Taxes
| 2023 TAXES | IOWA | NEBRASKA | SOUTH DAKOTA |
|---|---|---|---|
| Corporate Income Taxes | 5.5% > $0 8.4% > $100,000 | 5.58% > $0 7.25% > $100,000 | None |
| Federal Income Taxes Deductible on State Forms | Yes, 50% | No | N/A |
| Apportionment Formula Used to Determine % Total Business Income Attributed to the Taxing State | Sales 100% (on profits from sales in state only) | Sales 100% (on profits from sales in state only) | N/A |
| Tax Incentive for Job Creation | Yes | Yes | N/A |
| R&D Tax Credits | Yes | Yes | N/A |
| Investment Tax Credits | Yes | Yes | N/A |
| Sales/Use Tax on Industrial Machinery & Equipment | No | No | 4.2% Rate |
| Inventory Tax on Goods in Transit | No | No | No |
| Tax on Manufacturers’ Inventories | No | No | No |
| Â Personal Income Tax | ||
|---|---|---|
| IOWA | NEBRASKA | SOUTH DAKOTA |
| 4.4% > 0 4.82% > $6,000 5.70% > $30,000 6.0% > $75,000 | 2.46% > 0 3.51% > $3,700 5.01% > $22,170 6.64% > $35,730 | None |