Compliance · compared across 51 jurisdictions
States with a franchise or capital-stock tax
17 of 51: Alabama, Arkansas, California, Connecticut, Delaware, Georgia, Illinois, Kentucky, Massachusetts, Mississippi, New Mexico, New York, North Carolina, South Carolina, Tennessee, Texas and Wyoming. Every other state: no franchise tax. Each row below links to the state’s compliance guide, where the figure is sourced to the agency.
- Franchise tax
- 17
- Not
- 34
- Checked
- October 13, 2026
Franchise or capital-stock tax · 17
| State | Corporate tax | Annual report |
|---|---|---|
| ALAlabama | 6.5% (federal tax deductible) | With Form CPT; $10 SOS fee |
| ARArkansas | 1%–4.3% graduated | Franchise tax report, May 1 |
| CACalifornia | 8.84%, $800 minimum | Statement of Information, yearly, $25 |
| CTConnecticut | 7.5% (+10% surtax for some) | $435, in the anniversary month |
| DEDelaware | 8.7% flat | Mar 1 — $50 fee + franchise tax ($175 min) |
| GAGeorgia | 4.99% flat (2026) | Jan 1–Apr 1, $60 |
| ILIllinois | 7% + 2.5% replacement tax | Before anniversary month; $75 + franchise tax |
| KYKentucky | 5% + LLET ($175 minimum) | Jan 1–Jun 30, $15 |
| MAMassachusetts | 8% + $2.60/$1,000; $456 minimum | $125 ($100 online), 2½ months after year end |
| MSMississippi | 0% / 4% / 5% (over $10,000) | $25 (foreign corporation) |
| NMNew Mexico | 5.9% flat + $50 franchise tax | Biennial report — $25 |
| NYNew York | 6.5% (7.25% over $5M) + NYC 8.85% | Biennial statement, $9 every two years |
| NCNorth Carolina | 2.00% (2026) | Apr 15, $18 online ($25 paper) |
| SCSouth Carolina | 5% | With SC1120, Apr 15; license fee min $25 |
| TNTennessee | 6.5% excise + 0.25% franchise | 1st day of 4th month (Apr 1) |
| TXTexas | Franchise tax 0.75% of margin | May 15 — Public Information Report, no fee |
| WYWyoming | None | Anniversary month; license tax from $60 |
No franchise tax · 34
- AKAlaska
- AZArizona
- COColorado
- DCDistrict of Columbia
- FLFlorida
- HIHawaii
- IDIdaho
- INIndiana
- IAIowa
- KSKansas
- LALouisiana
- MEMaine
- MDMaryland
- MIMichigan
- MNMinnesota
- MOMissouri
- MTMontana
- NENebraska
- NVNevada
- NHNew Hampshire
- NJNew Jersey
- NDNorth Dakota
- OHOhio
- OKOklahoma
- OROregon
- PAPennsylvania
- RIRhode Island
- SDSouth Dakota
- UTUtah
- VTVermont
- VAVirginia
- WAWashington
- WVWest Virginia
- WIWisconsin
Compare the states another way.
- Federal baselineFederal complianceThe federal compliance calendar is short but unforgiving: Form 1120 and its extension, estimated tax once there is a profit, 83(b) elections, Form 3921 and Form D around equity events, and Form 5472 if the owners are foreign. BOI reporting no longer applies to US companies.
- PayrollStates with no state income tax on wages9 of 51 — no state income tax on wages.
- PayrollStates with a paid leave or disability payroll program16 of 51 — state paid leave or disability program.
- PayrollStates with city, county or district payroll taxes14 of 51 — city, county or district taxes on wages.
- ReceivablesWhich states tax SaaS26 of 51 — SaaS taxable, at least in part.
- AccountingStates with no corporate income tax6 of 51 — gross receipts tax or none.
Or see every headline figure for every state in one table on the state guides index.
General information for US companies, not tax, legal or accounting advice for yours. Rules and thresholds change; confirm the specifics with a CPA or the agency before you act on them.