Section 57-38-30 - Imposition and rate of tax on corporationsA tax is hereby imposed upon the taxable income of every domestic and foreign corporation which must be levied, collected, and paid annually as in this chapter provided:
1. For the first twenty-five thousand dollars of taxable income, at the rate of one and forty-one hundredths percent.2. On all taxable income exceeding twenty-five thousand dollars and not exceeding fifty thousand dollars, at the rate of three and fifty-five hundredths percent.3. On all taxable income exceeding fifty thousand dollars, at the rate of four and thirty-one hundredths percent.Amended by S.L. 2015, ch. 447 (SB 2349),§ 1, eff. 1/1/2015.Amended by S.L. 2013, ch. 451 (SB 2156),§ 3, eff. 1/1/2013.Amended by S.L. 2011, ch. 54 (HB 1039),§ 9, eff. 8/1/2011.