FIRE vs Operator Liquidity
Public tax and entity records can identify rules, classifications, periods, and filing duties. They do not measure the private cash variables that determine operator liquidity.
/* Not legal advice. This page is research, not compliance guidance. */ /* */
Public tax and entity rules do not measure operator liquidity
Public tax and entity records can establish rules, classifications, effective periods, and filing duties, but they do not establish available cash or financial independence.
FIRE and operator liquidity are different evidence questions. The public records bound to this page describe entity-level tax rules. They can show that a named rule exists, how the cited cell describes its treatment, when that statement applies, and whether the cell states a filing duty. They cannot show the contents of a bank account or convert a public filing into a private financial statement.
The distinction matters because an operator may have several entities, classifications, elections, and state obligations while the underlying cash questions remain unmeasured. Bank balances, receivables, distributable cash, debt service, owner draws, runway, liquidity, and retirement readiness are outside the cited records. The absence of those variables is an evidence boundary, not a negative conclusion about the operator or the business.
Use the matrix as a rule-constrained calendar map. Start with the exact state row, keep the entity and variant attached, read the effective-period and filing fields at their own scope, and preserve every unknown.
State holding-entity rules: affected business entity tax through business enterprise tax
Each table below establishes only the named state, LLC rule variant, and cited field; it does not establish available cash.
These rows begin the state constraint map. Read the values across the complete row: the tax-regime label identifies the rule family, treatment describes the cited application, filing rule states the cited duty, effective period supplies the cell's timing boundary, base-tax locator points back to the underlying rule, and does-not-reach preserves the explicit limit. None of those fields is a bank record. A filing statement does not show that money is currently available, that an invoice has been collected, or that a distribution can be made. A value for one state or rule variant cannot be carried into another row. A source field that is unknown shows Unknown with the explanation printed beside it rather than a substituted value.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Idaho | An electing partnership or S corporation transacting business in Idaho pays entity-level tax on its Idaho-source affected-business-entity income.source | The complete ABE-tax section states no holding or passive-entity exemption or different treatment.source | An ABE pays by the fifteenth day of the fourth month after the taxable year closes; a separate election is required each year.source | A partnership or S corporation may make a separate ABE election for any taxable year.source | Section 63-3026B(3) locates the Idaho-source base, chapter modifications, and corporate-rate cross-reference; no amount is transcribed here.source | The stated interest/dividend allocation reaches Idaho-commercial-domicile income unless apportionable; §63-3026B separately excludes an exempt member's apportioned share.source |
| Missouri | Missouri imposes the SALT Parity Act tax on each electing affected partnership or S corporation doing business in the state.source | The ABE base uses holding-receipt source allocation and removes another ABE's distributive Missouri net income, or adds its distributive Missouri net loss.source | An ABE files an affected-business-entity tax return for each subject year, and a separate prescribed election is required for every tax year.source | The affected-business-entity tax applies only to tax years ending on or after December 31, 2022.source | The partnership and S-corporation ABE bases and rate reference are located at § 143.436.3-.4.source | The nested-entity adjustment is limited to an interest in another electing ABE; publicly traded partnerships and non-partnership/non-S classifications are outside that stated route.source |
Source: 2 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Delaware | A corporation operating as an affiliated finance company must hold an annual license and pay a tax set by a capital-base table; an LLC is a corporation for this only if federally classified as one.source | An affiliated finance company pays a license tax measured by its capital base and, while taxed under Chapter 63, is exempt from Part III occupational license taxes (30 Del. C. § 6305).source | The license is issued for each calendar year on payment of the tax, which is due in one installment by April 30 or on commencing operations, based on certified financial statements.source | The license requirement applies to carrying on business as an affiliated finance company after May 1, 1981 (30 Del. C. § 6302).source | The tax table is in 30 Del. C. § 6303(a), and the capital base it is measured by is defined in § 6303(b).source | The treatment reaches only corporations whose Delaware activity is substantially all affiliate financing, and the § 6305 exemption is stated only for Part III occupational license taxes.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Montana | The alternative corporate income tax reaches every corporation outside part 1 that is taxable under an income tax and has Montana-source net income.source | A qualifying regulated investment company remains within the corporate regime but receives the stated dividends-paid deduction with express exclusions.source | A corporation files an accurate net-income return for each tax period under the stated calendar- or fiscal-year due-date rule.source | The alternative corporate income tax applies to taxable years beginning after December 31, 1970.source | The alternative-tax rate and source rules are in §15-31-403; §15-31-406 incorporates the corporate income and deduction provisions.source | The RIC deduction excludes dividends attributable to income not taxed when earned and disallows a dividends-received deduction; the NOL deduction is also unavailable.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Arkansas | Unless exempted under § 26-54-105, every entity within the chapter's corporation definition files an annual report and pays annual franchise tax.source | An LLC is taxed under the universal annual-franchise-tax rule and pays the minimum franchise tax; no separate holding-company treatment was located.source | LLCs may file through the Secretary of State website or on paper, and all companies must comply with the May 1 due date.source | The current form is the 2026 annual LLC franchise-tax report and states a May 1, 2026 due date.source | The LLC minimum-franchise-tax rule is located at Ark. Code Ann. § 26-54-104(8).source | The current LLC report identifies only nonprofit/federally income-tax-exempt corporations and Uniform Partnership or Limited Partnership Act organizations as exempt.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Rhode Island | A Rhode Island LLC not treated as a corporation federally must pay the annual charge described in §7-16-67(c)(2).source | Rhode Island's annual charge reaches every LLC not taxed as a corporation, with no holding or passive-activity exception in the LLC Act.source | The LLC return is due when its federal return is due, without regard to extension (§7-16-67(b)).source | The current LLC return rule applies for tax years on or after January 1, 2016 (§7-16-67(b)).source | The annual-charge base is located in §7-16-67(c)(2), which cross-references the corporate minimum in §44-11-2(e); no amount is transcribed here.source | Unknown Verified absenceThe checked source text does not state the row-specific detail needed for this value. Each row's own reason is the line under its Unknown badge.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| New York | Section 658(c)(3) requires every subchapter K LLC and every federally disregarded LLC, plus specified partnerships with New York-source income, to pay an annual filing fee.source | The provision reaches every subchapter K LLC and every disregarded LLC and states a filing fee even for a disregarded LLC; no holding-activity carve-out is stated.source | The filing-fee payment is due by the fifteenth day of the third month following the close of the taxable year.source | The provision states that the current minimum and disregarded-LLC filing fee apply for taxable years beginning in 2008 and thereafter.source | The LLC filing-fee measure and schedule are located in N.Y. Tax Law §658(c)(3)(A)-(B).source | The under-one-million-dollar exemption stated in §658(c)(3)(B) is limited to partnerships other than limited liability partnerships and foreign limited liability partnerships; the same paragraph states an LLC minimum fee.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Wyoming | Every Wyoming LLC and every foreign LLC with a certificate of authority pays the Secretary of State an annual license fee with its annual report, based on capital, property and assets reported.source | The fee section reaches every domestic and authorized foreign LLC with no holding or passive-entity carve-out; its stated modifications cover interstate carriers, mine valuation and assessed value only.source | Every domestic LLC and authorized foreign LLC files an annual certification of capital, property and assets located and employed in Wyoming by the first day of its organization month.source | W.S. 17-29-1103 applies the LLC Act, which holds the fee, to domestic LLCs existing on July 1, 2010; the SoS fee schedule stating the license tax is effective July 1, 2026; no sunset text was located.source | The license fee's base and rate are set in W.S. 17-29-209(a); W.S. 17-29-210(a)(iii) provides for the annual fee accompanying the annual report.source | No holding or passive-entity carve-out from the LLC annual license fee was located, so no limits of such a carve-out are stated.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Washington | Business and occupation (B&O) tax, chapter 82.04 RCW: levied on every person with substantial nexus for the act or privilege of engaging in business activities, measured by value of products, gross proceeds or gross income.source | Gross income includes dividends, interest and trading gains, but a parent may deduct dividends or distributions from the capital account from its subsidiary entities, and listed persons such as CIVs may deduct investment income.source | General return rule for chapter 82.04 taxes: due monthly within 25 days unless DOR sets a longer period (annual returns by April 15); DOR may relieve persons under $125,000 of B&O gross income ($250,000 from Jan. 1, 2029).source | The current RCW 82.04.4281 text (2025 c 420 s 402) took effect January 1, 2026. RCW 82.04.650 (2010 1st sp.s. c 23 s 111) took effect June 1, 2010, subject to that act's contingency clause.source | Rate sections: RCW 82.04.290(2)(a), service and other activities, the classification the 2025 legislative finding names for nondeductible investment income, and RCW 82.04.2907(1) for royalties.source | Not deductible under (1)(a) or (3): loan and credit income other than the (1)(c) item, and amounts received by banking, lending or security businesses; (1)(a) requires investment income under 5%; (4) lists CIV exclusions.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Rhode Island | A federally corporate LLC pays the chapter 44 business corporation tax; §44-11-2(a) imposes tax on corporate net income.source | Section 44-11-2 changes the computation for a qualifying securities holder and named investment vehicles, while subsection (e) retains a minimum tax.source | The LLC return is due when its federal return is due, without regard to extension (§7-16-67(b)).source | The current net-income rate clause applies for tax years beginning on or after January 1, 2015 (§44-11-2(a)).source | The business-corporation tax bases and minimum are located in §44-11-2(a), (c), and (e); no amount is transcribed here.source | The 90%-receipts adjustment excludes broker, underwriter, and distributor activity; the separate intangible-investment exception is worded only for qualifying corporations.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| New Hampshire | New Hampshire taxes the enterprise value tax base (compensation, interest and dividends paid) of every business enterprise, including an LLC, at 0.55 percent for periods ending on/after December 31, 2022.source | An LLC that qualifies as a 'qualified investment company' is excluded from BET at the entity level; an LLC that does not so qualify is taxed as any other business enterprise.source | A business enterprise with gross receipts or an enterprise value tax base over $250,000 (DRA-adjusted to $298,000 for periods beginning on/after 2025-01-01) must file a BET return.source | The current 0.55 percent BET rate applies to taxable periods ending on or after December 31, 2022; no sunset date is stated.source | The Business Enterprise Tax rate and base are set by RSA 77-E:2 and RSA 77-E:1, IX and XV; no amount is given here.source | The qualified-investment-company exclusion is limited to activities consistent with the company's investment purpose; its 3(c)(7)-based alternative is available only to issuers owned by qualified-purchaser-type investors.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
State holding-entity rules: business privilege tax through corporate income franchise tax
These state cells report the cited rule and its boundaries, not a business owner's liquidity or readiness for financial independence.
This part of the matrix continues the same six-field reading order without merging similarly named taxes. A business privilege tax, corporate activity tax, corporate excise, and corporate franchise tax remain separate variants because their cited treatment, filing rule, timing, locator, and boundary may differ. Similar words in a rule name are not authority to combine rows. The applicable conclusion is therefore narrow: the row records what the cited state cell establishes for that LLC variant. It does not establish the balance of an operating account, the status of receivables, the amount available for an owner draw, or the timing of a future payment. Those questions sit outside the cited tax records.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Alabama | The annual Alabama Business Privilege Tax reaches every corporation, limited liability entity, and disregarded entity doing business in Alabama or organized, qualified, or registered there.source | A qualifying electing family limited liability entity remains subject to Business Privilege Tax but receives a separate statutory maximum-tax treatment.source | Every taxpayer files a privilege-tax return for each taxable year in which it is subject to the tax.source | The current rate provision applies to taxable years beginning after December 31, 1999.source | The Business Privilege Tax rate, minimum, and maximum provisions are located in Ala. Code § 40-14A-22(b)-(d).source | The family treatment is limited to a Subchapter K limited liability entity; the separate title-holding maximum expressly applies only to a not-for-profit corporation.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| New Hampshire | New Hampshire taxes the business profits of every business organization, including an LLC, at 7.5 percent for taxable periods ending on or after December 31, 2023.source | An LLC that elects and qualifies as a 'qualified investment company' is excluded from BPT at the entity level; an LLC that does not so qualify is taxed as any other business organization.source | A business organization with gross business income over $92,000 (DRA-adjusted to $109,000 for periods beginning on/after 2025-01-01) must file a BPT return; an electing qualified investment company instead files its own report.source | The current 7.5 percent BPT rate applies to taxable periods ending on or after December 31, 2023; no sunset date is stated.source | The Business Profits Tax rate and base are set by RSA 77-A:2 and RSA 77-A:1, III-IV; no amount is given here.source | The qualified-investment-company exclusion is limited to activities consistent with the company's investment purpose; its 3(c)(7)-based alternative is available only to issuers owned by qualified-purchaser-type investors.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Tennessee | State-level business tax (Tenn. Code Ann. §§ 67-4-704, 67-4-708): a privilege tax measured by gross sales of tangible personal property and services, as described by the Department of Revenue.source | Exempt from the business tax under Tenn. Code Ann. § 67-4-708(3)(C) for services furnished by holding companies and investment companies; sales of intangibles such as stocks, bonds, notes and royalties are not subject to it.source | For exempt services, including those of holding companies, no business license is needed and no tax is due unless the business also makes taxable sales; persons subject to the tax register before doing business.source | The uniform state-level business tax dates from January 1, 2014 (Public Chapter 313, 2013); the $100,000 filing threshold applies for tax years ending on or after December 31, 2023 (Public Chapter 377, 2023).source | Base and rates: gross sales per location at classification rates under Tenn. Code Ann. §§ 67-4-708 and 67-4-709; amounts are not reproduced here.source | Stated limits: providers of exempt services still owe tax on non-exempt sales of property and taxable services; services to affiliates are taxed on any markup; management services are not an exempt category.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Nevada | Nevada imposes the commerce tax, for the privilege of engaging in a business in the State, on each business entity whose Nevada gross revenue in a taxable year exceeds $4,000,000.source | An LLC that meets the passive-entity test, or whose in-state activities are confined to owning and managing intangible investments, is not a business entity and so is outside the commerce tax.source | A return is due 45 days after a taxable year with Nevada gross revenue over $4,000,000; the Department says exempt entities need not register, and registered ones over $4,000,000 may file an exempt-status form.source | Neither NRS ch. 363C nor NAC ch. 363C states an effective or sunset date for the commerce tax or its passive-entity and intangible-investment exclusions.source | The tax is computed under NRS 363C.300 at the rate for the entity's business category (NRS 363C.310-363C.560, including NRS 363C.470 for management of companies and enterprises).source | Rent is not passive income; holding intangible assets used in a related entity's active trade or business is an active trade or business; a holding company is a business entity unless NRS 363C.020(2) applies.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Ohio | Ohio levies a commercial activity tax on each person with taxable gross receipts for the privilege of doing business in Ohio.source | The CAT reaches a holding LLC's gross receipts; the exclusions name only interest (non-credit-sale), dividends/distributions and pass-through distributive shares, leaving other examples of gross receipts unaffected.source | A person with not more than $150,000 of taxable gross receipts for the calendar year is an 'excluded person,' not a 'taxpayer' required to register or pay the CAT.source | R.C. 5751.02 is current as last amended effective June 15, 2026 (Senate Bill 450); no sunset or expiration text was located for the CAT or its gross-receipts exclusions.source | The CAT rate and exclusion-amount computation are set in R.C. 5751.03; the levy itself is R.C. 5751.02.source | No stated limit on the gross-receipts exclusions themselves was located in R.C. 5751.01(F)(1)-(2).source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Oregon | Oregon imposes an annual Corporate Activity Tax on each person with taxable commercial activity and substantial Oregon nexus.source | CAT applies to taxable commercial activity, while the quoted holding receipts are excluded and the quoted interest exceptions remain outside that exclusion.source | A person doing business in Oregon with annual commercial activity over $1 million must file by the 15th day of the fourth month after the tax year ends.source | The Corporate Activity Tax provisions apply to tax years beginning on or after January 1, 2020.source | The CAT imposition, rate locator and commercial-activity base are in ORS 317A.116, 317A.125 and 317A.100(1).source | The quoted interest, asset-disposition, dividend and pass-through-distribution receipts do not enter commercial activity, subject to the two stated interest exceptions.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Indiana | Indiana imposes corporate adjusted gross income tax on every corporation's adjusted gross income derived from Indiana; an LLC taxed federally as an association falls in that classification.source | A corporation-classified LLC remains within corporate adjusted gross income tax, while qualifying foreign-source dividends receive the ownership-tiered statutory deduction.source | Every corporation with Indiana-source gross income files a return; the statute states the applicable fourth- or fifth-month due-date rule.source | The current corporate adjusted gross income tax rate applies after June 30, 2021.source | The corporate adjusted-gross-income base, rate, and foreign-source-dividend deduction are located in the cited sections.source | The deduction is confined by definition to dividends from a foreign corporation.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
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- Treatment
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- Filing rule
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- Effective period
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- Base-tax locator
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- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Massachusetts | Section 39 imposes the corporate excise on every covered business corporation for stated charter, business, and property incidents in Massachusetts.source | A corporation taxable under the security-corporation provision is not subject to the general § 39 excise and instead pays the § 38B gross-income-measured excise.source | Every Chapter 63 business corporation files the return required by Chapter 62C § 11, subject to its S-corporation, other-corporation, and combined-report timing rules.source | Section 39 states the current income-measure period as tax years beginning on or after January 1, 2012.source | The corporate excise base, measures, and minimum are located in Chapter 63 §§ 30 and 39.source | The general § 39 excise does not reach a corporation that is taxable under the separate § 38B security-corporation excise.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
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- Base-tax locator
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- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| District of Columbia | The corporate franchise tax applies to every domestic or foreign corporation for current taxable years.source | Specified dividends and interest are not District-source income, while § 47-1807.02(b) separately preserves the minimum tax when business or source income is exempt.source | A corporation conducting District business or receiving District-source income must file even when that business or source income is exempt elsewhere in Chapter 18.source | The current corporate levy provision applies for taxable years beginning after December 31, 2017.source | The corporate tax rate and minimum-tax provisions are located at D.C. Code § 47-1807.02(a)-(b).source | The source-income exclusion is limited to dividends from a payer subject to the named District tax law and to interest meeting the payer and no-District-business conditions.source |
| Idaho | Idaho imposes the franchise tax on the corporate branch described in Idaho Code § 63-3025A.source | Tax Commission guidance lists an inactive or name-holder corporation among corporations that must file; it states no holding-only carve-out.source | The corporate Idaho return is due on the fifteenth day of the fourth month after the tax year closes.source | The cited operative period for the franchise tax begins on 2001-01-01.source | The base and rate for the franchise tax are located in Idaho Code § 63-3025A; no amount is transcribed here.source | The stated interest/dividend allocation reaches Idaho-commercial-domicile income unless it is apportionable; the rule does not state a general holding-entity exemption.source |
| Minnesota | Minnesota imposes an annual franchise tax on a corporation whose state contacts produce Minnesota-source gross income.source | Qualifying corporate dividends receive a 50% or 40% deduction, but the deduction is denied when the business principally holds stocks and collects the related income and gains.source | A corporation within Minnesota's jurisdiction to tax must file a return.source | No current sunset or effective period for the franchise-tax regime was stated in the complete chapter 290 capture.source | The franchise-tax measures and rate are located in §§290.02 and 290.06, subd. 1; §290.0921 supplies the included AMT component. No amount is transcribed here.source | The dividend deduction does not reach dividends from a federally exempt corporation or a REIT and is subject to the holding-business exclusion.source |
| Mississippi | Mississippi imposes a franchise or excise tax on domestic and foreign corporations and partnerships treated as corporations.source | A qualifying holding corporation computes an exclusion from capital for the stated portion of its investment in subsidiary stock or securities.source | The corporate income and franchise tax return is due on the fifteenth day of the fourth month after the taxable year closes.source | The corporation franchise tax law is repealed from and after January 1, 2028.source | The domestic and foreign franchise-tax bases are located in §§27-13-5 and 27-13-7; no amount is transcribed here.source | The holding-company exclusion is limited to the calculated portion of capital attributable to stock or securities of a subsidiary corporation.source |
| New York | Article 9-A annually imposes franchise tax on every domestic or foreign corporation within the stated New York nexus rules, except corporations specified in §209(4).source | Article 9-A defines business income as entire net income minus investment income and other exempt income, subject to the stated limit and qualified-financial-instrument election.source | Every Article 9-A taxpayer must transmit an annual report by the statutory due date and file a cessation report for periods not previously reported.source | The business-income-base provision states the general post-2015 period and a separate 2021-through-2029 rule for taxpayers above the stated business-income-base threshold.source | The Article 9-A computation bases are located in N.Y. Tax Law §210(1).source | The investment-capital definition excludes stock in a unitary corporation, stock covered by the common-ownership combined-report election, and stock issued by the taxpayer.source |
| Utah | Utah imposes an annual tax on a nonexempt domestic or foreign corporation for exercising its corporate franchise or doing business in Utah.source | Holding receipts receive activity-specific source allocation; qualifying foreign-subsidiary dividends receive a partial subtraction, while investment-held income is excluded from the foreign-operating-company subtraction.source | A C corporation files Utah Form TC-20 for the corporation franchise or income tax.source | The current imposition section is identified in the official Code XML as amended in the 2026 General Session.source | The base, rate, and minimum-tax mechanism for utah corporation franchise tax are located at Utah Code § 59-7-104; no amount is transcribed here.source | The partial dividend subtraction is limited to a foreign subsidiary that belongs to the unitary group and is omitted from the specified combined reports; investment-held income cannot use the foreign-operating-company subtraction.source |
Source: 6 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
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- Treatment
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- Filing rule
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- Effective period
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- Base-tax locator
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- Does not reach
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Florida | Florida imposes a net-income-measured privilege tax on every taxpayer for doing business, earning or receiving Florida income, or being a Florida resident or citizen.source | Qualifying nonbusiness income is removed from adjusted federal income before apportionment and then added to Florida net income when allocated to Florida under § 220.16.source | Every taxpayer files for each year in which it is liable under Chapter 220 or must file a federal income-tax return, even if no Florida tax is due.source | No special effective or sunset period was located for the general corporate income/franchise tax or the nonbusiness-income treatment in the complete Chapter 220 search.source | The imposition, net-income base, adjusted-federal-income rules, and exemption are located at Florida Statutes §§ 220.11 through 220.14.source | The nonbusiness-income treatment excludes property income integral to regular business operations, and functionally related dividends are presumed business income; partnership-classified LLCs are outside the regime.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
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- Effective period
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- Base-tax locator
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- Does not reach
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State holding-entity rules: corporate income tax through corporation income tax
The matrix keeps each corporate-tax variant attached to its own state, field, effective period, and explicit limit.
Corporate-income and corporation-income labels can look interchangeable in a scan, but the comparison does not combine them into one rule. Each displayed value remains attached to the exact state and variant named by its cell. The effective-period field says when the cited rule statement applies; it is not an account date or a forecast. The base-tax locator identifies the related tax authority within the cell; it is not a calculation of an entity's liability. The does-not-reach field is a boundary, not an invitation to infer what an uncited rule covers. This prevents a reader or retrieval system from turning a state rule description into a generalized liquidity statement.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Alabama | An LLC classified as an association taxable as a corporation for federal income-tax purposes falls within Alabama's corporation definition and corporate-income-tax levy.source | A corporation-classified holding LLC remains within corporate income tax, while the statutory deduction changes the tax base for the listed dividends when the ownership test is met.source | Each corporation subject to chapter 18 income tax files a return for each taxable year stating its gross-income items and allowed deductions and credits.source | The complete corporate-income provisions state no effective or sunset period for the current levy or the dividend deduction.source | The corporate-income tax rate is located in Ala. Code § 40-18-31(a), and the taxable-income base is located in § 40-18-33.source | The dividend deduction is limited by its greater-than-20% ownership test and the enumerated dividend categories in Ala. Code § 40-18-35(a)(7).source |
| Arkansas | For tax years beginning on or after January 1, 2024, Arkansas imposes annual income tax on a domestic corporation's entire net income from carrying on or doing business.source | A corporation-classified LLC remains in the corporate-income-tax regime, but dividends from an 80%-or-greater directly owned subsidiary are exempt.source | Arkansas corporate income-tax returns are due on the fifteenth day of the fourth month following the end of the tax year.source | The current domestic-corporation provision applies to tax years beginning on or after January 1, 2024.source | The domestic corporate-income-tax rate schedule is located at Ark. Code Ann. § 26-51-205(a)(5), as amended by Act 4 of 2024, § 2.source | The exemption is limited to qualifying dividends; the instructions separately require taxable interest, gross rents, and gross royalties to be entered.source |
| Arizona | Arizona imposes corporate income tax on the entire Arizona taxable income of every corporation, subject to stated exemptions.source | Controlled-corporation dividends are subtracted when computing Arizona corporate taxable income.source | A corporation subject to Title 43 must file an Arizona return even when it has no federal taxable income.source | A.R.S. § 43-1111 states the current rate for taxable years beginning after December 31, 2016.source | The corporate tax base and rate are located at A.R.S. § 43-1111.source | The domestic-corporation dividend subtraction uses a 50%-or-more voting-control threshold.source |
| Colorado | Colorado imposes an annual income tax on each domestic or foreign C corporation and combined group doing business in Colorado.source | The generally applicable corporate income tax applies; no holding-entity carve-out was located in the complete C-corporation subpart.source | Every C corporation subject to the article must file a return reporting federal taxable income, Colorado modifications and credits, and required information.source | The current statutory rate provision applies to income-tax years commencing on or after January 1, 2022, subject to §39-22-627.source | The corporate income-tax base and rate schedule are located in §39-22-301(1)(d)(I).source | No special statutory limit for holding or passive entities was located in the complete C-corporation income-tax subpart.source |
| Georgia | Georgia imposes a corporate income tax on corporations.source | Qualifying affiliate dividends are subtracted from taxable income, reduced by expenses directly attributable to the dividend income.source | A corporation with Georgia property, business, or source income must file a Georgia income-tax return.source | No effective or sunset period for the current corporate-income-tax regime or affiliated-corporation dividend rule was stated in the searched official materials.source | The corporate-income-tax base is located at O.C.G.A. § 48-7-21 and Rule 560-7-3-.06(1).source | The cited dividend rule defines an affiliated corporation by IRC § 1504 group membership; it does not state a general deduction for every investment holding.source |
| Hawaii | Hawaii imposes tax on the taxable income of every corporation, including a corporation carrying on business in partnership.source | Corporate dividend income receives Hawaii-specific deduction treatment: full deductions for three stated classes and a 70% deduction for qualifying other-corporation dividends.source | Every corporation with gross income subject to chapter 235 files a return; an affiliated domestic group may file a consolidated return under the stated conditions.source | No current effective or sunset period for the corporate levy or dividend modification was stated in the complete chapter 235 capture.source | The corporate taxable-income base and rates are located in §235-71(a), with scope in §235-4(d) and dividend modifications in §235-7(c); no amount is transcribed here.source | The dividend rules remove the stated deductible portions from Hawaii taxable income; they do not state a general exemption for a holding LLC.source |
| Iowa | Iowa imposes corporate income tax on each corporation doing business in Iowa or deriving income from Iowa sources.source | A qualifying foreign holding or parent corporation is not considered doing business in Iowa or deriving Iowa-source income solely by the stated subsidiary ownership/control activity.source | The corporate return rule requires a corporation to file a return signed by its president or another authorized officer; no separate holding-company return rule is stated.source | The Department identifies the current corporate-rate schedule as effective for tax years beginning on or after January 1, 2024.source | The corporate income-tax base and rate mechanism are located at Iowa Code § 422.33(1); no amount is transcribed here.source | The holding carve-out is limited to a foreign corporation with no related Iowa physical presence; it does not state an exclusion for a domestic Iowa holding LLC or a foreign holder with such presence.source |
| Idaho | Idaho imposes the tax on corporate income on the corporate branch described in Idaho Code § 63-3025.source | Tax Commission guidance lists an inactive or name-holder corporation among corporations that must file; it states no holding-only carve-out.source | The corporate Idaho return is due on the fifteenth day of the fourth month after the tax year closes.source | The cited operative period for the tax on corporate income begins on 2025-01-01.source | The base and rate for the tax on corporate income are located in Idaho Code § 63-3025; no amount is transcribed here.source | The stated interest/dividend allocation reaches Idaho-commercial-domicile income unless it is apportionable; the rule does not state a general holding-entity exemption.source |
| Illinois | Illinois imposes a net-income tax on corporations; the current corporate rate provision applies to taxable years beginning on or after July 1, 2017.source | A qualifying holding company's base income and apportionment factors are assigned among its unitary groups under the stated pro rata or consistently applied reasonable method.source | A liable person must file a return; since 1993, non-S corporate members of the same unitary group are treated as one taxpayer for the stated return and liability purposes.source | The stated current corporate rate applies to taxable years beginning on or after July 1, 2017.source | The corporate net-income imposition is located at 35 ILCS 5/201(a), and the current corporate rate at 35 ILCS 5/201(b)(14).source | The special holding-company treatment excludes the stated bank holding-company route and does not extend beyond corporations meeting the ownership, income, expense, and group conditions.source |
| Kansas | Kansas imposes corporate income tax on every corporation doing business in Kansas or deriving income from Kansas sources.source | Qualifying foreign-corporation dividends receive an 80% subtraction from federal taxable income in computing Kansas corporate taxable income.source | A corporation doing business in Kansas or deriving Kansas-source income files a Kansas corporate return when it is required to file a federal income-tax return, whether or not tax is due.source | For taxable years beginning after December 31, 2020, the foreign-dividend subtraction does not apply to the two categories stated in K.S.A. 79-32,138(c)(v).source | The Kansas corporate income-tax base and rates are located at K.S.A. 79-32,110b(c).source | The Kansas-specific subtraction is limited to 80% of dividends from corporations incorporated outside the United States or the District of Columbia and excludes the stated post-2020 amounts.source |
| Louisiana | Louisiana imposes tax on the Louisiana taxable income of corporations and other entities taxed as corporations for federal income-tax purposes, excluding the specified insurance companies.source | Dividends and interest otherwise included in gross income receive statutory deductions, subject to the controlled-corporation interest election stated in the provision.source | Every corporation subject to the tax must file a return stating gross-income items and allowed deductions and credits.source | The current rate provision applies to taxable years beginning on or after January 1, 2025.source | The corporation income-tax rate is located in La. R.S. 47:287.12.source | The stated holding-income deductions address dividends and interest; the interest provision separately addresses the controlled-corporation election.source |
| Maryland | Maryland imposes income tax on the Maryland taxable income of each corporation, subject to the statutory exclusions.source | Qualifying foreign-corporation dividends are subtracted from federal taxable income when determining Maryland modified income.source | An LLC classified under federal Subchapter C or S files the appropriate corporate return; a disregarded single-member LLC reports through its member.source | The current corporate levy and dividend-subtraction provisions do not state an effective or sunset period in the codified sections.source | The corporate rate is located at § 10-105(b), and the corporate Maryland modified-income base is located at § 10-304.source | The subtraction is limited to included dividends, at least 50% direct or indirect ownership, and a payer organized under foreign law.source |
| Maine | For tax years beginning on or after January 1, 2018, § 5200 imposes tax on each taxable corporation and each qualifying unitary group.source | A corporate SBIC meeting § 5202-A is exempt under Part 8; § 5200-A separately subtracts 50% of specified affiliated-corporation dividend income.source | Every taxable corporation required to file a federal income-tax return files a Maine return; a unitary affiliate also files the statutory combined report.source | The current rate schedule applies to tax years beginning on or after January 1, 2018.source | Rates and imposition: § 5200(1-A); Maine taxable-income modifications: § 5200-A.source | The dividend subtraction excludes subpart F, § 951A and § 965 income; § 5200-B also preserves federal Public Law 86-272 protection.source |
| Michigan | Michigan levies corporate income tax on every taxpayer with Michigan business activity or an interest in a Michigan-active flow-through entity, subject to federal limits.source | A corporate-classified holding LLC receives different base treatment for the specified foreign dividends/royalties and U.S.-obligation interest.source | The annual or final corporate-income-tax return is due by the last day of the fourth month after the tax year ends.source | The Corporate Income Tax part was added by 2011 PA 38, effective January 1, 2012.source | The Corporate Income Tax base and holding-income adjustments are located in MCL 206.623; MCL 206.667 addresses alternative apportionment.source | The quoted deductions are bounded by their stated sources: specified non-U.S. payors/foreign operating entities and United States obligations.source |
| Missouri | For tax years beginning in 2020 or later, Missouri imposes corporation income tax on Missouri taxable income at the rate stated in § 143.071.3.source | A corporate-classified holding LLC remains within the regime, while corporate dividends and other holding receipts receive the stated subtraction and source-allocation treatment.source | A nonexempt corporation files when it must file federally and has the stated Missouri-source gross income; the return is due on the stated fourth-month date.source | The current corporation-income provision applies to tax years beginning on or after January 1, 2020.source | The corporation-income base is located at § 143.431.1 and the current rate at § 143.071.3.source | An S corporation is not subject to § 143.071 or other corporation income-tax sections; an S-corporation-classified LLC instead enters the elective ABE route if eligible and elected.source |
| Mississippi | Mississippi imposes income tax on corporate net income; an LLC reaches this filing branch when classified federally as a corporation.source | DOR treats the identified passive out-of-state investment income through a separate allocation and documentation procedure, not as an entity exemption.source | A corporation must file a corporate income and franchise tax return even when inactive; DOR places a federally corporate LLC in this branch.source | The cited imposition applies to the listed calendar and fiscal years and ‘all taxable years thereafter.’source | The corporate income-tax base and rate are located in Miss. Code §27-7-5; no amount is transcribed here.source | The stated allocation procedure is limited to nonbusiness income and wholly passive investment income from outside Mississippi and requires supporting explanation.source |
| Montana | A federally corporation-classified LLC is a corporation under Montana law and pays corporate income tax annually when engaged in business in Montana.source | A qualifying regulated investment company remains within the corporate regime but receives the stated dividends-paid deduction with express exclusions.source | A corporation files an accurate net-income return for each tax period under the stated calendar- or fiscal-year due-date rule.source | The corporate income tax provision states that a corporation engaged in Montana business pays the tax annually.source | The corporate-income levy, income base, deductions, rate, and minimum-tax locators are in the cited sections.source | The RIC deduction excludes dividends attributable to income not taxed when earned and disallows a dividends-received deduction; the NOL deduction is also unavailable.source |
| North Carolina | State net income tax applies to every C corporation doing business in North Carolina; the 2026 rate shown is 2%.source | Specified dividend and foreign-income amounts are deducted from federal taxable income, net of related expenses.source | A corporation generally files its return by the fifteenth day of the fourth month after its income year closes.source | Section 105-130.3 lists 2.25% for 2025, 2% for 2026, 1% for 2028, and 0% after 2029.source | Imposition and rate: § 105-130.3; State net-income adjustments: § 105-130.5.source | Expenses related to untaxed income remain nondeductible; for untaxed dividends, the expense adjustment is capped at 15% of the dividends.source |
| North Dakota | North Dakota imposes an annual tax on the taxable income of every domestic and foreign corporation.source | In the permitted or required combined computation, dividends from a corporation whose assets are included may not be included in income.source | A corporation receiving § 57-38-14 source income must return; a foreign loan and investment company with solely exempt state income may use the stated affidavit rule.source | The current corporate levy, LLC-classification, combined-report dividend, and filing provisions do not state an effective or sunset period.source | The corporate income-tax rate brackets and taxable-income base are located at N.D.C.C. § 57-38-30.source | The dividend exclusion is limited to a combined report under the common-control test and to dividends from a corporation whose assets are included in the segregations.source |
| Nebraska | Nebraska imposes income tax on the taxable income of every corporate taxpayer doing business in the state.source | The general rule reaches a corporate-classified entity with Nebraska-source federal taxable income; no general holding/passive carve-out was located.source | Each corporate taxpayer files one Nebraska income-tax return for each taxable year.source | The current statute states schedules for tax years beginning in 2026 and for tax years beginning on or after January 1, 2027.source | The corporate income-tax base and rate schedule are located at Neb. Rev. Stat. § 77-2734.02(1); no amount is transcribed here.source | The Department lists Public Law 86-272-protected corporations, S corporations, and financial institutions as outside Nebraska corporate income tax; it states no general holding-company exclusion.source |
| New Mexico | Corporate income tax applies to a corporation doing business in New Mexico or deriving income from New Mexico property or employment.source | A corporation-classified LLC remains in the regime, but its New Mexico base begins after the federal special deductions in IRC §§ 241-249.source | A covered corporation must file the prescribed return and pay by the due date of its federal corporate income-tax return.source | The 2026 base-income amendment was effective May 20, 2026 and applies to taxable years beginning on or after January 1, 2027.source | The corporate-income-tax rate is located at NMSA 1978, § 7-2A-5.source | The federal-special-deduction base rule does not remove state or local bond interest exempt under the IRC; New Mexico adds that interest back.source |
| Oklahoma | Oklahoma imposes corporate income tax on the Oklahoma taxable income of every corporation doing business in the state or deriving income from Oklahoma sources.source | Section 2355(H) taxes every corporation meeting its business-or-income scope; the complete-act search located no general holding-company exemption.source | Every corporation files an annual return stating taxable income and the Oklahoma adjustments, signed by the specified corporate officer.source | The current corporate rate provision applies to taxable years beginning after December 31, 2021.source | The corporate taxable-income definitions, imposition, and Oklahoma adjustments are located at Title 68 §§ 2353, 2355(H), and 2358.source | Oklahoma states that no additional income tax is imposed on accumulated taxable income or undistributed personal-holding-company income; the general corporate tax remains stated separately.source |
| South Carolina | South Carolina imposes corporate income tax on every corporation and other entities using federal corporate rates when the stated nexus or income test is met.source | Section 12-6-530 uses universal corporate-classification language; no general holding-entity carve-out was located in Chapter 6.source | A corporation subject to Chapter 6 files a return; the statute separately states when an S corporation must file.source | No effective or sunset period for § 12-6-530 is stated in its history or the complete Chapter 6 search.source | The corporate income-tax base and rate are located at S.C. Code § 12-6-530.source | An S corporation is outside Chapter 6 tax to the extent it is exempt from federal corporate income tax; shareholder inclusion remains stated separately.source |
| Utah | Utah imposes income tax on a nonexempt corporation's Utah-source taxable income for periods not included in its franchise-tax base.source | Holding receipts receive activity-specific source allocation; qualifying foreign-subsidiary dividends receive a partial subtraction, while investment-held income is excluded from the foreign-operating-company subtraction.source | A C corporation files Utah Form TC-20 for the corporation franchise or income tax.source | The current imposition section is identified in the official Code XML as amended in the 2026 General Session.source | The base, rate, and minimum-tax mechanism for utah corporation income tax are located at Utah Code § 59-7-201; no amount is transcribed here.source | The partial dividend subtraction is limited to a foreign subsidiary that belongs to the unitary group and is omitted from the specified combined reports; investment-held income cannot use the foreign-operating-company subtraction.source |
| Virginia | Virginia annually imposes corporation income tax on every Virginia corporation and every foreign corporation having income from Virginia sources.source | The LLC remains in the corporation-income-tax regime, but qualifying dividends are subtracted from the federal-taxable-income starting point.source | Every Virginia corporation or corporation with Virginia-source income, other than an S corporation filing under § 58.1-392, reports by the fifteenth day of the fourth month after year-end.source | Article 10 states no commencement or sunset date for the 50%-ownership dividend subtraction in Va. Code § 58.1-402(C)(10).source | The corporation-income-tax rate and imposition are located at Va. Code § 58.1-400.source | The dividend subtraction is not a general interest exclusion: specified obligation interest is added back, while a foreign corporation with only secured-note interest and no Virginia activity has no Virginia-source income.source |
| Vermont | Corporate Income Tax is imposed on income earned or received by every taxable corporation.source | A corporation that qualifies and elects as a digital business entity uses the amount determined under the separate Digital Business Entity Franchise Tax provision.source | Every taxable corporation must file the Vermont corporate income-tax return by the federal-return due date.source | The digital-business-entity election that supplies the different treatment took effect January 1, 2010.source | The Corporate Income Tax base and rate schedule are located at 32 V.S.A. § 5832.source | Section 5838 states that an electing qualifying digital business entity is not subject to section 5832.source |
Source: 26 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| South Carolina | Every corporation required to file the annual report pays the corporate license fee, which Chapter 20 deems a tax.source | A qualifying holding company may reduce the specified paid-in capital surplus, while § 12-20-50(A) still states the annual fee and minimum.source | Covered corporations file an annual report with the Department of Revenue by the stated fourth-month deadline.source | The § 12-20-50(C) holding-company reduction applies to the stated increases in capital on January 1, 2003, and thereafter.source | The corporate license-fee base, rate, and minimum are located at S.C. Code § 12-20-50(A).source | The holding-company reduction is limited to the attributed parent contribution, qualifying subsidiary expansion, zone, and completion conditions stated in § 12-20-50(C).source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
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- Base-tax locator
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- Does not reach
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Pennsylvania | Article IV imposes an excise tax on a corporation exercising listed Pennsylvania privileges.source | Corporate taxable income receives the dividend modification stated in §401(3)1(b).source | For tax years beginning after 2020, the Article IV report is due on the fifteenth day of the month following the federal return due date.source | The Article IV rate schedule states an ongoing period beginning January 1, 2031, after its intervening dated periods.source | Article IV §§401(3) and 402(b) locate the taxable-income base and dated rate schedule.source | For tax years beginning after 1990, the stated dividend modification is limited to §78 amounts and qualifying foreign-corporation dividends.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
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- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Georgia | Georgia's corporate net-worth tax is based on corporate net worth and is levied for the privilege of doing business or exercising a corporate franchise in Georgia.source | A corporate-classified LLC is subject to the corporate net-worth regime; domestic corporations are taxed on total net worth, with no holding/passive carve-out located.source | A new corporation files an initial net-worth return by the fifteenth day of the fourth calendar month; annual filing follows thereafter under the stated rule.source | No effective or sunset period for the current corporate net-worth-tax regime was stated in the searched official materials.source | The corporate net-worth-tax base and table are located in O.C.G.A. §§ 48-13-71 through 48-13-73 and the IT-611 net-worth schedules.source | A deficit-net-worth corporation files but owes no net-worth tax; a liquidated corporation filing its final income-tax return does not file the net-worth return.source |
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Field definitions
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| New Jersey | The Corporation Business Tax is a franchise tax on domestic corporations and taxable foreign corporations.source | A qualifying noncaptive investment company enters 40% of the ordinary tax-base line; the current instructions separately require the minimum-tax computation.source | Every corporation acquiring taxable status in New Jersey must file a Corporation Business Tax return.source | The captive-investment-company limitation applies to privilege periods ending on and after July 31, 2023.source | The investment-company base is located at N.J.S.A. 54:10A-5(d) and the current CBT-100 instructions, Schedule A, Part III, line 2a.source | For periods ending on and after July 31, 2023, captive investment companies are taxed as C corporations and do not receive subsection 5(d) treatment.source |
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Connecticut | A company subject to chapter 208 pays the larger of the § 12-214 tax and the capital-base calculation in § 12-219(a).source | Private-corporation stock holdings are subtracted from the capital-base calculation under § 12-219(a)(1)(ii).source | Each company subject to the tax must render the commissioner an annual return.source | Section 12-219(a)(1) schedules the capital-base rate by income year from pre-2024 through zero mills for income years beginning on or after January 1, 2028.source | Rate, base, subtraction, apportionment, minimum and cap: § 12-219(a)(1).source | Section 12-219a separately apportions investments other than private-corporation stock, plus cash, credits and other intangible assets.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
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- Treatment
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- Filing rule
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Connecticut | Annual corporation business tax measured by net income; an LLC is within the quoted rule only when taxable as a corporation for federal income-tax purposes.source | Dividend income receives the quoted deduction in computing net income, with a partial limitation for certain below-20% domestic-corporation holdings.source | Each company subject to the tax must render the commissioner an annual return.source | Section 12-214(a)(1) states the current net-income rate for income years beginning on or after January 1, 2000.source | Rate and imposition: § 12-214(a)(1); net-income deductions: § 12-217.source | The passive-investment-company exclusion is defined for a corporation related to a financial-service or insurance company and subject to the quoted operational limits.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
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- Treatment
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Oregon | Oregon imposes the Corporation Excise Tax under ORS 317.070 on the corporations and Oregon income stated in that provision.source | A corporate-classified holding LLC receives different base treatment through the statutory subtraction for qualifying dividends included in federal taxable income.source | A chapter 317 or 318 return is due on the 15th day of the month following the corresponding federal-return due date.source | No current effective or sunset period for the Corporation Excise Tax regime or ORS 317.267 dividend treatment was stated in the complete chapter search.source | The excise-tax rate, imposition, minimum tax and dividend modification are located in ORS 317.061, 317.070, 317.090 and 317.267.source | The dividend subtraction is unavailable for specified non-dividend items, federal-disallowance categories and foreign-source dividend income; an insurer rule uses a 100-percent substitution.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
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- Treatment
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- Filing rule
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| California | California's franchise tax, measured by net income and not less than the § 23153 minimum tax, reaches corporations doing business in the state; an LLC is within it only if classified as an association.source | § 23102: a non-trading stock or bond holder only receiving and disbursing dividends and interest is not doing business for Ch. 2. § 23153: unless expressly exempted, incorporated, qualified or doing-business corporations owe minimum tax.source | Part 11 taxpayers file a return by the 15th day of the fourth month after year-end (§ 18601(a)); exempt organizations file § 23772 returns; no return rule specific to § 23102 holding corporations was found.source | The § 23151(f)(2) measure applies to taxable years beginning on or after January 1, 2000 and the § 23101(b) tests from 2011; § 23102 was last amended in 1951; § 23040.1 was last amended effective January 1, 2002.source | Rate: R&TC § 23151; minimum franchise tax: § 23153; S corporation rate: § 23802(b)(1); alternative minimum tax: Chapter 2.5 (§§ 23400-23459).source | § 23102 does not reach corporations that trade securities or do more than receive and disburse dividends and interest, and is limited to this chapter; § 23040.1 excludes dealers, and (b)(2) bars (a)(2) for other California income.source |
| Wisconsin | The annual franchise tax reaches every nonexempt domestic or foreign corporation exercising its franchise or doing business in Wisconsin and is measured by Wisconsin net income.source | The listed holding-income categories are presumed apportionable when the statutory unitary or integral-investment conditions are met.source | A nonexempt corporation files by its federal return due date, without extension, and reports each item of nontaxable income.source | Current § 71.23(2) applies with the 7.9% rate stated in Wis. Stat. § 71.27(2).source | Imposition and rate: Wis. Stat. § 71.23(2); Wis. Stat. § 71.27(2); Wisconsin net income and allocation/apportionment: § 71.25.source | A federally disregarded single-owner entity is not a separate corporation under this chapter; its owner is subject to tax on or measured by the entity's income.source |
Source: 2 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
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- Treatment
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- Filing rule
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- Effective period
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- Base-tax locator
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- Does not reach
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| California | California taxes the net income from California sources of every corporation other than a bank for periods it is not under the franchise tax; an LLC is within it only if classified as an association.source | § 23040.1(a) leaves a corporate partner's qualifying investment-partnership income and an alien corporation's own-account securities trading income out of California-source income, which § 23501 taxes.source | Part 11 taxpayers file a return by the 15th day of the fourth month after year-end, and a return filed under the wrong chapter (franchise or income tax) is deemed filed under the proper one (§ 18601(a)).source | § 23501 taxes net income derived from California sources on or after January 1, 1937; § 23040.1(e) applies its amendments from taxable years beginning in 1999, and § 23040.1 was last amended effective January 1, 2002.source | The rate is set by reference to R&TC § 23151 under § 23501(c); S corporations: § 23802(b)(1); alternative minimum tax for Chapter 3 taxpayers: § 23455(a)(2).source | § 23040.1 does not reach a corporation that manages the partnership's investments, is unitary with one that does, or has other California income, nor securities dealers; interests in non-investment partnerships do not qualify.source |
| Delaware | Delaware taxes the Delaware taxable income of every non-exempt domestic or foreign corporation; an LLC is within this tax only if it is classified as a corporation for federal income tax purposes.source | A corporation, including an LLC classified as a corporation, whose Delaware activities are confined to the § 1902(b)(8) investment activities is exempt from the corporation income tax.source | Non-exempt corporations file annual tentative and final returns; the Secretary may require exempt corporations to file information returns, and Revenue names Form CIT-HIC for § 1902(b)(8) corporations.source | Chapter 19 states the corporation income tax was first effective for income earned after December 31, 1957 (30 Del. C. § 1907).source | The rate is set in 30 Del. C. § 1902(a); taxable income is computed, allocated and apportioned under 30 Del. C. § 1903.source | The exemption reaches only corporations whose in-state activities are confined to the listed activities; income from tangible property qualifies only when the property is physically located outside Delaware.source |
| Kentucky | An LLC is subject to Kentucky corporation income tax when its federal tax treatment is corporate; KRS 141.040 imposes the tax on every nonexempt corporation doing business in Kentucky.source | A corporation-classified holding LLC remains within corporation income tax, but all dividend income is excluded from the Kentucky gross-income calculation.source | Income returns are due April 15 for calendar-year taxpayers or the fifteenth day of the fourth month after a fiscal year closes.source | The current corporate gross- and net-income calculation in KRS 141.039 is effective July 15, 2026.source | The corporation income-tax rate is located at KRS 141.040(2).source | The dividend exclusion is limited to dividend income; the same calculation expressly includes interest from sister-state obligations.source |
| Oregon | Oregon imposes the Corporation Income Tax under ORS 318.020(1) on the corporations and Oregon income stated in that provision.source | A corporate-classified holding LLC receives different base treatment through the statutory subtraction for qualifying dividends included in federal taxable income.source | A chapter 317 or 318 return is due on the 15th day of the month following the corresponding federal-return due date.source | No current effective or sunset period for the Corporation Income Tax regime or ORS 317.267 dividend treatment was stated in the complete chapter search.source | The income-tax imposition and incorporation rule are in ORS 318.020 and 318.031; chapter 317 contains the rate and dividend modification.source | The dividend subtraction is unavailable for specified non-dividend items, federal-disallowance categories and foreign-source dividend income; an insurer rule uses a 100-percent substitution.source |
| Wisconsin | The income tax reaches a corporation not subject to the franchise tax that owns Wisconsin property or has Wisconsin-source or attributable income.source | The listed holding-income categories are presumed apportionable when the statutory unitary or integral-investment conditions are met.source | A nonexempt corporation files by its federal return due date, without extension, and reports each item of nontaxable income.source | Current § 71.23(1) applies with the 7.9% rate stated in Wis. Stat. § 71.27(1).source | Imposition and rate: Wis. Stat. § 71.23(1); Wis. Stat. § 71.27(1); Wisconsin net income and allocation/apportionment: § 71.25.source | A federally disregarded single-owner entity is not a separate corporation under this chapter; its owner is subject to tax on or measured by the entity's income.source |
Source: 5 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
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- Treatment
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- Effective period
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State holding-entity rules: corporation net income tax through franchise tax
Each cited state variant can constrain a review calendar, but no row proves that cash exists to meet an obligation.
The tables in this group include state variants whose names refer to income, franchise, excise, entity-level, or elective pass-through treatment. The name alone does not decide who owes an amount, when a filing occurs, or whether an election applies. Those details come only from the corresponding cells. Reading the six fields together can identify a source-backed rule, its stated treatment, its filing duty, and its effective-period boundary. It cannot produce a reserve amount, a distribution instruction, or a conclusion about financial independence. When a treatment or boundary field is unknown, that unknown stays with the row and cannot be filled from a neighboring state.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Alaska | Alaska imposes corporation net income tax on every corporation's taxable income derived from Alaska sources.source | Qualifying foreign-corporation dividends and royalties receive statutory exclusions from taxable income; Chapter 20 states no general holding-entity exemption.source | A federally corporate LLC files under the corporate instructions, and the Alaska return is due in the month following the federal due date.source | The current Form 6000 tax-rate table identifies its operative period as tax years beginning on or after August 26, 2013.source | The corporation net-income-tax base and rate schedule are located at AS 43.20.011(e); no amount is transcribed here.source | Interest earned on property in Alaska does not by itself establish a taxable or business situs in Alaska.source |
| West Virginia | West Virginia imposes corporation net income tax on the West Virginia taxable income of every domestic or foreign corporation within the stated nexus, except §11-24-5 corporations.source | The generally applicable corporation net income tax applies; no holding-entity carve-out was located in the complete article.source | For tax years beginning after 2015, every corporation subject to Article 24 must file its return by the fifteenth day of the fourth month after the taxable year closes.source | The current corporation net income-tax paragraph applies to taxable periods beginning on or after January 1, 2014.source | The current corporation net income-tax imposition and rate are located in W. Va. Code §11-24-4(8).source | No special statutory limit for holding or passive entities was located in the complete corporation net income tax article.source |
Source: 2 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
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- Treatment
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- Filing rule
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- Effective period
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Vermont | An annual franchise tax is imposed on every business entity that qualifies and elects as a digital business entity.source | Every qualifying electing business entity is subject to the annual franchise tax; no holding- or passive-entity carveout is stated.source | The franchise tax is reported and paid in the stated corporate-tax manner, with a federal return copy supplied to the Commissioner.source | The Digital Business Entity Franchise Tax took effect January 1, 2010.source | The Digital Business Entity Franchise Tax base and limits are located at 32 V.S.A. § 5832a(a)–(b).source | The regime does not reach a nonelecting entity or one that fails the full-year digital-business-entity conditions.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
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- Tax regime
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- Treatment
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- Filing rule
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- Effective period
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Wisconsin | For the privilege of doing business, the surcharge applies to a corporation required to file under chapter 71 with at least $4 million in gross receipts.source | A qualifying corporation is subject based on gross receipts from all activities; § 77.93 states no special holding-entity treatment.source | A subject person files an accurate gross-tax-liability statement by the chapter 71 filing deadline, including extensions.source | The surcharge uses the same taxable year as the entity's chapter 71 tax and is due on the chapter 71 return due date without extension.source | Section 77.94 sets 3% of corporate gross tax liability or 0.2% of tax-option-corporation net income, subject to a $25 minimum and $9,800 maximum.source | The rule excludes an exempt corporation with no reportable unrelated business income; a federally disregarded single-owner entity is not separate under this subchapter.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
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- Treatment
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- Filing rule
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- Effective period
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Ohio | An electing pass-through entity (an LLC that elects) is taxed on its qualifying taxable income at the rate equal to Ohio's top business-income individual rate.source | Qualifying taxable income cross-references only the (A)(2)-(7) adjustments of R.C. 5733.40, not the (A)(1) 'subject to section 5733.401' language that carries the withholding tax's IPTE exclusion.source | An eligible pass-through entity elects by filing a prescribed form on or before the R.C. 5747.42 return deadline; the election is irrevocable for that year and applies only to that year.source | R.C. 5747.38 is current as last amended effective September 30, 2025 and has applied since taxable years beginning in 2022; no sunset or expiration text was located.source | The electing tax's rate is set in R.C. 5747.38(B); the annual return is R.C. 5747.42(A)(2).source | No stated carve-out exists whose limits could be quoted; full-text search of R.C. 5747.38 and 5747.39 located no holding or passive provision at all.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
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- Treatment
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Massachusetts | An eligible pass-through entity may elect the Chapter 63D excise on qualified income taxable in Massachusetts.source | Chapter 63D states the elective qualified-income rule but no distinct treatment for a holding or passive eligible pass-through entity.source | The electing entity pays on its original timely filed return, due when its partnership information return or corporate excise return would be due under Chapter 62C.source | Chapter 63D applies for tax years beginning on or after January 1, 2021, but not for a year when the cited federal state-and-local-tax deduction limit has expired or is not in effect.source | The qualified-income definition and elective excise measure are located in Chapter 63D §§ 1 and 2.source | Qualified income is limited to amounts allocable to qualified members, defined as natural persons, trusts, or estates subject to Chapter 62; other owners are outside that defined base.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Alabama | A qualifying Alabama S corporation or Subchapter K entity may elect the Alabama pass-through-entity tax; an electing entity pays the tax under the stated base and apportionment rules.source | No holding- or passive-entity exemption, deduction, or alternative tax treatment is stated for the elective pass-through-entity tax.source | The statute states the election and revocation filing deadlines, approval requirements, continuing-election rule, and the timely-return method for tax years beginning in 2025.source | The elective pass-through-entity tax election is available for tax years beginning on or after January 1, 2021.source | The elective pass-through-entity tax rate, calculation, and apportionment locators are stated in Ala. Code § 40-18-24.4(e).source | The elective pass-through-entity tax provisions state no holding-income or holding-entity limit to the regime's scope.source |
| Arkansas | The elective PTE tax permits a partnership, Sub-S corporation, or LLC to file one return and pay Arkansas income tax for all owner-members.source | The electing entity remains subject to PTE tax, but its net capital gain is taxed at half the rate applied to its other taxable income.source | Owners holding more than 50% of voting power make the election by the extended return due date; Form AR1100PET is due on the fifteenth day of the fourth month.source | Act 362's elective PTE provisions apply to tax years beginning on or after January 1, 2022.source | The ordinary PTE rate and the net-capital-gain half-rate rule are located at Ark. Code Ann. § 26-65-103(b)(1).source | The half-rate treatment is confined to net capital gain; the main levy applies to the affected entity's net taxable business income.source |
| Arizona | Eligible owners of a federally partnership- or S-corporation-treated business may elect Arizona entity-level income tax.source | The elective PTE provisions state no separate holding- or passive-entity treatment.source | The election is made on the business return, and an electing partnership or S corporation pays estimated tax as necessary.source | The entity-level election applies to taxable years beginning after December 31, 2021.source | The elective PTE tax base and rate locator is A.R.S. § 43-1014(A).source | The election excludes income attributable to ineligible owner types and individual, estate, or trust owners who opt out.source |
| California | A qualified entity doing business in California may elect to pay an annual tax measured by its qualified net income; Part 10.4.1 covers taxable years 2026 through 2030 and Part 10.4 covered 2021 through 2025.source | The elective tax reaches an LLC only if a qualified entity elects it, and Parts 10.4.1 and 10.4 state no holding or passive carve-out.source | The election is irrevocable and made on an original, timely filed return, and the elective tax does not change any filing requirement under Parts 10, 10.2 or 11 (§§ 19910(d), 19914(d)).source | Part 10.4.1 covers taxable years 2026-2030 if IRC § 164(b)(6) was extended and stays in effect until December 1, 2031 (§ 19916); FTB's 2026 instructions say the tax is extended; Part 10.4 covered 2021-2025.source | The rate is in R&TC § 19910(a)(1), qualified net income is defined in § 19910(a)(2), and payment dates are in § 19914.source | The elective tax has no holding or passive carve-out, so no limits of one are stated; a full-text search of Parts 10.4.1 and 10.4 found none.source |
| Colorado | An electing pass-through entity is taxed on the specified Colorado and resident-owner shares of income for a taxable period covered by its election.source | The elective tax uses the stated owner-share income base; no holding-entity carve-out from that base was located in the complete subpart.source | The S corporation or partnership makes the annual election on its §39-22-601 return, and that filed election binds all electing owners.source | The annual election applies for income-tax years beginning on or after January 1, 2018, but only while the federal §164 deduction limitation exists.source | The elective PTE tax base and rate cross-reference are located in §39-22-344(1).source | No special statutory limit for holding or passive entities was located in the complete SALT Parity Act subpart.source |
| Connecticut | For taxable years beginning on or after January 1, 2024, an affected business entity required to file under § 12-726 may elect the tax calculated under § 12-699(c).source | No holding-entity or passive-income carve-out was located in chapter 228z; the regime is elective.source | An eligible entity must already be required to file under § 12-726 and must give written notice by its return deadline for each year it elects the tax.source | The elective regime applies for taxable years beginning on or after January 1, 2024.source | Rate and tax base: § 12-699(c).source | Affected business entity excludes a qualifying publicly traded partnership that agrees to file the described annual unitholder return.source |
| Hawaii | An electing partnership or S corporation pays entity-level tax on qualified members' Hawaii taxable distributive shares and guaranteed payments.source | The elective base uses all qualified members' Hawaii taxable distributive shares and guaranteed payments; no holding or passive carve-out was located.source | A separate election is filed each tax year in the prescribed form, signed by all current members or an authorized officer, manager, or member; it is irrevocable for that year.source | The elective pass-through entity tax applies to taxable years beginning after December 31, 2022.source | The qualified-member Hawaii taxable-income base and rate are located in §235-51.5(b); no amount is transcribed here.source | The statutory definitions exclude publicly traded partnerships and limit qualified members to individuals, trusts, and estates.source |
| Iowa | An electing taxpayer pays entity-level tax on its properly determined Iowa taxable income, allocated and apportioned under Department rules.source | An eligible LLC may elect the entity-level tax on its Iowa taxable income; no holding-entity carve-out from that elective base was located.source | A separate irrevocable election is made for each tax year, and the entity-level tax is due with the taxpayer's return.source | The election is available for qualifying tax years beginning on or after January 1, 2022 and is no longer scheduled to expire.source | The PTET base and rate reference are located at Iowa Code § 422.16C(4)(a); no amount is transcribed here.source | A publicly traded partnership and a single-member or other federally disregarded LLC cannot make their own PTET election.source |
| Indiana | A Subchapter K or S pass-through entity may elect Indiana adjusted gross income tax at entity level; the tax is imposed on aggregate direct-owner shares.source | For PTET's nonresident-owner base, qualifying investment-partnership income is allocated to the partner's residence or commercial domicile unless an operational exception applies.source | The electing entity attaches a schedule calculating tax and each direct owner's credit and remits the tax with its return, subject to credited payments.source | The PTET chapter applies after 2021; the investment-partnership allocation rule applies to taxable years beginning after December 31, 2025.source | The elective pass-through-entity tax base, allocation method, rate, and due-date locators are in Ind. Code § 6-3-2.1-4(a)-(b).source | The special allocation excludes the stated security-interest income and yields to business-income treatment for integrally related, operational, or working-capital investment activity.source |
| Kansas | An electing pass-through entity is subject to Kansas entity-level tax computed under K.S.A. 79-32,287(a).source | The SALT Parity Act states no separate holding- or passive-entity treatment.source | The S corporation or partnership makes the election on its filed return, and that filing binds all electing pass-through entity owners.source | The entity-level tax provisions apply to taxable years commencing on or after January 1, 2022.source | The elective pass-through entity tax base and rate locator is K.S.A. 79-32,287(a).source | For a partnership, the statutory definition of electing pass-through entity owner excludes a C corporation partner.source |
| Kentucky | An authorized person may elect annually to have the KRS 141.020 tax imposed on a pass-through entity, based on ordinary and separately stated income calculated under KRS 141.206.source | Unknown Not yet verifiedKRS 141.209(2)(a) imposes the tax “based upon the ordinary income and separately stated items of income calculated under KRS 141.206.” These items include all items listed on the Kentucky Schedule K-1 reporting distributable share income including, but not limited to, interest income, dividend income, capital gains, guaranteed payments, and rents.source | The election uses a department-prescribed form and, for current years, must be made by the fourth-month deadline or the tenth-month extended-return deadline.source | The election applies to taxable years beginning on or after January 1, 2022; KRS 141.209 became effective March 31, 2023.source | The elective PTE tax points to the tax under KRS 141.020; KRS 141.209(2)(a) is the incorporation locator.source | Unknown Not yet verifiedKRS 141.209(2)(a) imposes the tax “based upon the ordinary income and separately stated items of income calculated under KRS 141.206.” These items include all items listed on the Kentucky Schedule K-1 reporting distributable share income including, but not limited to, interest income, dividend income, capital gains, guaranteed payments, and rents.source |
| Louisiana | Louisiana taxes the Louisiana taxable income of an entity making the pass-through election at the rate referenced for individuals.source | The election section applies the corporation-income-tax Part to electing entities, and that Part provides deductions for dividends and interest otherwise included in gross income.source | The election must be made in writing within the statutory period, subject to the secretary's reasonable-cause authority for a late election.source | The election applies for the elected taxable year and all succeeding taxable years until termination under the statute.source | The elective entity-level tax rate cross-reference is located in La. R.S. 47:287.732.2(B).source | An entity filing a composite partnership return under La. R.S. 47:201.1 cannot make the election for the same tax year.source |
| Minnesota | Minnesota imposes pass-through entity tax on a qualifying entity that makes the annual election, measured by qualifying owners' tax liabilities.source | The elective tax uses the sum of each qualifying owner's tax liability; no holding-company or passive-income carve-out was located.source | The election is made by the return due date, requires owners holding more than 50% of qualifying-owner interests, binds all qualifying owners, and is irrevocable for the year.source | The election applies to taxable years beginning after 2020 and expires with federal IRC §164(b)(6)(B), without ending later audit authority.source | The qualifying-owner liability sum, income base, and individual-rate cross-reference are located in §289A.08, subd. 7a(c)-(d); no amount is transcribed here.source | A publicly traded partnership is not a qualifying entity, and the election must exclude owners who are not qualifying owners.source |
| Montana | Each electing partnership or S corporation pays Montana entity tax on the stated affected-owner Montana-source-income base.source | Every electing pass-through entity pays the entity tax under the universal imposition; complete search found no holding/passive exception.source | The election is annual, irrevocable for the year, and due by the extended return deadline; the entity designates an authorized Montana representative.source | The complete four-section PTET subpart states annual operation but no effective or sunset date in its operative text.source | The PTET rate and affected-owner Montana-source-income base are located in Mont. Code Ann. § 15-30-3326(1).source | The complete PTET provisions state no holding-income or holding-entity limit on the universal electing-entity imposition.source |
| North Carolina | An electing taxed S corporation or taxed partnership pays annual tax on North Carolina taxable income at the § 105-153.7 rate.source | No holding-entity or passive-income carve-out was located in the two election sections; the regime is elective.source | The election is made on the entity's timely filed return and cannot be made or revoked after that return is filed.source | The current taxed-S-corporation and taxed-partnership election language applies to taxable years beginning on or after January 1, 2023.source | Taxed-S-corporation base: § 105-131.1A(b); taxed-partnership base: § 105-154.1(b); rate: § 105-153.7.source | A publicly traded partnership described in Code § 7704(c), or a partnership with an unlisted partner type, cannot make the election.source |
| Nebraska | An eligible partnership or S corporation may irrevocably elect for a tax year to pay Nebraska income tax at the entity level.source | An eligible electing LLC pays entity-level tax on Nebraska-apportioned or allocated net income; no holding-entity carve-out from that elective base was located.source | A current-year election is made on Form PTET-E or by checking box 5 on the applicable income-tax return, and box 5 remains required if Form PTET-E was submitted.source | The Department states that eligible partnerships and S corporations may elect PTET for tax years beginning on and after January 1, 2018.source | The partnership and S-corporation PTET base and rate references are located at Neb. Rev. Stat. §§ 77-2727(6)(b) and 77-2734.01(8)(b); no amount is transcribed here.source | The partnership election excludes publicly traded partnerships, and the S-corporation election is limited to entities subject to federal subchapter S taxation; a disregarded LLC is outside both stated classifications.source |
| New Mexico | A pass-through entity may elect annually to pay entity-level tax; the tax is imposed on distributed net income.source | The entity remains subject to elective tax, but qualifying net capital gain is removed from distributed net income.source | The election is made by filing a complete entity-level return by the original or extended due date of the federal partnership or S-corporation return.source | The 2023 entity-level-tax amendments apply to taxable years beginning on or after January 1, 2023.source | The entity-level tax rate and distributed-net-income base are located at NMSA 1978, § 7-3A-10(C)-(D).source | The holding-income deduction is limited to qualifying net capital gain allocated to Income Tax Act owners; it is not stated as a general passive-income exclusion.source |
| New York | Article 24-A imposes tax for each taxable year on the pass-through entity taxable income of every electing partnership and electing S corporation.source | The taxable-income definition reaches the stated owner-level income, gain, loss, and deduction items; no holding-entity carve-out was located in Article 24-A.source | Each electing partnership and electing S corporation must file its Article 24-A return by March fifteenth following the close of the stated year.source | The annual election is due by the first estimated-payment due date, applies to the current taxable year, and becomes irrevocable after that due date.source | The Article 24-A pass-through entity tax rate table is located in N.Y. Tax Law §862.source | The eligible-partnership definition excludes a publicly traded partnership and requires the Article 22 filing obligation; eligible S corporations must be New York S corporations subject to Article 9-A.source |
| Oklahoma | Oklahoma levies the pass-through entity tax on each electing pass-through entity for tax years beginning on or after January 1, 2022.source | The elective tax applies to Oklahoma net entity income without a separately stated holding- or passive-entity treatment.source | The tax is due with the electing entity's Oklahoma income-tax return; the election is available to entities required to file an Oklahoma partnership or S-corporation return.source | The current pass-through entity tax calculation applies to tax years beginning on or after January 1, 2022.source | The entity-income definition, member classes, tax calculation, and election rules are located at Title 68 §§ 2355.1P-2 and 2355.1P-4.source | The elective tax base is limited to the positive or negative sum of the entity's Oklahoma income, gain, loss, and deduction under the Oklahoma Income Tax Act.source |
| Utah | A pass-through entity that is not disregarded may elect to pay tax on voluntary taxable income.source | A qualifying LLC may elect tax on voluntary taxable income, which expressly includes business and nonbusiness income within the stated owner and source rules; no holding/passive carve-out was located.source | Payment by the last day of the taxable year is the irrevocable, nonrefundable election, and the entity must remit by that date.source | The current elective-tax section is identified in the official Code XML as amended in the 2026 General Session.source | The elective PTET base and rate reference are located at Utah Code § 59-10-1403.2(2)(a); no amount is transcribed here.source | A disregarded pass-through entity cannot elect, and the stated elective base is limited to income attributed to final pass-through entity taxpayers who are resident or nonresident individuals.source |
| Virginia | Virginia annually taxes the Virginia taxable income attributable to eligible owners of every pass-through entity making the annual election.source | The electing LLC remains subject to PTET, but qualifying U.S.- and Virginia-obligation income is subtracted through the incorporated owner-modification rules.source | A pass-through entity doing business in Virginia or receiving Virginia-source income files by the fifteenth day of the fourth month after its taxable year closes.source | For taxable years beginning on or after January 1, 2022, a pass-through entity may make the annual election on its timely filed return.source | The elective pass-through-entity tax rate and base are located at Va. Code § 58.1-390.3(B).source | The federal-obligation subtraction excludes interest on federal tax refunds, equipment-purchase contracts, and other normal business transactions.source |
| Wisconsin | An eligible partnership or federal S corporation may elect annual entity-level tax at 7.9% of Wisconsin-reportable net income.source | No holding-entity or passive-income carve-out was located in either election subsection; the regime is elective.source | The entity elects on or before its return's due date or extended due date; a partnership's general return rule is in § 71.20(1).source | Each current statutory election applies for the taxable year identified on the entity's timely or timely extended return.source | Partnership rate and base: § 71.21(6)(a), (d)1.; tax-option-corporation rate and base: § 71.365(4m)(a), (d)1.source | Election requires consent from holders of more than 50% of partnership capital and profits or more than 50% of corporation shares.source |
| West Virginia | West Virginia annually imposes tax at the top individual marginal rate on the West Virginia taxable income of an electing pass-through entity.source | The statute defines income through owners' distributive shares and the resident owner's non-West-Virginia share; no holding-entity carve-out was located in the complete section.source | The entity must make its annual election on or before the return due date, including granted extensions; the election applies only to that taxable year and is irrevocable for that year.source | The entity-level election is available for taxable years beginning on and after January 1, 2022.source | The elective entity-level tax's base and rate cross-reference are located in W. Va. Code §11-21-3a(k).source | The election is unavailable to a federally disregarded entity, and the pass-through entity definition excludes an entity subject to Article 24 corporation tax.source |
Source: 23 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
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- Base-tax locator
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- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Mississippi | A partnership, S corporation, or similar pass-through entity may elect to pay Mississippi income tax at the entity level.source | Unknown Not yet verifiedFiling an Electing Pass-Through Entity Return An electing PTE will file the Pass-Through Entity Tax Return, form 84-105, and check the “Electing Pass-Through Entity” check box in order to be taxed at the entity level. A copy of the Pass-Through Entity Election Form, form 84-381, should also be attached to the return.source | An electing PTE files Form 84-105, checks the electing-PTE box, and attaches Form 84-381.source | The elective entity-level regime applies for calendar year 2022 and each calendar year thereafter.source | The election and entity-level payment rule are in §27-7-26, which applies the tax imposed under chapter 7; no amount is transcribed here.source | Unknown Not yet verifiedFiling an Electing Pass-Through Entity Return An electing PTE will file the Pass-Through Entity Tax Return, form 84-105, and check the “Electing Pass-Through Entity” check box in order to be taxed at the entity level. A copy of the Pass-Through Entity Election Form, form 84-381, should also be attached to the return.source |
| Rhode Island | A qualifying pass-through entity may elect to pay Rhode Island tax at the entity level (§44-11-2.3(b)(1)).source | The elective tax applies to defined PTE net income, and that definition excludes specially allocated investment income; this is different base treatment, not an exemption.source | The annual election is made by filing the prescribed tax form and remitting the appropriate tax (§44-11-2.3(a)(1)).source | The elective entity-level tax applies for tax years beginning on or after January 1, 2019; the cited current version is effective January 1, 2025.source | The elective PTE tax base and rate are located in §44-11-2.3(a)(2) and (b)(1); no amount is transcribed here.source | The elective PTE tax base does not include specially allocated investment income under §44-11-2.3(a)(2).source |
Source: 2 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
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- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
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- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Tennessee | Excise tax (Tenn. Code Ann. § 67-4-2007): a tax on the net earnings of persons engaged in business in Tennessee, other than nonprofit and exempt entities, as described by the Department of Revenue.source | Exempt from the excise tax under Tenn. Code Ann. § 67-4-2008 when the LLC meets a quoted exemption test; the Department states an exempt entity is not subject to excise tax and files no excise return.source | Exempt entities file Form FAE183 (initial application, then annual renewal) and no excise return; FONCEs add a Disclosure of Activity; a non-qualifying year requires Form FAE170 with any tax due.source | LLCs were brought within the franchise and excise taxes by the 1999 Tax Revision and Reform Act; FONCE ownership through trusts for family members applies for tax years ending on or after July 1, 2026.source | Base and rate: Tenn. Code Ann. § 67-4-2006 (net earnings, Schedule J adjustments, including deductions for dividends from 80%-owned corporations and taxed pass-through income) and § 67-4-2007; no amounts reproduced.source | Stated limits: a requirement failed at any time loses the exemption for the period; FONCE excludes corporations, commercial rents and non-securities gains; taxable owners report exempt-LLC income; § 67-4-2007(f) gains.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
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- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
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- Effective period
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- Base-tax locator
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- Does not reach
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Michigan | Subject to MCL 206.847, Michigan levies Flow-Through Entity Tax on every electing taxpayer with Michigan business activity.source | The inter-FTE base follows three linked rules: deduction, exclusion of an electing positive-income lower-tier FTE's subsection (2) adjustments, and addback for a non-electing lower-tier FTE.source | An annual or final FTE return is due by the last day of the third month after the taxpayer's tax year ends.source | The election begins with tax years starting in 2021, and the tax is imposed only while IRC § 164(b)(6)(B) limits the corresponding individual state-and-local-tax deduction.source | The FTE tax base, adjustments and member-allocation rule are located in MCL 206.815; MCL 206.817 governs apportionment.source | The deduction excludes an electing positive-income lower-tier FTE's subsection (2) adjustments, while a non-electing lower-tier FTE's positive-business-income share is added back.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
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- Treatment
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- Filing rule
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- Effective period
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- Base-tax locator
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- Does not reach
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| North Carolina | An annual franchise tax applies to corporations; a corporation meeting § 105-120.2's holding-company test uses that section's special rate and limits.source | A qualifying holding company pays under § 105-120.2's special base limits and is not also taxed under the general § 105-122 rule.source | A corporation meeting the holding-company test must file a return, determine total net worth, and apportion that net worth to North Carolina.source | For taxable years beginning on or after January 1, 2025, § 105-120.2(b) sets the quoted rate, first-$1-million maximum, overall maximum, and minimum.source | Holding-company base and rate: § 105-120.2(a)-(b); general corporate net-worth base: § 105-122(b).source | The general § 105-122 franchise tax does not apply to a business taxed under the holding-company provision, § 105-120.2.source |
| Tennessee | Franchise tax (Tenn. Code Ann. § 67-4-2105(a)): a privilege tax on entities doing business in Tennessee with substantial nexus, measured by net worth, as described by the Department of Revenue.source | Exempt from the franchise tax under Tenn. Code Ann. § 67-4-2008 when the LLC meets a quoted exemption test; the Department states the § 67-4-2008 exemptions apply to both the franchise and excise taxes.source | Exempt entities file Form FAE183 (initial application, then annual renewal) by the 15th day of the fourth month after year-end; FONCEs add a Disclosure of Activity; a non-qualifying year requires Form FAE170.source | LLCs were brought within the franchise and excise taxes by the 1999 Tax Revision and Reform Act; FONCE ownership through trusts for family members applies for tax years ending on or after July 1, 2026.source | Base and rate: Tenn. Code Ann. §§ 67-4-2106 and 67-4-2107 (net worth, Schedules F1/F2) and § 67-4-2119 (minimum tax); amounts are not reproduced here.source | Stated limits: failing a requirement at any time in the period loses the exemption for the whole period; FONCE excludes corporations, commercial or industrial rents and non-securities gains; funds may not act as brokers.source |
| Texas | Franchise tax under Tax Code chapter 171, imposed on each taxable entity that does business in Texas or is chartered or organized in Texas.source | Chapter 171 lists LLCs and holding companies as taxable entities; its passive-entity exclusion is limited to general or limited partnerships and trusts other than business trusts.source | A taxable LLC files an annual report unless no tax is due for the period, and a yearly public information report listing corporations, LLCs, LPs and PAs in which it owns a 10% or greater interest, whether or not tax is owed.source | Section 171.001 carries a 1981 Act note (eff. Jan. 1, 1982); the passive-entity definition in § 171.0003 took effect January 1, 2008; no expiration is stated in §§ 171.0002-171.0004 or 171.001.source | Rate and computation: Tax Code § 171.002 (threshold adjusted under § 171.006); taxable margin § 171.101; total revenue § 171.1011; E-Z computation § 171.1016; apportionment § 171.106.source | Only general or limited partnerships and non-business trusts can be passive; rent and certain affiliated nonoperator mineral income are not passive income; holding intangibles used in a related entity's active business is active.source |
Source: 3 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
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- Treatment
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- Filing rule
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- Effective period
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- Base-tax locator
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- Does not reach
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State holding-entity rules: general excise tax through occupational license gross receipts tax
These rows preserve the source's exact state-rule vocabulary while separating filing and tax constraints from cash availability.
A rule variant may describe an election, fee, gross-receipts measure, income measure, license charge, or other state mechanism. The matrix reports only what the cited cells say about that variant. A filing rule is evidence of the stated filing duty, not evidence of payment timing beyond the cell, account sufficiency, or available liquidity. An effective period is a legal or administrative scope field, not proof that the same statement applies outside that period. The page does not reconcile two variants into a single statewide answer and does not use an uncited summary to fill a missing field. A source field that is unknown shows Unknown with the explanation printed beside it.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Hawaii | Hawaii imposes general excise tax on gross income from a business or activity not otherwise taxed under chapter 237.source | Gross income includes receipts from invested business capital, including interest and royalties; specified securities-sale receipts and dividends are excluded.source | Each taxpayer files an annual return by the twentieth day of the fourth month after the taxable year closes.source | No current effective or sunset period for the general excise tax was stated in the complete chapter 237 capture.source | The other-business gross-income base and rate are located in §237-13(9), with gross income defined in §237-3; no amount is transcribed here.source | The gross-income definition excludes specified securities-sale and indebtedness receipts and dividends; §237-23.5 separately exempts qualifying related-entity interest.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
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- Does not reach
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| New Mexico | Gross receipts tax is imposed on a person engaging in business in New Mexico, subject to the Act's exemptions and deductions.source | An LLC remains within the gross-receipts regime, but the listed interest, dividend, and securities-sale receipts are exempt.source | Revenue provides a gross-receipts reporting form and recommends electronic filing through Taxpayer Access Point; tax is due by the following month's twenty-fifth day.source | The dividends, interest, and securities-sale exemption has been effective since July 1, 1969.source | The state gross-receipts-tax rate is located at NMSA 1978, § 7-9-4(A).source | The exemption is receipt-specific: interest on money loaned or deposited, dividends or interest from securities, and proceeds from securities sales.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
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- Treatment
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- Filing rule
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- Effective period
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- Base-tax locator
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- Does not reach
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Delaware | A certified Headquarters Management Corporation pays an annual tax in lieu of the Chapter 19 corporation income tax (30 Del. C. § 6402).source | A Headquarters Management Corporation is taxed in lieu of Chapter 19, on its own Headquarters Management Corporation taxable income base with a stated minimum tax (30 Del. C. §§ 6402-6403).source | The election is filed with the Headquarters Management Corporation license application, and annual tentative and final returns are required regardless of liability or income.source | Chapter 64 states no effective or sunset date for the Headquarters Management Corporation tax; a full-text search of the chapter found none.source | The tax is set in 30 Del. C. § 6402 and its base computed under § 6403; the separate Headquarters Management Corporation license tax is in § 2301(a)(25), with § 2301(f).source | The election ends if the taxpayer revokes it or fails to limit its Delaware activities to headquarters services or investment activities.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
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- Treatment
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- Filing rule
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- Effective period
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- Does not reach
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| South Dakota | Chapter 10-43 imposes an annual tax on each financial institution doing or licensed to do business in South Dakota during any part of its tax year.source | Holding income is treated through stated additions, a limited dividend subtraction, and South Dakota numerator treatment for securities receipts when the principal office is in the state.source | Each taxpayer files the chapter 10-43 return and pays the tax within 15 days after its federal income-tax return is due; delinquency carries statutory penalty and interest.source | The complete current chapter states no operative effective or sunset date for the current holding-income rules or securitization exclusion.source | The chapter 10-43 rate and minimum are located in SDCL 10-43-4; net-income definition and adjustments are in SDCL 10-43-10.1 through 10-43-10.5.source | The dividend subtraction is limited to dividends from chapter-taxed financial institutions; a qualifying financial-institution-owned securitization pass-through is excluded from person status.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
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- Tax regime
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- Treatment
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Kentucky | Kentucky imposes annual LLET on every corporation and limited liability pass-through entity doing business in Kentucky, subject to stated exceptions.source | A holding LLC that meets the qualified-investment-partnership test is expressly not subject to LLET under KRS 141.206(14)(b).source | A qualified investment partnership remains subject to the other PTE provisions, including the annual federal-return-copy filing rule in KRS 141.206(1).source | The current qualified-investment-partnership provision in KRS 141.206 is effective July 15, 2026.source | The LLET base and rate are located at KRS 141.0401(2).source | The exemption is limited to a pass-through entity holding only investments that produce income nontaxable to a nonresident individual if held directly; the entity remains subject to other PTE provisions.source |
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- Treatment
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- Filing rule
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- Effective period
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- Does not reach
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| California | California imposes an annual tax for the privilege of doing business on each LLC doing business in the state and on each LLC whose articles are accepted or registration issued by the Secretary of State.source | The annual tax reaches each LLC doing business in California and each LLC organized or registered there; Chapter 10.6 states no carve-out for holding or passive LLCs with ordinary taxable owners.source | An LLC exempt under § 23701 files the exempt-organization annual return (§ 23772, with a small-receipts exception); other LLCs, including disregarded ones, file the LLC return under § 18633.5.source | The annual tax applies to taxable years beginning on or after January 1, 1997; § 17941 was last amended effective July 13, 2026.source | The amount is set by reference to R&TC § 23153(d) under § 17941(a); § 17941(g) states first-taxable-year rules.source | The only exclusion, § 17941(d), covers LLCs exempt under § 23701h or § 23701x as title-holding companies; that exemption is limited to entities owned by exempt organizations and does not reach other LLCs.source |
| Delaware | Every domestic LLC, every foreign LLC registered to do business in Delaware, and each registered series of a domestic LLC owes an annual tax under 6 Del. C. § 18-1107(b).source | The annual tax reaches every domestic LLC and every registered foreign LLC; the LLC Act states no exception for holding or passive LLCs.source | The Division of Corporations states LLCs file no annual report and pay the annual tax by June 1; § 18-1107(c) makes it due on June 1 after the calendar year.source | The LLC Act states no effective or sunset date for the annual tax; a full-text search of 6 Del. C. ch. 18 found none.source | The annual tax amounts are set in 6 Del. C. § 18-1107(b), with the due date and interest in § 18-1107(c) and the late-payment penalty in § 18-1107(e).source | The LLC Act has no holding or passive carve-out from the annual tax, so no limits of one are stated; a full-text search of chapter 18 found none.source |
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- Treatment
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- Filing rule
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- Does not reach
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| California | Every LLC subject to the § 17941 annual tax also pays an annual fee in tiers measured by its total income from all sources derived from or attributable to California (§ 17942(a)).source | Total income, the measure of the fee, excludes allocations and distributions an LLC receives as member or economic-interest holder of another LLC when attributable to income already subject to the fee.source | The fee is due with the LLC return required by § 18633.5 and must be estimated and paid by the 15th day of the sixth month of the taxable year; a disregarded LLC's return must show its §§ 17941-17942 liability.source | § 17943 applies the § 17942 fee amounts to the taxable year beginning January 1, 2001 and later years; § 17942 was last amended effective September 30, 2008.source | Fee tiers are in R&TC § 17942(a)(1)-(4); the income measure and its assignment to California are in § 17942(b).source | Excluded only if attributable to income already subject to the fee; sales-factor exclusions do not apply; FTB counts non-LLC pass-through shares; the § 17941(d) title-holding exclusion is limited to exempt-owned entities.source |
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Minnesota | Minnesota imposes the minimum fee on filing S corporations and partnerships, with a separate included fee for filing C corporations.source | Specified investment-entity classes are exempt, and intangible property is excluded from the Minnesota-property factor; other filing entities remain subject under the statutory factors.source | For an S corporation or partnership, the minimum fee is due on or before the return due date stated in §290.0922, subd. 1(b).source | No current sunset or effective period for the minimum fee was stated in the complete chapter 290 capture.source | The filing-entity imposition, factor thresholds, and factor definitions are located in §290.0922, subds. 1 and 3; no amount is transcribed here.source | The fee does not reach the expressly exempt entities, including REITs, regulated investment companies or their funds, and §860D(b)-electing entities.source |
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| New Jersey | A partnership outside the listed exclusions must remit tax on allocated entire net income shares of nonresident partners.source | N.J.S.A. 54:10A-15.11 excludes qualified investment partnerships and investment clubs from the partnership payment rule.source | Form NJ-CBT-1065 must be filed when the entity must calculate tax on nonresident partners.source | The cited partnership instructions apply to calendar year 2025 and fiscal years beginning in 2025.source | The nonresident-partner payment computation is located at N.J.S.A. 54:10A-15.11(a)(1).source | The regime does not reach a qualifying investment club whose current adjusted asset ceiling is the lesser of $442,000 or $61,900 per owner.source |
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- Treatment
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- Filing rule
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Delaware | Chapter 23 imposes annual license taxes on listed occupations, a general service license fee on other service businesses, and a license fee on gross receipts from licensable activities.source | § 1902(b)(8) corporations (an LLC only if corporate-classified) are exempt from the (b) and (d) fees except as commercial lessors; buying affiliated corporations' debt does not trigger the tax; acting solely as a partner is exempt.source | A full-text search of 30 Del. C. chapters 21 and 23 found no return or license-filing rule specific to an entity within the § 2301(o), (c)(3) or (e)(4) carve-outs.source | Chapters 21 and 23 state no effective or sunset date for the license and gross receipts regime or its holding carve-outs; a full-text search found none.source | License tax amounts are in 30 Del. C. § 2301(a) and (b); the gross receipts license fee rate and its deductions are in § 2301(d).source | The § 2301(o) exemption does not reach commercial-lessor activity (rent from Delaware commercial units); the affiliate-debt exclusion does not apply to affiliated finance companies.source |
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State holding-entity rules: partnership filing fee through qualified entity election
The cited rows establish variant-specific obligations and limits; they do not establish owner-level cash, compensation, or distributions.
This group keeps nonresident, partnership, pass-through, S-corporation, and security-corporation variants distinct. A label for one entity or election context cannot be generalized to every subsidiary, owner, or state filing. Treatment and filing fields travel with their own state and variant, while the does-not-reach field preserves what the source expressly leaves outside that rule. The matrix therefore supports a bounded calendar review: identify the exact rule, read its period and duty, and keep its limitation visible. It does not convert entity-level public records into conclusions about a person's balances, spending capacity, retirement readiness, or other private financial conditions.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| New Jersey | The filing fee applies to federally partnership-classified entities with New Jersey-source income or loss and more than two owners, other than investment clubs.source | An investment club meeting the current stated test is exempt from the annual partnership filing fee.source | A partnership with New Jersey-source income or loss, or any New Jersey resident partner, must file Form NJ-1065.source | The cited instructions apply to calendar year 2025 and fiscal years beginning in 2025.source | The fee is located at N.J.S.A. 54A:8-6(b)(2)(A) and the Partnership Filing Fee schedule in Form NJ-1065.source | The current instructions exclude qualifying investment clubs; the general fee rule also requires New Jersey-source income or loss and more than two owners.source |
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- Treatment
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- Filing rule
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Vermont | A partnership-classified LLC subject to section 5920 must pay the annual minimum tax.source | A qualifying investment club is exempt from the annual entity tax; the current BI-471 instructions operationalize the same two ceilings.source | A partnership or LLC within section 5920 must file an annual return by its federal-return due date.source | The current minimum-tax section reflects an amendment effective April 29, 1998.source | The partnership and LLC minimum tax is located at 32 V.S.A. § 5921.source | The tax does not reach a qualifying investment club whose activities and both financial ceilings satisfy section 5921.source |
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- Treatment
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- Filing rule
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Vermont | A partnership or LLC is liable for Vermont income taxes imposed on nonresident partners or members with respect to entity income.source | Section 5920(c) imposes the nonresident-member payment; the complete section states no holding- or passive-entity carveout.source | Section 5920(a) still requires the partnership or LLC annual return by the federal-return due date.source | The current mandatory-payment section reflects an amendment effective January 1, 2023.source | The nonresident-partner or member payment formula is located at 32 V.S.A. § 5920(c).source | The complete current section 5920 states no holding- or passive-entity exclusion from subsection 5920(c).source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
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- Treatment
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- Filing rule
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- Effective period
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| New Jersey | An eligible pass-through entity may annually elect to pay PTE/BAIT at the entity level.source | The complete current BAIT chapter states no separate holding- or passive-entity treatment.source | Every pass-through entity that made the election must file Form PTE-100.source | PTE/BAIT applies for taxable years beginning on or after January 1, 2020.source | The PTE/BAIT base and rate table is located at N.J.S.A. 54A:12-3(b)(2).source | The election requires at least one individual, estate, or trust member liable under the Gross Income Tax Act on distributive proceeds.source |
| Oregon | An eligible pass-through entity may elect Oregon's Pass-Through Business Alternative Income Tax when its members satisfy the stated individual-ownership conditions.source | No holding carve-out was located; the elective tax base expressly uses distributive proceeds that include dividends, royalties, interest, rents and gains.source | An electing pass-through entity must file an entity tax return with payment by the chapter 316 return date provided in ORS 314.385.source | The elective tax applies to tax years beginning on or after January 1, 2022, and before January 1, 2028.source | The elective regime's distributive-proceeds definition, tax base and rate are in sections 2(1) and 3(5)-(6), chapter 589, Oregon Laws 2021, as amended.source | No holding or passive-entity carve-out was located, so the scoped provisions state no limits of such a carve-out.source |
Source: 2 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Georgia | When a qualifying partnership elects entity-level taxation, the partnership pays the income tax; this includes an LLC treated federally as a partnership.source | An electing PTE with a qualifying exempt owner excludes that owner's exempt income before apportionment and allocation; this is an owner-linked exclusion, not a blanket entity exemption.source | The entity makes the annual election on Form 600S or Form 700 by the return's due or extended due date; it becomes irrevocable after that date.source | The PTE-election regulation applies to taxable years beginning on or after January 1, 2022.source | The elective PTE tax base is located in O.C.G.A. §§ 48-7-21 and 48-7-23 and Rule 560-7-3-.03(6).source | The securities exemption does not cover the stated family-controlled entities, participating managers, or owners in a unitary business with a participating manager.source |
| Illinois | Within the stated taxable-year window, an electing partnership or S corporation is subject to Illinois PTE tax at the entity level.source | An electing partnership that owns an interest in another electing partnership subtracts its distributive share of the lower-tier electing partnership's net income.source | A separate prescribed election is required for each taxable year and is irrevocable once made; the Act's general return rule applies to a person liable for the tax.source | The election is limited to years ending on or after December 31, 2021 and beginning before January 1, 2026, and only while the stated federal deduction limit applies.source | The entity-level PTE tax and rate are located at 35 ILCS 5/201(p)(2), and the net-income rules at paragraph (3).source | The election excludes publicly traded partnerships and years beginning in 2026 or later; the tiered subtraction requires an interest in another electing partnership.source |
| Maryland | Each pass-through entity must pay the tax for nonresident-member shares or may elect to pay it for all member shares.source | The statute imposes the tax on each pass-through entity and expressly includes an LLC not taxed as a corporation; no holding-activity carve-out was located.source | A partnership-classified LLC files a partnership return, while a disregarded single-member LLC reports profit or loss through its member; electronic filing begins after 2026.source | The current PTE levy provision does not state an effective or sunset period; § 10-819.1 separately dates the future electronic-filing rule.source | The PTE rate formulas and taxable-income or nonresident-taxable-income bases are located at § 10-102.1(d).source | The non-elective tax excludes specified shares of Maryland PTE, REIT, and Internal Revenue Code § 501 members.source |
| Washington | Elective pass-through entity tax: beginning January 1, 2028, imposed on an electing entity's taxable income for each taxable year in which its election is in effect, and paid by the electing entity.source | No holding or passive-entity carve-out located; RCW 82A.04.520(3)(c) includes investment income in an electing entity's taxable income to the same extent as in a participating owner's individual Washington base income.source | The entity files its election by DOR's due date and no later than June 15 of the taxable year, makes estimated payments as individuals do (not required before July 1, 2029) and files an annual return.source | Imposed beginning January 1, 2028 (2026 c 238 s 502); no estimated payments required before July 1, 2029; 2026 c 238 s 1202 makes sections 1-1003 and 1201-1209 null and void if a court of final jurisdiction invalidates section 201.source | Rate and base sections: RCW 82A.04.520(1)(a) sets the rate on an electing entity's taxable income; RCW 82A.04.520(3) defines that taxable income.source | No holding or passive-entity carve-out from the pass-through entity tax was located, so no limits of such a carve-out are stated.source |
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Field definitions
- Tax regime
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- Treatment
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Ohio | Ohio levies a withholding tax on every qualifying pass-through entity with at least one individual qualifying investor, on the sum of its investors' adjusted qualifying amounts, if nexus exists and that sum exceeds $1,000.source | An LLC that qualifies as an IPTE is still a qualifying pass-through entity subject to R.C. 5747.41, but computes a different (excluded) adjusted-qualifying-amount base for its holding-type income.source | No withholding tax applies unless the entity's investors' adjusted qualifying amounts exceed $1,000; a qualifying entity otherwise files its annual return by the 15th day of the fourth month after its taxable year ends.source | R.C. 5747.41 is current as last amended effective June 14, 2022; no sunset or expiration text was located for the withholding tax or the IPTE carve-out.source | The withholding tax's rate and base are set in R.C. 5747.41 (rate) and R.C. 5733.40 (adjusted qualifying amount); the return is R.C. 5747.42.source | The IPTE exclusion does not cover net management fees once they exceed five percent of the entity's GAAP net income; that portion stays in the adjusted qualifying amount.source |
| Virginia | A PTE with Virginia-source taxable income allocable to a nonresident owner pays withholding tax for the privilege of doing business in Virginia, subject to subsection C.source | The statute imposes withholding only on Virginia-source income; Public Document 15-240 treats qualifying investment-PTE intangible income as not Virginia-source and requires no withholding payment.source | Public Document 15-240 states that a qualifying investment PTE need not pay the withholding tax or file Form 502.source | The investment-PTE guidance applies to tax years beginning on or after January 1, 2015; statutory PTE withholding liability applies from January 1, 2008.source | The pass-through-entity withholding-tax base and rate are located at Va. Code § 58.1-486.2(B)(1).source | The entity treatment does not remove the manager's tax on a Virginia business; royalties from specified intangibles may remain subject to corporate addback or equitable adjustment.source |
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Idaho | Every person required to file an Idaho income-tax return pays the additional excise tax imposed by §63-3082.source | An LLC is excluded by statute from Idaho's $10 permanent building fund tax only if all its income or loss is reportable by another taxpayer and it has no Idaho taxable income (§ 63-3083); otherwise it pays as a filer (§ 63-3082(1)).source | The additional tax is tied to the obligation to file an income-tax return and is paid by the return filer.source | Section 63-3082 states the additional tax for every person required to file an income-tax return and supplies no sunset in the operative text.source | The additional return-filing tax and its composite-return extension are located in §63-3082; no amount is transcribed here.source | Idaho's permanent building fund tax does not reach an entity whose income or loss is all reportable by another taxpayer and that has no Idaho taxable income (§ 63-3083).source |
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Alaska | Alaska assesses a personal-holding-company tax in addition to ordinary corporation tax and uses the Alaska statutory rate.source | A qualifying personal holding company calculates ordinary Alaska corporation tax and a separate add-on reported on Schedule E.source | A personal holding company reports the add-on on Form 6000 Schedule E, line 4, with apportionment when appropriate.source | No effective or sunset period for the current Alaska personal-holding-company add-on was stated in complete Chapter 20 or the current Form 6000 instructions.source | The Alaska rate is located at AS 43.20.021(b) and Form 6000 Schedule E, line 4; the incorporated federal base is referenced to IRC §§ 541 and 545.source | The incorporated definition excludes the listed exempt, banking, insurance, surety, and foreign corporations; further specialized exceptions follow in IRC § 542(c).source |
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- Treatment
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- Filing rule
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- Effective period
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Illinois | Illinois imposes the Personal Property Tax Replacement Income Tax, measured by net income, on every stated corporation, partnership, and trust.source | A corporate-classified LLC meeting the holding-company and unitary-group conditions has base income and factors assigned under the special rules; other covered types retain the general regime.source | A person liable for tax under the Act must file; non-S corporate members of one unitary group are treated as one taxpayer for the stated return and liability purposes.source | The replacement tax begins July 1, 1979 for taxable years ending after June 30, 1979; subsection (d) states the later rate periods.source | The replacement-tax imposition is located at 35 ILCS 5/201(c), and the corporation, partnership, trust, and S-corporation rates at subsection (d).source | The special holding-company allocation excludes the stated bank route and is a corporation rule; partnership- or S-corporation-classified LLCs remain only within the general replacement-tax terms.source |
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- Treatment
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- Filing rule
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| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| South Carolina | A qualified entity may elect annually to have tax imposed on the entity's active trade or business income.source | Passive investment income is outside the elected entity-level active-trade-or-business base; the statute does not label the entity itself exempt.source | The annual election is due with the applicable return; owner exclusion depends on the qualified entity properly filing and paying the elected tax.source | The qualified-entity election first applies to tax years beginning after 2020.source | The rate schedule for the qualified-entity election is located at S.C. Code § 12-6-545(B)(2).source | The active-trade-or-business definition excludes passive investment income, related expense, capital gains and losses, service payments, and stated personal-service amounts.source |
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- Treatment
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- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
How rules and classifications can constrain a decision calendar
A constraint map records when a cited rule applies, what it treats, and what it requires; it does not calculate whether an operator has cash to satisfy the obligation.
The final state-rule group follows the same discipline as every earlier row. State, entity type, rule variant, field, and source date remain attached. A state business license fee or unincorporated-business rule may belong on a decision calendar when its exact cells establish a duty or effective period. It still does not reveal cash on hand or whether a business can satisfy that duty. No state row supplies a cross-jurisdiction ranking. No unknown is filled from a similarly named rule. The matrix is useful because it preserves those limits while placing cited obligations in one reviewable structure.
Timing fields require the same restraint. An effective period can place a rule statement on a calendar, but it does not state when receivables arrive, when debt service clears, when an owner can take a draw, or how long operating cash will last. A filing duty can require attention without proving a current payment amount or an account balance. A classification can affect which rules require review without proving that any particular amount is available.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Minnesota | Minnesota taxes recognized built-in gain of an S corporation with a post-1986 S election at the corporate rate.source | The qualifying built-in gain is taxed at the corporate rate notwithstanding the general S-corporation exemption in §290.9725.source | An S corporation files a return for each taxable year in which its federal S election is in effect.source | The stated S-election condition is an election after December 31, 1986.source | The imposition, lesser-of taxable-net-income computation, loss carryforward, and rate locator are in §290.9727, subds. 1-4; no amount is transcribed here.source | The subdivision does not apply when the corporation had an S election in effect for every taxable year; predecessor status is combined.source |
| Pennsylvania | For a Pennsylvania S corporation, Article IV taxable income is federally determined net recognized built-in gain.source | For a Pennsylvania S corporation, Article IV substitutes federally determined net recognized built-in gain as taxable income.source | A Pennsylvania S-corporation return is due thirty days after the federal corporate income-tax return due date.source | The Pennsylvania S-corporation built-in-gain taxable-income rule applies to taxable years beginning on or after January 1, 1998.source | Article IV §§401(3)1(p) and 402(b) locate the built-in-gain tax base and corporate net income tax rate schedule.source | The Article IV taxable-income definition reaches only net recognized built-in gain as federally determined under §1374(d)(2).source |
Source: 2 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Minnesota | Minnesota imposes an entity tax on a legacy S corporation meeting the pre-1987 election and capital-gain thresholds.source | A qualifying legacy S corporation pays entity-level tax at the corporate rate on the lesser statutory capital-gain income base.source | An S corporation files a return for each taxable year in which its federal S election is in effect.source | Eligibility is limited to an S corporation whose federal S election was made before January 1, 1987, subject to the stated lookback exclusions.source | The imposition, corporate-rate reference, and lesser-of capital-gain income base are located in §290.9728, subds. 1-2; no amount is transcribed here.source | The tax does not apply after three immediately preceding S-election years or to a corporation under four years old with an S election for every year of existence.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Hawaii | An S corporation is generally outside §235-71, but federally taxed S-corporation income attributable to Hawaii is taxed at the highest corporate marginal rate.source | Federally taxed S-corporation income attributable to Hawaii is taxed at the highest marginal corporate rate and then reduces state-attributable S-corporation income.source | An S corporation files an annual Hawaii return when its Hawaii activities would require a C corporation return under §235-92.source | No current effective or sunset period for the Part VII entity-level exception was stated in the complete chapter 235 capture.source | The entity-level base and corporate-rate cross-reference are located in §235-122(b); no amount is transcribed here.source | Outside the stated federally taxed-income exception, an S corporation is not subject to the corporation tax imposed by §235-71.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Alaska | Alaska imposes the incorporated excess-net-passive-income tax on an S corporation at the stated Alaska marginal rate.source | Although ordinary pass-through items are not taxed to the S corporation, Alaska separately taxes excess net passive income at the stated corporate rate.source | An Alaska S corporation files Form 6000 with its federal Form 1120-S pages and reports excess-net-passive-income tax on Schedule E line 6 when applicable.source | No Alaska effective or sunset period for the excess-net-passive-income add-on was stated in complete Chapter 20 or the current Form 6000 instructions.source | The Alaska incorporation and return locator are AS 43.20.021(a) and Schedule E line 6; IRC § 1375(a)-(b) contains the base computation.source | The conditional text does not impose the tax without both year-end accumulated earnings and profits and passive receipts above 25% of gross receipts.source |
| Arkansas | Arkansas taxes an S corporation's excess net passive income in the federal manner and reports the entity-level amount on line 6 of Form AR1100PET.source | A qualifying S-corporation-classified LLC pays a separate entity-level tax on excess net passive income and reports it on AR1100PET line 6.source | Enter the tax on AR1100PET line 6 and attach a schedule showing the computation in the worksheet's line 1-11 format.source | The 2025 instructions identify 4.3% as the 2024 rate for this line-6 tax.source | The computation rate and transfer to Form AR1100PET are located at line 11 of the excess-net-passive-income worksheet.source | The line does not apply if the corporation has always been a Subchapter S corporation; the instructions also require all three listed liability conditions.source |
Source: 2 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Vermont | An S corporation subject to section 5914 must pay the annual minimum tax.source | Every S corporation subject to section 5914 must pay the annual minimum tax; no holding-entity carveout is stated.source | The S corporation must file an annual return by the prescribed federal S-corporation return due date.source | The current minimum-tax section reflects an amendment effective May 25, 2016.source | The S corporation minimum tax is located at 32 V.S.A. § 5915.source | No holding- or passive-entity limit beyond the section 5914 scope was stated in the complete current S-corporation subchapter.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Vermont | An S corporation is liable for Vermont income taxes imposed on nonresident shareholders with respect to its income.source | The rule makes the S corporation liable with respect to each nonresident shareholder; no holding-entity carveout is stated.source | The entity must file its annual S-corporation return by the prescribed federal due date.source | The current mandatory-payment section reflects an amendment effective January 1, 2023.source | The nonresident-shareholder payment formula is located at 32 V.S.A. § 5914(c).source | The complete current S-corporation subchapter states no holding- or passive-entity exclusion from subsection 5914(c).source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| California | California imposes a tax on an S corporation's passive investment income attributable to California sources, determined under IRC § 1375, at the § 23151 rate; an LLC is reached only if it is an S corporation.source | An S corporation's passive investment income bears a separate § 23811 tax at the § 23151 rate, and § 23802(e) allows a deduction for that income when computing the S corporation's Chapter 2 or 3 tax.source | S corporations file their Part 11 return by the 15th day of the third month after the close of the taxable year (§ 18601(a), (d)(1)).source | The current text of § 23811 was amended by Stats. 2003, ch. 268, effective January 1, 2004; Chapter 4.5 states no sunset or inoperative date for it.source | The rate is set by reference to R&TC § 23151 under § 23811(b)(1), with a financial-corporation adjustment in (b)(2); the base follows IRC § 1375 as modified.source | The tax is not imposed on an S corporation with no federal excess net passive income; California applies the IRC § 1362(d)(3) passive-income termination rule only if the federal S election is terminated.source |
| Minnesota | Minnesota taxes an S corporation with accumulated C-corporation earnings and profits when passive investment income exceeds 25% of gross receipts.source | A qualifying S corporation pays entity-level tax at the corporate rate on the lesser statutory excess-net-passive-income base.source | An S corporation files a return for each taxable year in which its federal S election is in effect.source | No current sunset or effective period for the S-corporation passive-investment-income tax was stated in the complete chapter 290 capture.source | The imposition, corporate-rate reference, and lesser-of excess-net-passive-income base are in §290.9729, subds. 1-2; no amount is transcribed here.source | The Minnesota tax is waived when the taxpayer receives the corresponding federal §1375(d) waiver.source |
Source: 2 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Massachusetts | Section 38B imposes a gross-income-measured excise on a qualifying financial institution or business corporation classified as a security corporation.source | A qualifying security corporation is outside the general § 39 excise and pays the separate gross-income-measured § 38B excise.source | The corporation applies to the commissioner for security-corporation classification before the taxable year ends; the general Chapter 62C corporate-return rule also applies.source | No special commencement or sunset period was located for the § 38B security-corporation classification or excise in the complete Chapter 63 search.source | The security-corporation gross-income definition and excise measure are located in Chapter 63 §§ 30 and 38B.source | An ownership interest in a related-member REIT is not a security for § 38B; subsection (a) also excludes brokerage activity, DISC securities, and bank holding companies from its stated class.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| Alaska | A person engaging in business in Alaska must first obtain a business license and pay the statutory annual fee.source | The license-fee statute reaches a person engaging in statutory business, and complete Chapter 70 contains no general holding- or passive-entity carve-out.source | A person must apply on the prescribed form, obtain the license, and pay the fee before engaging in business in Alaska.source | No effective or sunset period for the current business-license fee was stated in complete Chapter 70.source | The annual business-license fee is located at AS 43.70.030(a); no amount is transcribed here.source | Chapter 70 exempts the activities of a qualifying educational investment club; that narrow exemption does not state a general holding-LLC exclusion.source |
| Nevada | No person may conduct a business in Nevada without a state business license; a fee accompanies the application, and an annual renewal fee is due with the annual list for entities that file one.source | Reaches entities organized under NRS Title 7 whether or not for profit, and each LLC list declares ch. 76 compliance; no holding or passive carve-out was located; the no-business fee waiver names only natural persons and partnerships.source | An LLC obtains the license when it files its initial or annual list and renews it with each annual list; a person claiming exclusion or exemption applies annually for a certificate of exemption.source | NRS ch. 76 states no effective or sunset date for the state business license or its fee.source | The license fee is set in NRS 76.100(2)(c) and the annual renewal fee in NRS 76.130(1)-(2); penalties are in NRS 76.110, 76.130(4) and 76.180.source | No holding or passive-entity carve-out from the state business license or its fee was located, so no limits of such a carve-out are stated.source |
Source: 2 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
| Jurisdiction | Tax regime | Treatment | Filing rule | Effective period | Base-tax locator | Does not reach |
|---|---|---|---|---|---|---|
| District of Columbia | The unincorporated-business franchise tax applies to every domestic or foreign unincorporated business for current taxable years.source | A qualifying own-account holding activity is excluded from the statutory definition of an unincorporated business, subject to the stated exceptions.source | Chapter 18 does not separately state a filing rule for an activity excluded from the unincorporated-business definition by the own-account carve-out.source | The own-account exclusion applies for tax years beginning after December 31, 2014.source | The unincorporated-business tax rate and minimum-tax provisions are located at D.C. Code § 47-1808.03(a)-(b).source | The own-account exclusion does not cover dealer inventory, ordinary-course lender debt, or non-publicly-traded REIT stock or partnership interests.source |
Source: 1 jurisdictions. Each source link opens the authority for its cell. The page source record lists the capture date and snapshot for every cell.
Field definitions
- Tax regime
- The exact tax-regime field for this state, LLC, and rule variant.
- Treatment
- The exact treatment field for this state, LLC, and rule variant.
- Filing rule
- The exact filing-duty field for this state, LLC, and rule variant.
- Effective period
- The exact effective-period field for this state, LLC, and rule variant.
- Base-tax locator
- The exact base-tax locator for this state, LLC, and rule variant.
- Does not reach
- The exact boundary field for what this state rule variant does not reach.
Where federal classification sits outside this state-rule matrix
This page does not display federal classification fields; federal defaults, elections, owner classifications, and exceptions remain outside the state holding-entity matrix.
Federal classification is separate from state holding-entity rules, and no federal classification table is shown here. A state tax row does not establish a federal default, election, owner-classification boundary, or exception. Those questions require their own cited federal records; the state-rule matrix on this page does not answer them.
What the records do not verify about available cash
None of the cited records verifies bank balances, receivables, distributable cash, debt service, owner draws, runway, liquidity, or retirement readiness.
A tax rule can establish its named treatment, effective period, filing duty, locator, and explicit boundary without establishing any private operating variable. A federal classification can establish a default, election context, owner-classification boundary, or exception without establishing what an account contains. Public-rule evidence and operator-liquidity evidence answer different questions even when both matter on the same date.
The absence of cash variables in these records does not establish that cash is scarce or abundant. It does not show whether an invoice has been paid, whether debt service has cleared, whether funds can be distributed, or whether an owner is ready for financial independence. Each of those conclusions would require separate, current records that measure the relevant variable. The state cells on this page do not supply those records.
A documented obligation can still belong on a decision calendar. The careful conclusion is only that the rule or classification may require review at the cited scope and time. It is not evidence that the operator can satisfy the obligation from current cash, and it cannot supply an amount or timing decision. Keeping that boundary visible prevents a source-backed public rule from becoming an unsupported statement about a private financial position.
What the cited systems retain
Return, account, and agency-record retention are not measured by this dataset.
A filing duty does not establish a retention period. The cited tax and holding-entity records do not say how long a return, account record, or agency record is kept. An effective period describes the scope of a rule statement; it is not a record-retention schedule. A source date describes when evidence was checked; it is not evidence of how long the underlying authority retains a submission.
The same limit applies even when a filing rule is specific. A duty to file, a period in which a rule applies, and the time an authority retains a record are three different facts. Only the first two appear in the cited state and federal records. The third is not measured by this dataset.
Where to read jurisdiction tax context
The tax-regime matrix provides jurisdiction-specific context only; it does not establish operator liquidity, rank jurisdictions, or prescribe a choice.
Use Tax Regimes by Jurisdiction for the headline, territorial or exempt-regime, personal-income-tax, capital-gains, wealth or inheritance, economic-substance, and Pillar Two fields for the named jurisdictions. Those fields remain attached to their own jurisdiction, source date, and field scope. A jurisdiction summary does not fill a missing state holding-entity field or supply a private cash variable.
Havens by Purpose — What Each Jurisdiction Is Known For supplies descriptive jurisdiction context only. Neither contextual route establishes bank balances, receivables, distributable cash, debt service, owner draws, runway, liquidity, or retirement readiness. The links provide the adjacent tax and jurisdiction record; they do not convert those records into an operator cash calculation.
Dates and unknowns require the same field-by-field reading. One jurisdiction or variant cannot fill another row's unknown, and the oldest checked date among displayed facts controls the page's visible freshness label. A newer field in one row does not refresh an older field elsewhere. A jurisdiction-context date does not refresh a state tax rule. Each fact keeps its own citation boundary.
An unknown treatment field cannot be replaced with the filing rule from the same row. An unknown for one state cannot be filled with another state's rule, and an unknown for one variant cannot be filled with a similarly named variant. An unknown stays unknown. A tax-regime summary is not a state holding-entity filing rule.
How to read Unknown
- Unknown: Verified absence
- The captured authority was searched and shows no such rule or filing. No value is printed because the absence is the finding. The reason and the authority are printed beside the badge.
- Unknown: Not yet verified
- The captured sources did not settle this field yet. No value is printed, not even an earlier one. The reason is printed beside the badge, and an authority is linked only when one was supplied.
Frequently asked questions
Do public entity and tax records show how much cash a business owner can use?
No. The cited records establish only their named rules, classifications, periods, filing duties, and boundary fields; they do not measure available cash.
Does a filing duty establish how long a return or account record is retained?
No. Return, account, and agency-record retention are not measured by this dataset, and a filing duty is not a retention period.
Can an unknown field be filled from another state or rule variant?
No. Each unknown remains attached to its own jurisdiction, entity type, field, and variant until that exact field has supporting evidence.
What can the constraint map establish?
It can organize source-backed rule scope, treatment, effective period, filing duty, locator, boundary, and classification facts without calculating private operating variables.