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 |
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 2019 |
NEBRASKA TAX RATE 2019 |
SOUTH DAKOTA TAX RATE |
| .33% > 0 | 2.46% > 0 | None |
| .67% > $1,638 | 3.51% > $6,290 | |
| 2.25% > $3,276 | 5.01% > $37,760 | |
| 4.14% > $6,552 | 6.84% on all over $60,480 | |
| 5.63% > $14,742 | ||
| 5.96% > $24,570 | ||
| 6.25% > $32,760 | ||
| 7.44% > $49,140 | ||
| 8.53% on all over $73,710 | ||
| Note: Federal Income Tax is deductible | ||