Drake Tax - 1120: States with Franchise Tax

Article #: 14929

Last Updated: October 21, 2024

 


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What states levy franchise tax on corporations operating in those states?

Many states have a corporate income tax on the state level, however, in the following states, corporations may also be subject to franchise tax. For more details about each state's franchise tax requirements and rates, see the state DOR website. Be sure to check for additional requirements for each state in which a corporation must file.