State Partnership Tax Summary

No.State LLC Tax/Fee Nonresident Withholding Filing Requirements Comments
1Alabama Business Privilege Tax Yes; 3-4% on sales of real property by nonresidents LLCs file form PPT by April 15th;6 month extension BPT is 0.00100% < $200k; 0.00125% < $500k; $100 minimum
2Alaska No only for corps No LLCs file form 6900 (if entity partner) by May 15th; 5 month extension No individual income tax but does have corp tax
3Arizona No No LLCs taxed as partnerships file form 165 by April 15th; 5 month extension Individual tax rate of 2.59% to 4.54%
4Arkansas LLC Franchise Tax of $150 No LLCs taxed as partnerships file form AR1050 by April 15th; 5 month extension Franchise tax is filed and paid with SOS and not AR1050
5California Annual Tax of $800 plus LLC fee Partnerships must withhold 7% on "distributions" to domestic nonresident partners when distributions > $1500 LLCs filing as partnerships file Form 568 by April 15th; 6 month extension LLC tax rate from $0 to $11790 based on CA income
6Colorado No Yes LLCs filing as partnerships must file DR0107 by April 15th; 6 month extension Entity must ensure that partners pay tax thru WH; composite filing or partner consent; rate of 4.63%
7Connecticut Business Entity Tax of $250 a year Yes -required for nonresident noncorporate member where the member’s pro rata share of the income is > $1000 at a 6.7% rate LLCs filing as partnerships must file CT-1065 by April 15th; 5 month extension Also controlling interest entity transfer tax of 1.11%
8Delaware Gross receipts tax No Partnerships must file form 300 by April 30th; extension through Sept 15th Lessors pay 0.3017% of rents
9Florida No No Only LLCs as partnerships with a corp partner file form F-1065 If no corp partner then no need to file
10Georgia Partnerships are not subject to Net Worth Tax WH rate of 4% if share of taxable income is > $1000 LLCs taxed as partnerships file Form 700 by April 15th As an alternative to WH the partnership may file a composite return for NR partners
11Hawaii Excise tax (gross receipts tax) No LLCs taxed as partnerships file Form N-20 by April 20th; 6 month extension (must file state extension) Rate of 4.0%
12Idaho Corporate tax rate Yes but can file composite return or partner consent LLCs filing as partnerships must file Form 65 by April 15th; 6 month extension Rate of 7.60%
13Illinois Personal Property Replacement Tax of 1.5% of net income Yes LLCs filing as partnerships must file Form IL-1065 by April 15th; 6 month extension Can file a composite return
14Indiana Can have sales/use Yes LLCs filing as partnerships must file Form IT-65 by April 15th Must file composite return for nonresidents
15Iowa No Yes – 5 percent withholding on nonresident unless certificate of release LLCs filing as partnerships must file Form IA 1065 by April 30th; 6 month extension Personal tax rate of 6.0% to 12%
16Kansas No No 3.5% to 6.45%
17Kentucky No No personal tax rate of 2% to 6%
18Louisiana LLCs not taxed as Corps are not subject to Franchise Tax No personal tax rate of 2% to 6%
19Maine No Yes Personal tax rate of 2% to 6%
20Maryland No Yes 6.75% for nonresident individuals and 8.25% for nonresident entity members
21Massachusetts No Yes 5.3% over $8000
22Michigan No Yes Personal tax rate of 4.35%
23Minnesota No No Rates from 5.35% to 7.85%; nonresident $9000 gross inc exemption
24Mississippi Income Tax and Franchise (Privilege) Tax No Personal tax rates of 3% to 5%; Franchise Tax of .25% of the book value of capital employed in the state.
25Missouri Franchise (Privilege) Tax Yes Personal tax rate of 6%; Franchise Tax of 0.000333% (1/30 of 1%) of capital assets per year apportioned to MO if exceeding $1m.
26Montana No Yes Rates up to 6.9%
27Nebraska No Yes Non-resident rate of 6.84%
28Nevada No No No individual state taxes or LLC filing fees
29New Hampshire Business Profits Tax No Tax of 8.5%
30New Jersey $150 per member filing fee Yes 6.37% for nonresident non-corp members; 9% for Corp members
31New Mexico $50 LLC Franchise Tax Yes 4.90% for nonresident members
32New York No Yes Personal tax rates of 6.45% to 8.82%
33North Carolina LLC Franchise Tax Yes Franchise Tax of $1.50/per $1000 of capital stock or tax base; tax base is 55% of appraised ad valorem tax value.
34North Dakota No Yes 3.99% tax rate for non-residents
35Ohio Commercial Activity Tax (CAT) No CAT of 0.26% of Gross receipts > $150000/year
36Oklahoma Business Activity Tax (BAT) No BAT is $25.00/year; if company files tax for members; corp rate = 6.0%
37Oregon Minimum Partnership Tax (MPT) Yes MPT is $150/year; Income Tax of 9% > $5000 and 9.9% > $125000
38Pennsylvania Capital Stock and Foreign Franchise Tax No Franchise Tax of 0.289% on Net Worth; partnerships can deduct distributions to members; tax rate of 3.07% for members
39Rhode Island Minimum Partnership Tax Yes Minimum Annual Charge = $500/yr; personal income tax of 3.75% to 5.99%
40South Carolina No No Income Tax of 3% to 7%
41South Dakota No No No individual income taxes or LLC fees
42Tennessee Franchise & Excise Tax No Franchise Tax is 0.25% of net worth; net worth of rental property = NOI x 8; Excise Tax of 6.5% of taxable income
43Texas Business Privilege Tax No 0.575% < $10m revenue
44Utah Franchise Tax No Franchise Tax is 5% of net income
45Vermont No Yes Personal tax rates of 3.55% to 8.95%
46Virginia No Yes Personal tax rate of 2.0% to 5.75%
47Washington Sale or Rental of Real Estate is exempt from the B&O Tax No
48West Virginia Business Franchise Tax Yes Franchise Tax is 0.70% of net equity; income tax of 3% to 6.5%
49Wisconsin No Yes 7.75% > $2000
50Wyoming No No No individual state tax or LLC fees