What is the tax rate for corporations?

In Arizona, the tax rate for corporations is 6.968%. This rate applies to all corporations organized in Arizona or doing business in Arizona, as well as to corporations organized in other states but deriving income from Arizona sources. This rate is calculated by taking the amount of taxable income divided by the total income received. The taxable income is determined by subtracting any deductions from the total income. Additionally, Arizona has recently adopted the Streamlined Sales Tax (SST) to allow for uniform sales taxes across all states. This tax applies to any corporation doing business in Arizona, as well as any corporation making sales in Arizona. The SST rate is 5.6%, and it does not apply to services. For the 2017 tax year, the combined rate for corporations of 6.968% was the fifth highest in the United States. The Arizona Department of Revenue is responsible for collecting all taxes in the state, including those from corporations. In conclusion, the tax rate for corporations in Arizona is 6.968%, and this rate applies to all corporations organized in Arizona or doing business in Arizona. This rate is calculated by taking the amount of taxable income divided by the total income received. Additionally, the state has recently adopted the Streamlined Sales Tax (SST) with a rate of 5.6%, which applies to any corporation doing business in Arizona or making sales in Arizona.

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What is the tax rate for corporations?

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