IOW LEG 2025 Corporate Income Tax
On Nov. 13, IOW LEG certified corporate income tax rates for 2025.
- IOW LEG Revenue Department issued Order 2024-01, certifying corporate tax rates.
- Follows enactment of HF 2317 on reductions for tax rates if conditions met, #130469.
- Income Tax Rate
- Net corporate income tax receipts for fiscal year 2024 were $661,085,765.72.
- Statutory threshold for recalculating the corporate income tax rates has not been met.
- Tax rates for 2025 will remain the same as for tax years beginning in 2024, #188462.
- Provided chart with income tax rates for tax years beginning on or after Jan. 1, 2025.
- Effectiveness
- Corporate income tax rates apply for tax years beginning on or after Jan. 1, 2025.
| Regulators |
IOW LEG
|
| Entity Types |
Corp |
| Reference |
IOW SR Vol. XLVII No. 10 p. 5263, 11/13/2024; |
| Functions |
Compliance; Financial; Legal; Tax |
| Countries |
United States of America |
| Category |
|
| State |
|
| Products |
Corporate |
| Regions |
Am |
| Rule Type |
Final |
| Rule Date |
11/13/2024 |
| Effective Date |
1/1/2025 |
| Rule Id |
233522 |
| Linked to |
Rule :188462
|
| Reg. Last Update |
11/13/2024 |
| Report Section |
US Consumer |
Last substantive update on 11/18/2024
