On Dec 26, 2:18*pm, nearly_bl...[at]yahoo.com wrote:
- quote -


Echoing Alan: Alabama, Iowa, Louisiana, and Missouri are the only
states that allow corporations a deduction for federal income taxes.
South Dakota does also, but the SD corporate tax applies only to banks
and financial corporations, not to general business corporations.

Kansas allowed a federal income tax deduction before 1971. Arizona
allowed it also; I don't remember when that was repealed, but it was
more recently, within the last 20 years I think.

And Massachusetts never has allowed the deduction as far as I know.

Katie in San Diego

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nearly_blind[at]yahoo.com wrote:
- quote -

allowed a deduction for federal taxes paid on the corporate
return. I believe they do the same thing for the personal income
tax.

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I understand that state tax payments generally reduce US corporate
taxable income 1:1. I would like to confirm that no state (or at
least for Massachusetts) allows the deduction of US taxes/estimated
taxes paid in the computation of state( MA) corporate taxable income.
If it matters, this is a C corporation using CASH accounting.

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >