State Corporate Tax Rates 2026
Highest top rate first, as of April 2, 2026.
| State | Top rate | Good to know |
|---|---|---|
| New Jersey | 11.50% | Graduated from 6.50% to 11.50%. |
| Minnesota | 9.80% | |
| Illinois | 9.50% | Combines a 7% tax and a 2.5% tax. |
| Alaska | 9.40% | Graduated from 0% to 9.40%. |
| Maine | 8.93% | Graduated from 3.50% to 8.93%. |
| California | 8.84% | |
| Delaware | 8.70% | Also has a gross receipts tax. |
| Vermont | 8.50% | Graduated from 6.00% to 8.50%. |
| Connecticut | 8.25% | 7.50% up to $100 million of income. A 10% surtax applies in some cases. |
| District of Columbia | 8.25% | |
| Maryland | 8.25% | |
| Massachusetts | 8.00% | |
| Wisconsin | 7.90% | |
| Oregon | 7.60% | 6.60% up to $1 million of income. Also has a gross receipts tax. |
| New Hampshire | 7.50% | |
| Pennsylvania | 7.49% | Local gross receipts taxes may apply. |
| New York | 7.25% | 6.50% up to $5 million of income. |
| Iowa | 7.10% | 5.50% up to $100,000 of income. |
| Kansas | 7.00% | 4.00% up to $50,000 of income. |
| Rhode Island | 7.00% | |
| Montana | 6.75% | |
| Alabama | 6.50% | |
| Tennessee | 6.50% | Also has a gross receipts tax. |
| West Virginia | 6.50% | Local gross receipts taxes may apply. |
| Hawaii | 6.40% | Graduated from 4.40% to 6.40%. |
| Michigan | 6.00% | |
| Virginia | 6.00% | Local gross receipts taxes may apply. |
| New Mexico | 5.90% | |
| Florida | 5.50% | Applies above $50,000 of income. |
| Louisiana | 5.50% | |
| Idaho | 5.30% | |
| Georgia | 5.19% | |
| Kentucky | 5.00% | |
| Mississippi | 5.00% | Graduated from 4.00% to 5.00%. |
| South Carolina | 5.00% | |
| Arizona | 4.90% | |
| Indiana | 4.90% | |
| Nebraska | 4.55% | |
| Utah | 4.50% | |
| Colorado | 4.40% | The rate may be reduced midyear, subject to revenue. |
| North Dakota | 4.31% | Graduated from 1.41% to 4.31%. |
| Arkansas | 4.30% | Graduated from 1% to 4.30%. |
| Missouri | 4.00% | |
| Oklahoma | 4.00% | |
| North Carolina | 2.00% | |
| Nevada | None | No corporate income tax, but a gross receipts tax applies. |
| Ohio | None | No corporate income tax, but a gross receipts tax applies. |
| South Dakota | None | No corporate income tax or gross receipts tax. |
| Texas | None | No corporate income tax, but a gross receipts tax applies. |
| Washington | None | No corporate income tax, but a gross receipts tax applies. |
| Wyoming | None | No corporate income tax or gross receipts tax. |
Source: Tax Foundation.