California corporate tax rate as of 19 September 09 is broken down into five entity types. The tax rate for corporations and other than banks is 8.84%, for banks the rate is 10.84%, alternative minimum tax is 6.65%, S corporation rate is 1.5% and S corporation band and financial rate is 3.5%. Each taxpayer is given an identification number, or EDD. This number is required for all businesses to
. be conducted. For more information you can visit: http://www.ftb.ca.gov/forms/catxrate_exmpt07.shtml.
