State

Tax Rate

Federal Income as Base

Federal Income Tax Deductible

Own State Income Tax Deductible

Apportionment Factor (see note 1)

Alabama

5.0%

yes

yes

no

3

Arkansas

1.0-6.5%

no

no

no

4

Florida

5.5%

yes

no

no

4

Georgia

6.0%

yes

no

yes

4

LOUISIANA

4.0-8.0%

yes

yes

no

3 (see note 2)

Mississippi

3.0-5.0

yes

no

no

varies

North Carolina

6.9%

yes

no

no

4

Oklahoma

6.0%

yes

no

no

3

South Carolina

5.0%

yes

no

no

3

Tennessee

6.0%

yes

no

no

4

Texas

See Franchise Tax

n/a

n/a

n/a

n/a

Virginia

6.0%

yes

no

no

4