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Tax
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Iowa
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Nebraska
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South Dakota
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Corp. Income Tax Rates
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First $25,000
- 6%
Over $25,000 - 8% |
First $50,000
- 5.58%
Over $50,000 - 7.81% |
None
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Federal Income Taxes Deductible
on State Forms
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Yes, 50%
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No
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N/A
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Apportionment Formula Used
to Determine % Total Business Income Attributed
to the Taxing State
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Sales 100%
(on profits from sales in state only)
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Sales 100%
(on profits from sales in state only)
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N/A
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Tax Incentive for Job Creation
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Yes
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Yes
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N/A
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R&D Tax Credits
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Yes
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No
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N/A
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Investment Tax Credits
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Yes
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Yes
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N/A
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Sales/Use Tax on Industrial
Machinery & Equipment
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No
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No
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4% rate
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Inventory Tax on Goods in
Transit
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No
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No
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No
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Tax on Manufacturers' Inventories
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No
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No
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No
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IOWA TAX RATE – 2006
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NEBRASKA TAX RATE – 2006
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SOUTH DAKOTA TAX RATE
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| .36% > 0 |
2.56% > 0 |
None |
| .72% > $1300 |
3.57% > $2,400 |
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| 2.43% > $2600 |
5.12% > $17,500 |
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| 4.5% > $5200 |
6.84% on all over $27,000 |
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| 6.12% > $11,700 |
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| 6.48% > $19,500 |
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| 6.8% > $26,000 |
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| 7.92% > $39,000 |
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| 8.98% on all over $58,500 |
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| Note: Federal Income Tax
is deductible |
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