How many Corporation Income Tax Rates does New Jersey State have for Tax Year 2008?
For the Tax Year 2008, New Jersey State imposes a corporation franchise tax rate on Banking and financial corporations with a flat tax rate of 9.0%.
New Jersey has 2 additional tax rates for regular Corporations that are neither Banking or Financial Corporations.
For New Jersey Corporations with net income below $50,000 are taxed at 6.5%.
But, New Jersey Corporations with net income greater than $50,000 but under $100,000 are taxed at 7.5%.
But, "New Jersey State imposes a minimum Corporation tax of $500."