Corporate Income Tax
States collect taxes on income earned by a corporation operating in that state. The corporate tax varies from state to state. Many states have low corporate tax rates to encourage business, although tax revenue is subsequently decreased.
Didn't find what you were looking for?
Why not try our free 'Ask a Legal Question' service, which will help you to refine a specific query, then get an instant and detailed answer on almost any legal topic. Just click here to give it a try.