(a) The tax imposed by this article shall be based upon corporate net worth according to the following table:
Corporations with Net Worth AmountIncluding Issued Capital Stock, of TaxPaid-in Surplus, and Earned Surplus ----------------------------------- ------Not exceeding $10,000.00 $ 10.00Over $10,000.00 and not exceeding $25,000.00 20.00Over $25,000.00 and not exceeding $40,000.00 40.00Over $40,000.00 and not exceeding $60,000.00 60.00Over $60,000.00 and not exceeding $80,000.00 75.00Over $80,000.00 and not exceeding $100,000.00 100.00Over $100,000.00 and not exceeding $150,000.00 125.00Over $150,000.00 and not exceeding $200,000.00 150.00Over $200,000.00 and not exceeding $300,000.00 200.00Over $300,000.00 and not exceeding $500,000.00 250.00Over $500,000.00 and not exceeding $750,000.00 300.00Over $750,000.00 and not exceeding $1,000,000.00 500.00Over $1,000,000.00 and not exceeding $2,000,000.00 750.00Over $2,000,000.00 and not exceeding $4,000,000.00 1,000.00Over $4,000,000.00 and not exceeding $6,000,000.00 1,250.00Over $6,000,000.00 and not exceeding $8,000,000.00 1,500.00Over $8,000,000.00 and not exceeding $10,000,000.00 1,750.00Over $10,000,000.00 and not exceeding $12,000,000.00 2,000.00Over $12,000,000.00 and not exceeding $14,000,000.00 2,500.00Over $14,000,000.00 and not exceeding $16,000,000.00 3,000.00Over $16,000,000.00 and not exceeding $18,000,000.00 3,500.00Over $18,000,000.00 and not exceeding $20,000,000.00 4,000.00Over $20,000,000.00 and not exceeding $22,000,000.00 4,500.00Over $22,000,000.00 5,000.00
(b) With respect to any corporation coming into existence or becoming subject to the tax for the first time for an initial taxable period of less than six months, the tax imposed for such period shall be 50 percent of the tax imposed by this article for an entire year.
Section: Previous 48-13-70 48-13-71 48-13-72 48-13-73 48-13-74 48-13-75 48-13-76 48-13-77 48-13-78 48-13-79 NextLast modified: October 14, 2016