Public Policy Institute of New York State, Inc.

Just the Facts - Key Economic and Social Indicators for New York State

State Corporate Income Taxes Per Capita, 1999

Table 22
Rank State Amt.   Rank State Amt.
1 Alaska $342   27 Florida $84
2 Delaware 309   28 Vermont 84
3 Michigan 240   29 Arkansas 83
4 New Hampshire 213   30 Mississippi 83
5 Massachusetts 202   31 Iowa 82
6 Illinois 173   32 Nebraska 81
7 Indiana 167   33 Kentucky 79
8 California 165   34 Maryland 78
9 New Jersey 164   35 Idaho 77
10 Minnesota 163   36 Colorado 74
11 NEW YORK $159   37 South Dakota 69
12 North Dakota 148   38 Ohio 67
13 West Virginia 146   39 Rhode Island 67
14 Connecticut 145   40 Louisiana 65
15 Pennsylvania 128   41 South Carolina 60
16 Wisconsin 128   42 Virginia 60
17 North Carolina 120   43 Oklahoma 56
18 Maine 118   44 Alabama 53
19 Arizona 114   45 Missouri 51
20 Tennessee 104   46 Hawaii 44
21 Georgia 102   47 Nevada 0
22 Montana 102   48 Texas 0
23 Oregon 98   49 Washington 0
24 Kansas 96   50 Wyoming 0
25 New Mexico 94   U.S. average $113
26 Utah 85   N.Y.S. % above avg. 40.7%
Source: U.S. Census Bureau http://www.census.gov/govs/statetax/99tax.txt
New York State's corporate tax rate is being reduced from 9% to 7.5%, with full implementation for most companies in 2002.