State-Level Corporate Tax Changes
States Working Hard to Lure Business Investment
Though the U.S. federal corporate tax rate is holding steady at 35%, states are proactively modifying their tax structures to promote local business activity. Beyond doling out specific incentives packages, local governments are reworking regulations to attract corporate investment, jobs, and new tax revenue.
The infographic below provides a quick snapshot of the latest state-level corporate tax changes taking effect in 2015 – from income tax rate reductions to amended apportionment factors – and what's on the horizon for 2016 and beyond.