Full state-by-state comparison charts and detailed information about corporate tax, personal income tax, sales tax, deductions, exemptions, and state forms.
Georgia Offset up to 100% Corporate Income Tax, 100% Personal Income Tax Illinois Offset up to 100% Corporate Income Tax, 100% Personal Income Tax Massachusetts May offset almost 100% of taxpayer’s MA corporate income tax liability (The credit may not reduce the tax total less than the ...
In 2022, an ongoing lawsuit from Fulton County residents that alleged the statewide elections dilute the power of Black voters, and that the elections should instead be done district wide as each Georgia PSC official represents a district in Georgia. A fe...
The State of Georgia’s net tax collections in September totaled roughly $2.25 billion for an increase of $15.7 million, or 0.7 percent, compared to last year when net tax collections totaled $2.23 billion. Year-to-date, net tax revenue collections totaled $5.83 billion for an increase of $...
We employ a survey of state tax administrators, individual tax returns from Georgia and Utah, and panel data to explore the importance of tax policy, tax planning, and economic factors on the trend in state corporate taxes. We find that corporate tax planning and economic factors account for ...
Not just individual taxpayers, but businesses, too, pay income tax on their earnings. Corporate income tax rates differ from state to state and can have a significant effect on where businesses choose to set up shop. These taxes play a part in the overall ecosystem of a state's economy. ...
The General Assembly also passed HB 1058, which allows affiliated groups to elect to file a consolidated return for Georgia corporate income tax purposes. Current law only allows taxpayers to file on a consolidated basis if the Department of Revenue grants them permission to do so. ...
Alaska No state income tax Arizona No direct e-file Arkansas No direct e-file California CalFile Colorado Revenue Online Connecticut myconneCT Delaware Delaware Taxpayer Portal District Of Columbia MyTax DC Florida No state income tax Georgia No direct e-file Hawaii Hawaii Tax Online Idaho No dire...
Georgia’s corporate income tax is currently capped at 6%, which ties the legislature’s hands when it comes to economic emergencies or funding badly needed public projects. Let’s let the General Assembly do its job and set corporate rates where they need to be in any given year. ...
The Multistate Tax alert archive includes external tax alerts issued by Deloitte Tax LLP's Multistate Tax practice during the last three years.