Taxes
Tax |
Iowa |
Nebraska |
South Dakota |
Corp. Income Tax Rates |
5.5% > 0 8.4% > $100,000 |
5.58% > $0 7.25% > $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 2023 |
NEBRASKA TAX RATEĀ 2023 |
SOUTH DAKOTA TAX RATE |
4.40% > 0 | 2.46% > 0 | None |
4.82% > $6,000 | 3.51% > $6,290 | |
5.70% >$30,000 | 5.01% > $37,760 | |
6.0% > $75,000 | 6.84% on all over $60,480 | |