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Believe it or not - California's business tax burden matches the national average.

A study by the Council on State Taxation found that, contrary to popular belief, the tax burden on California businesses is no heavier than the national average. 

 

In fact, California's business tax rate of 4.7% is much lower than Alaska's (13.8%) and beats New York (5.5%) and Florida (5.3%). Even Texas, known for being business-friendly, has a higher business tax rate (4.9%).

 

Although California's corporate income tax rate is on the higher end, the rate is offset by various tax credits such as one of the most generous R&D credits in the nation.  Most tax returns with R&D claims are filed by small- and medium-sized businesses

 

See if your business tax bite can be lowered by these tax credits.

           

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