 1, 2026.
Nebraska Flag
Nebraska5.58%7.3%$0$100,000
Florida Flag
Florida5.5%$0
Iowa Flag
Iowa5.5%8.4%$0$100,000
Kentucky Flag
Kentucky5%$0
South Carolina Flag
South Carolina5%$0
Arizona Flag
Arizona4.9%$0
Indiana Flag
Indiana4.9%$0
Utah Flag
Utah4.85%$0
New Mexico Flag
New Mexico4.8%5.9%$0$500,000
Colorado Flag
Colorado4.4%$0
Hawaii Flag
Hawaii4.4%6.4%$0$100,000
Kansas Flag
Kansas4%7%$0$50,000
Mississippi Flag
Mississippi4%5%$5,000$10,000
Missouri Flag
Missouri4%$0
Oklahoma Flag
Oklahoma4%$0
Louisiana Flag
Louisiana3.5%7.5%$0$150,000
Maine Flag
Maine3.5%8.9%$0$3.50 Mn
North Carolina Flag
North Carolina2.5%$0
North Dakota Flag
North Dakota1.41%4.3%$0$50,000
Arkansas Flag
Arkansas1%5.3%$0$25,000
Alaska Flag
Alaska9.4%$0$222,000
Nevada Flag
Nevada$0Nevada does not have a corporate income tax but does have a gross receipts tax with rates not strictly comparable to corporate income tax rates.
Ohio Flag
Ohio$0Ohio does not have a corporate income tax but does have a gross receipts tax with rates not strictly comparable to corporate income tax rates.
South Dakota Flag
South Dakota$0No corporate taxes.
Texas Flag
Texas$0Texas does not have a corporate income tax but does have a gross receipts tax with rates not strictly comparable to corporate income tax rates.
Washington Flag
Washington$0Washington does not have a corporate income tax but does have a gross receipts tax with rates not strictly comparable to corporate income tax rates.
Wyoming Flag
Wyoming$0No corporate taxes.