Document ID: EPA-HQ-OW-2002-0049-0235
Agency: epa
Document Type: Supporting & Related Material
Title: 
Posted Date: 2003-03-19T05:00Z

Record
for
the
Section
316(
b)
Phase
II
Existing
Facilities
Notice
of
Data
Availability
1
2
3
4
5
6
A
B
C
D
Date
Modified:
3/
10/
03
By:
Abt
Associates
Inc.

Data
Sources:
Federation
of
Tax
Admistrators
Description:
Compiles
Federal
and
State
income
tax
rates
Purpose:
Used
in
post­
tax
cost
analysis
March
10,
2003
1
of
6
dwcgi­
20798­
1049810800­
42991000.
xls
­
File
Info
Record
for
the
Section
316(
b)
Phase
II
Existing
Facilities
Notice
of
Data
Availability
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
A
B
C
D
E
F
G
H
I
J
K
L
M
N
from:
http://
www.
taxadmin.
org/
fta/
rate/
corp_
inc.
html
RANGE
OF
STATE
CORPORATE
INCOME
TAX
RATES
(
For
tax
year
2002
­­
as
of
January
1,
2002)

State
Tax
Rates
#
of
Brackets
Bank
Tax
Rates
Federal
Tax
Deductible
Rate
used
in
analysis
ALABAMA
6.5
1
6.5
*
AK
6.5%

ALASKA
1.0
­
9.4
10,000
90,000
10
1.0
­
9.4
AL
9.4%

ARIZONA
6.968
1
6.968
AZ
6.968%

ARKANSAS
1.0
­
6.5
3,000
100,000
6
1.0
­
6.5
AR
6.5%

CALIFORNIA
8.84
(
c)
1
10.84
(
c)
CA
8.84%

COLORADO
4.63
1
4.63
CO
4.63%

CONNECTICUT
7.5
(
d)
1
7.5
(
d)
CT
7.5%

DELAWARE
8.7
1
8.7­
1.7
(
e)
DE
8.7%

FLORIDA
5.5
(
f)
1
5.5
(
f)
FL
5.5%

GEORGIA
6
1
6
GA
6.0%

HAWAII
4.4
­
6.4
(
g)
25,000
100,000
3
7.92
(
g)
HI
6.4%

IDAHO
7.6
(
h)
1
7.6
(
h)
ID
7.6%

ILLINOIS
7.3
(
i)
1
7.3
(
i)
IL
7.3%

INDIANA
7.9
(
j)
1
8.5
IN
7.9%

IOWA
6.0
­
12.0
25,000
250,000
4
5
*
(
k)
IA
12.0%

KANSAS
4.0
(
l)
1
2.25
(
l)
KS
4.0%

KENTUCKY
4.0
­
8.25
25,000
250,000
5
­­­
(
a)
KY
8.25%

LOUISIANA
4.0
­
8.0
25,000
200,000
5
­­­
(
a)
*
LA
8.0%

MAINE
3.5
­
8.93
(
m)
25,000
250,000
4
1
ME
8.93%

MARYLAND
7
1
7
MD
7.0%

MASSACHUSETTS
9.5
(
n)
1
10.5
(
n)
MA
9.5%

MINNESOTA
9.8
(
o)
1
9.8
(
o)
MN
9.8%

MISSISSIPPI
3.0
­
5.0
5,000
10,000
3
3.0
­
5.0
MS
5.0%

MISSOURI
6.25
1
7
*
(
k)
MO
6.25%

MONTANA
6.75
(
p)
1
6.75
(
p)
MT
6.75%

NEBRASKA
5.58
­
7.81
50,000
2
­­­
(
a)
NE
7.81%

NEW
HAMPSHIRE
8.5
(
q)
1
8.5
(
q)
NH
8.5%

NEW
JERSEY
9.0
(
r)
1
9
(
r)
NJ
9.0%

NEW
MEXICO
4.8
­
7.6
500,000
1
million
3
4.8
­
7.6
NM
7.6%

NEW
YORK
7.5
(
s)
1
7.5
(
s)
NY
7.5%

NORTH
CAROLINA
6.9
(
t)
1
6.9
(
t)
NC
6.9%

NORTH
DAKOTA
3.0
­
10.5
3,000
50,000
6
7
(
b)
*
ND
10.5%

OHIO
5.1
­
8.5
(
u)
50,000
2
­­­
(
u)
OH
8.5%

OKLAHOMA
6
1
6
OK
6.0%

OREGON
6.6
(
b)
1
6.6
(
b)
OR
6.6%

PENNSYLVANIA
9.99
1
­­­
(
a)
PA
9.99%

RHODE
ISLAND
9.0
(
b)
1
9.0
(
v)
RI
9.0%

SOUTH
CAROLINA
5
1
4.5
(
w)
SC
5.0%

SOUTH
DAKOTA
­­­
6.0­
1.0%
(
b)
SD
0%

TENNESSEE
6
1
6
TN
6.0%

UTAH
5.0
(
b)
5.0
(
b)
UT
5.0%

VERMONT
7.0
­
9.75
(
b)
10,000
250,000
4
7.0
­
9.75
(
b)
VT
9.75%

VIRGINIA
6
1
6.0
(
x)
VA
6.0%

WEST
VIRGINIA
9
1
9
WV
9.0%

WISCONSIN
7.9
1
7.9
WI
7.9%

DIST.
OF
COLUMBIA
9.975
(
y)
9.975
(
y)
DC
9.45%

MI
1.9%

Source:
Compiled
by
FTA
from
various
sources
NV
0%

Note:
Michigan
imposes
a
single
business
tax
(
sometimes
described
as
a
business
activities
tax
or
value
added
tax)
of
1.9%
on
the
sum
of
federal
taxable
income
of
the
business,
compensation
paid
to
TX
4.5%

­­­­
Flat
Rate­­­­

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Rate­­­­

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Rate­­­­

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Flat
Rate­­­­

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Rate­­­­

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Rate­­­­

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Rate­­­­

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Rate­­­­

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Rate­­­­

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Rate­­­­

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Rate­­­­

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Rate­­­­

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Rate­­­­

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Rate­­­­

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Rate­­­­

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Rate­­­­

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Rate­­­­

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Rate­­­­

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Rate­­­­

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Rate­­­­

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Flat
Rate­­­­

Tax
Brackets
­­­­
Flat
Rate­­­­

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Rate­­­­

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Flat
Rate­­­­

March
10,
2003
2
of
6
dwcgi­
20798­
1049810800­
42991000.
xls
­
State
Corp
Rates
Record
for
the
Section
316(
b)
Phase
II
Existing
Facilities
Notice
of
Data
Availability
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
O
P
Q
R
S
T
U
V
W
X
Y
Z
AA
AB
AC
AD
AE
March
10,
2003
3
of
6
dwcgi­
20798­
1049810800­
42991000.
xls
­
State
Corp
Rates
Record
for
the
Section
316(
b)
Phase
II
Existing
Facilities
Notice
of
Data
Availability
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
A
B
C
D
E
F
G
H
I
J
K
L
M
N
(
a)
Rates
listed
include
the
corporate
tax
rate
applied
to
financial
institutions
or
excise
taxes
based
on
income.
Some
states
have
other
taxes
based
upon
the
value
of
deposits
or
shares.
WA
0%

(
b)
Minimum
tax
is
$
50
in
Arizona,
$
50
in
North
Dakota
(
banks),
$
10
in
Oregon,
$
250
in
Rhode
Island,
$
500
per
location
in
South
Dakota
(
banks),
$
100
in
Utah,
$
250
in
Vermont.
WY
0%

(
c)
Minimum
tax
is
$
800.
The
tax
rate
on
S­
Corporations
is
1.5%
(
3.5%
for
banks).

(
d)
Or
3.1
mills
per
dollar
of
capital
stock
and
surplus
(
maximum
tax
$
1
million)
or
$
250.

(
e)
The
marginal
rate
decreases
over
4
brackets
ranging
from
$
20
to
$
650
million
in
taxable
income.
Building
and
loan
associations
are
taxed
at
a
flat
8.7%.

(
f)
Or
3.3%
Alternative
Minimum
Tax.
An
exemption
of
$
5,000
is
allowed.

(
g)
Capital
gains
are
taxed
at
4%.
There
is
also
an
alternative
tax
of
0.5%
of
gross
annual
sales.

(
h)
Minimum
tax
is
$
20.
An
additional
tax
of
$
10
is
imposed
on
each
return.

(
i)
Includes
a
2.5%
personal
property
replacement
tax.

(
j)
Consists
of
3.4%
on
income
from
sources
within
the
state
plus
a
4.5%
supplemental
income
tax.

(
k)
Fifty
percent
of
the
federal
income
tax
is
deductible.

(
l)
Plus
a
surtax
of
3.35%
(
2.125%
for
banks)
taxable
income
in
excess
of
$
50,000
($
25,000).

(
m)
Or
a
27%
tax
on
Federal
Alternative
Minimum
Taxable
Income.

(
n)
Rate
includes
a
14%
surtax,
as
does
the
following:
an
additional
tax
of
$
7.00
per
$
1,000
on
taxable
tangible
property
(
or
net
worth
allocable
to
state,
for
intangible
property
corporations);
minimum
tax
of
$
456.

(
o)
Plus
a
5.8%
tax
on
any
Alternative
Minimum
Taxable
Income
over
the
base
tax.

(
p)
A
7%
tax
on
taxpayers
using
water's
edge
combination.
Minimum
tax
is
$
50.

(
q)
Plus
a
0.50
percent
tax
on
the
enterprise
base
(
total
compensation,
interest
and
dividends
paid).
Business
profits
tax
imposed
on
both
corporations
and
unincorporated
associations.

(
r)
The
rate
reported
in
the
table
is
the
business
franchise
tax
rate.
The
minimum
tax
is
$
200.
Corporations
not
subject
to
the
franchise
tax
are
subject
to
a
7.25%
income
tax.
Banks
other
than
savings
institutions
are
subject
to
the
franchise
tax.
S­
Corporation
are
subject
to
an
entity
level
(
s)
Or
1.78
(
0.1
for
banks)
mills
per
dollar
of
capital
(
up
to
$
350,000;
or
2.5%
of
the
minimum
taxable
income;
or
a
minimum
of
$
1,500
to
$
100
depending
on
payroll
size
($
250
for
banks);
if
any
of
these
is
greater
than
the
tax
computed
on
net
income.
An
addition
tax
of
0.9
mills
per
dollar
o
(
t)
Financial
institutions
are
also
subject
to
a
tax
equal
to
$
30
per
one
million
in
assets.

(
u)
Or
4.0
mills
time
the
value
of
the
taxpayer's
issued
and
outstanding
share
of
stock
with
a
maximum
payment
of
$
150,000.
An
additional
litter
tax
is
imposed
equal
to
0.11%
on
the
first
$
50,000
of
taxable
income,
0.22%
on
income
over
$
50,000;
or
0.14
mills
on
net
worth.

(
v)
For
banks,
the
alternative
tax
is
$
2.50
per
$
10,000
of
capital
stock
($
100
minimum).

(
w)
Savings
and
Loans
are
taxed
at
a
6%
rate.

(
x)
State
and
national
banks
subject
to
the
state's
franchise
tax
on
net
capital
is
exempt
from
the
income
tax.

(
y)
Minimum
tax
is
$
100.
Includes
surtax.
Effective
1/
1/
2003,
tax
rate
decreases
to
9.45%.

March
10,
2003
4
of
6
dwcgi­
20798­
1049810800­
42991000.
xls
­
State
Corp
Rates
Record
for
the
Section
316(
b)
Phase
II
Existing
Facilities
Notice
of
Data
Availability
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
O
P
Q
R
S
T
U
V
W
X
Y
Z
AA
AB
AC
AD
AE
el
tax
of
2.0%.
Corporations
with
net
income
under
$
100,000
are
taxed
at
7.5%.
For
S­
Corporation
having
$
100,000
or
less
in
net
income
for
a
12­
month
privilege
period,
the
rates
are
1.33%
and
0.5%,
respectively.
Regulated
investment
companies
are
subject
to
a
flat
tax
of
$
250.

r
of
subsidiary
capital
is
imposed
on
corporations.
Small
corporations
with
income
under
$
290,000
pay
a
7.5%
tax
on
all
income.

March
10,
2003
5
of
6
dwcgi­
20798­
1049810800­
42991000.
xls
­
State
Corp
Rates
Record
for
the
Section
316(
b)
Phase
II
Existing
Facilities
Notice
of
Data
Availability
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
A
B
C
D
E
F
G
Federal
Tax
Rate
obtained
from
www.
corporateservicecenter.
com/
Corp/
federal_
tax_
rates.
htm
(
2/
23/
2002)

Federal
Tax
Rate
35%

State
Corporate
Tax
Rates
obtained
from
www.
taxadmin.
org/
gra/
rate/
corp_
inc.
html
(
2/
23/
2002)

State
Corporate
Tax
Rates
Total
Tax
Rate
AK
6.5%
39%

AL
9.4%
41%

AR
6.5%
39%

AZ
6.968%
40%

CA
8.84%
41%

CO
4.63%
38%

CT
7.5%
40%

DC
9.45%
41%

DE
8.7%
41%

FL
5.5%
39%

GA
6.0%
39%

HI
6.4%
39%

IA
12.0%
43%

ID
7.6%
40%

IL
7.3%
40%

IN
7.9%
40%

KS
4.0%
38%

KY
8.25%
40%

LA
8.0%
40%

MA
9.5%
41%

MD
7.0%
40%

ME
8.93%
41%

MI
1.9%
36%

MN
9.8%
41%

MO
6.25%
39%

MS
5.0%
38%

MT
6.75%
39%

NC
6.9%
39%

ND
10.5%
42%

NE
7.81%
40%

NH
8.5%
41%

NJ
9.0%
41%

NM
7.6%
40%

NV
0%
35%

NY
7.5%
40%

OH
8.5%
41%

OK
6.0%
39%

OR
6.6%
39%

PA
9.99%
41%

RI
9.0%
41%

SC
5.0%
38%

SD
0%
35%

TN
6.0%
39%

TX
4.5%
38%

UT
5.0%
38%

VA
6.0%
39%

VT
9.75%
41%

WA
0%
35%

WI
7.9%
40%

WV
9.0%
41%

WY
0%
35%

March
10,
2003
6
of
6
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Rates