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
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