Corporate Tax Rate 2024 Usa Today. For tax years beginning after 2022, the inflation reduction act of 2022 amended section 55 of the internal revenue code to impose a new corporate alternative minimum tax (camt) based on. Vice president kamala harris is proposing to increase the corporate tax rate to 28% from 21% if she wins a november election against republican rival donald trump, her.
For the 2024 tax year, six states are making changes to the top marginal rate for corporate income tax. The creation of the federal corporate income tax occurred in 1909, when the uniform rate was 1% for all business income above $5,000.