CORPORATE TAX RATES
TBL-1007 Corporate Income Tax Rates
Taxable Years Beginning After Dec. 31, ’92
If taxable income is: | The tax is: |
---|---|
Not over $50,000 | 15% of taxable income |
Over $50,000 but not over $75,000 | $7,500 plus 25% of the amount over $50,000 |
Over $75,000 but not over $100,000 | $13,750 plus 34% of the amount over $75,000 |
Over $100,000 but not over $335,000 | $22,250 plus 39% of the amount over $100,000 |
Over $335,000 but not over $10,000,000 | $113,900 plus 34% of the amount over $335,000 |
Over $10,000,000 but not over $15,000,000 | $3,400,000 plus 35% of the amount over $10,000,000 |
Over $15,000,000 but not over $18,333,333 | $5,150,000 plus 38% of the amount over $15,000,000 |
Over $18,333,333 | 35% of taxable income |
Qualified personal service corporations are taxed at a flat 35% tax rate.