by Think Currituck, on 2/28/19 8:49 AM
by Think Currituck, on 2/28/19 8:49 AM
The Tax Foundation has released its rankings of State Corporate Income Tax Rates and Brackets for 2019.
Of the 44 states that levy a corporate income tax, North Carolina boasts the lowest rate at only 2.5% (down from 3% in 2018).
The highest rate (12%) is paid by companies in Iowa.
The NC corporate tax rate has been on a steady decline after a major overhaul of business and individual income taxes in 2013.
The Tax Foundation is a non-partisan, independent tax policy research organization.
READ the full Tax Foundation breakdown
DOWNLOAD the PDF of State Corporate Income Tax Rates and Brackets for 2019
Keep up with business news and events happening in Currituck County, North Carolina and the Hampton Roads region.