| 21. | Toronto levied personal income taxes until 1936, and corporate income taxes until 1944.
|
| 22. | The applicable rate of corporate income tax is assumed to be 35 %.
|
| 23. | Under federal tax regulations, a nonprofit group is exempt from corporate income taxes.
|
| 24. | Corporate income taxes : $ 207 billion, 10 . 2 percent
|
| 25. | A decline in corporate profits leads to an erosion of corporate income tax revenues.
|
| 26. | Hull's proposal would cut the corporate income tax rate to 8 . 5 percent.
|
| 27. | The corporate income tax now accounts for about 7 percent of state tax collections.
|
| 28. | The rest are corporate income tax and transaction privilege taxes.
|
| 29. | Colorado has 4 . 63 percent corporate income tax rate.
|
| 30. | A new provision of tax law permanently exempts partnerships from regular corporate income tax.
|
