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Minnesota
Corporate Income Tax Rate at a Glance
Minnesota's top corporate income tax rate is 9.8%, applied as a flat rate. This places Minnesota in the "High (8% or higher)" tier among U.S. states.
Rate Structure (Flat vs. Graduated)
9.8% flat corporate franchise tax rate, the highest top corporate rate among states with a corporate income tax.
Franchise Tax / Annual Privilege Tax
Minnesota's corporate income tax is technically called a 'corporate franchise tax.' A separate minimum fee ranging from $0 to $11,860 also applies based on Minnesota property, payroll, and sales.
S-Corp & Pass-Through Treatment
Minnesota recognizes federal S-corp election. Pass-through entities may elect to pay tax at the entity level under Minnesota's PTE election (Section 289A.08, as added by 2021 reform), at the highest individual rate of 9.85%.
Official State Revenue Department
For current corporate tax rules in Minnesota, consult the state's official source at https://www.revenue.state.mn.us/corporation-franchise-tax. Rates and rules change annually — verify with a qualified tax professional before taking any action.
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Moving to Minnesota from elsewhere · Corporate Tax
Corporate income tax rates change frequently as states enact reform packages and phase-down schedules. Always verify current rates with the state's department of revenue and your tax advisor before making business decisions. This information is for educational purposes only and is not tax or legal advice.