Does Your State Levy a Capital Stock Tax?

Capital stock taxes, sometimes referred to as franchise taxes, are levied in sixteen states. Not to be confused with corporate income taxes, which are levied on a business’s net income (or profit), capital stock taxes are imposed on a business’s net worth (or accumulated wealth). As such, businesses must pay a capital stock tax regardless of whether they make a profit in a given year. In addition, capital stock taxes are not always limited to C corporations; states have different laws regarding the types of businesses that are subject to a capital stock tax. Stay Informed on Tax Policy in Your State Select StateAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode…

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