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About the Midwest: Business Climate

Corporate Income Taxes

Alliant Energy service territory

State

Rate

Tax Brackets

Number of Brackets

Iowa

6.0-12.0

25,000 -- 250,000

4

Minnesota

9.8

---Flat Rate---

1

Wisconsin

7.9

---Flat Rate---

1

State-by-state Rates

State

Rate

Tax Brackets

Number of Brackets

Alabama

6.5

---Flat Rate---

1

Alaska

1.0-9.4

10,000 -- 90,000

10

Arizona

6.968

---Flat Rate---

1

Arkansas

1.0-6.5

3,000 -- 100,000

6

California

8.84

---Flat Rate---

1

Colorado

4.63

---Flat Rate---

1

Connecticut

7.5

---Flat Rate---

1

Delaware

8.7

---Flat Rate---

1

Florida

5.5

---Flat Rate---

1

Georgia

6.0

---Flat Rate---

1

Hawaii

4.4-6.4

25,000 -- 100,000

3

Idaho

7.6

---Flat Rate---

1

Illinois

7.3

---Flat Rate---

1

Indiana

8.5

---Flat Rate---

1

Iowa

6.0-12.0

25,000 -- 250,000

4

Kansas

4.0

---Flat Rate---

1

Kentucky

4.0-6.0

50,000 -- 100,000

3

Louisiana

4.0-8.0

25,000 -- 200,000

5

Maine

3.5-8.93

25,000 -- 250,000

4

Maryland

8.3

---Flat Rate---

1

Massachusetts

9.5

---Flat Rate---

1

Michigan

4.95

---Flat Rate---

1

Minnesota

9.8

---Flat Rate---

1

Mississippi

3.0-5.0

5,000 -- 10,000

3

Missouri

6.25

---Flat Rate---

1

Montana

6.75

---Flat Rate---

1

Nebraska

5.58-7.81

<50,000>

2

New Hampshire

8.5

---Flat Rate---

1

New Jersey

9.0

---Flat Rate---

1

New Mexico

4.8-7.6

500,000 -- 1 million

3

New York

7.5

---Flat Rate---

1

North Carolina

6.9

---Flat Rate---

1

North Dakota

2.6-6.5

3,000 -- 30,000

5

Ohio

5.1-8.5

<50,000>

2

Oklahoma

6.0

---Flat Rate---

1

Oregon

6.6

---Flat Rate---

1

Pennsylvania

9.99

---Flat Rate---

1

Rhode Island

9.0

---Flat Rate---

1

South Carolina

5.0

---Flat Rate---

1

Tennessee

6.5

---Flat Rate---

1

Utah

5.0

---Flat Rate---

1

Vermont

6.0-8.5

10,000 -- 250,000

3

Virginia

6.0

---Flat Rate---

1

West Virginia

8.5

---Flat Rate---

1

Wisconsin

7.9

---Flat Rate---

1

For full table and notes, see: State Corporate Income Tax Rates Table , Federation of Tax Administrators , updated January 2008

*Nevada, Texas, Washington and Wyoming do not have corporate taxes levied at the state level.

Source: State Corporate Income Tax Rates Table , Federation of Tax Administrators , January 2008