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posted 2 years, 8 months ago
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New permanent corporate income tax rates

An additional permanent tax increase applies to auto insurance quotes corporate profits. The current 6.6 percent income tax rate will apply to profits up to $250,000 then increase to 7.9 percent for net income in excess of $250,000 for tax years beginning on or after Jan. 1, 2009, and before Jan. 1, 2011. The top rate falls slightly to 7.6 percent for tax years beginning on or after Jan. 1, 2011, and before Jan. 1, 2013. For tax years beginning on or after Jan. 1, 2013, the 7.6 percent rate applies to corporate income in excess of $10 million.

posted 3 years, 1 month ago
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