Code Section
79-32, 110, et seq.

Who is Required to File
Resident and nonresidents, estates, trusts and fiduciaries; Partnerships and S corporations are not taxable

Rate
First $30,000, 3.5%; Next $30,000, 6.25%; Over $60,000, 6.45%

Federal Income Tax Deduction
No

Federal Income used as Basis
Yes