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Iowa has no franchise tax and no tax on corporate shares, but with corporate
income tax as high as 12% for over $250,000 it has one of the highest rates
in the country. View the details of Iowa's corporate income
tax structure. It ranks 45 on both the Tax Foundation's Corporate Tax
Ranking and the Personal Income Tax Ranking. Nevada is a better state in
which to incorporate your business since it has no corporate income tax,
no franchise tax, gift tax or unitary tax, and there is no personal income
tax in Nevada. The data below show the differences between incorporating
in Iowa vs. Nevada:
| |
Nevada |
Iowa |
|
State Corporate Income Tax ? |
None |
Various |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
45 |
Personal Income Tax ? |
None |
0.36% - 8.98% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
45 |
Franchise Tax ? |
|
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Tax on corp shares ? |
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Gift Tax ? |
|
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Unitary Tax ? |
|
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Estate Tax ? |
|
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Statutory Indemnification of Officers, Directors & Employees ? |
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Charging Order Protection for Corporation ? |
|
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Charging Order is Creditor's Sole Remedy for LLC or Corporation ? |
|
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Highest Standard of Corporate Veil Protection ? |
|
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Series LLC Allowed ? |
|
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Business Court* |
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Glossary of terms
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