Florida State Corporate Income Tax Rate 2024. Florida reduced its corporate income tax rate to 3.535 percent in 2021, but it could snap back to 5.5 percent in 2022. New hampshire’s business profits tax (the state’s version of a corporate income tax) rate was lowered from 7.6 to 7.5 percent beginning in 2023 due to the enactment of hb 1221 in june.
Vice president kamala harris’s proposal to raise the federal corporate income taxa corporate income tax (cit) is levied by federal and state governments on business profits. Florida corporate income tax adoption of 2023 internal.