Taxes

Tax

Iowa

Nebraska

South Dakota

Corp. Income Tax Rates

6% > 0
8% > $25,000
10%> $100,000
12%> $250,000
5.58% > $0
7.81% > $100,000
None

Federal Income Taxes Deductible on State Forms

Yes, 50% No N/A

Apportionment Formula Used to Determine % Total Business Income Attributed to the Taxing State

Sales 100%
(on profits from sales in state only)
Sales 100%
(on profits from sales in state only)
N/A

Tax Incentive for Job Creation

Yes Yes N/A

R&D Tax Credits

Yes Yes N/A

Investment Tax Credits

Yes Yes N/A

Sales/Use Tax on
Industrial Machinery & Equipment

No No 4% rate

Inventory Tax on Goods in Transit

No No No

Tax on Manufacturers’ Inventories

No No No

 

Personal Income Tax

IOWA TAX RATE 2015

NEBRASKA TAX RATEĀ  2015

SOUTH DAKOTA TAX RATE

.36% > 0 2.46% > 0 None
.72% > $1,539 3.51% > $6,090
2.43% > $3,078 5.01% > $36,570
4.5% > $6,156 6.84% on all over $58,920
6.12% > $13,851
6.48% > $23,085
6.8% > $30,780
7.92% > $46,170
8.98% on all over $69,255
Note: Federal Income Tax is deductible