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About the Midwest: Business Climate

Corporate Taxes

National average: 7.1 percent

Alliant Energy service territory

Rank

State

Percent of total

6

Iowa

5.0 percent

19

Wisconsin

6.4 percent

22

Minnesota

6.7 percent


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State-by-state rankings

Rank

State

Percent of total

1

Hawaii

2.0 percent

2

Vermont

3.3 percent

3

Missouri

3.6 percent

3

South Carolina

3.6 percent

5

Arkansas

4.9 percent

6

Iowa

5.0 percent

7

Maine

5.1 percent

8

Colorado

5.2 percent

8

Maryland

5.2 percent

8

Nebraska

5.2 percent

8

Oregon

5.2 percent

12

Idaho

5.3 percent

12

Ohio

5.3 percent

14

Georgia

5.5 percent

15

Alabama

5.7 percent

16

Mississippi

5.8 percent

17

South Dakota

6.1 percent

18

Oklahoma

6.3 percent

19

Connecticut

6.4 percent

19

Wisconsin

6.4 percent

21

Rhode Island

6.5 percent

22

Minnesota

6.7 percent

23

Florida

6.8 percent

23

Utah

6.8 percent

23

Virginia

6.8 percent

26

Louisiana

6.9 percent

26

North Carolina

6.9 percent

28

Indiana

7.0 percent

29

Pennsylvania

7.4 percent

30

Michigan

7.5 percent

31

Kansas

7.7 percent

31

Montana

7.7 percent

31

North Dakota

7.7 percent

34

Arizona

8.0 percent

35

New Mexico

8.2 percent

36

New York

8.6 percent

37

California

9.7 percent

38

Illinois

9.9 percent

38

New Jersey

9.9 percent

38

Tennessee

9.9 percent

41

Kentucky

10.0 percent

42

Massachusetts

10.2 percent

43

Delaware

10.4 percent

44

West Virginia

11.6 percent

45

Alaska

23.6 percent

46

New Hampshire

27.4 percent

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

Source: Federation of Tax Administrators, 2007

 

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