| If Form IT-150 line 26 or Form IT-201 line 38 is: |
|||||||
| Over | But Not Over | The tax is: | |||||
|
|
|||||||
| $ 0- | $11,000 | 4 % | of Form IT-150 line 26 or Form IT-201 line 38 |
||||
| 11,000- | 15,000 | $ 440 plus | 4.5% | of the excess over $11,000 | |||
| 15,000- | 17,000 | 620 plus | 5.25% | of the excess over 15,000 | |||
| 17,000- | 30,000 | 725 plus | 5.9% | of the excess over 17,000 | |||
| 30,000- | 125,000 | 1,492 plus | 6.85% | of the excess over 30,000 | |||
| 125,000- | 500,000 | 8,000 plus | 7.25% | of the excess over 125,000 | |||
| 500,000- | …….. | 35,187 plus | 7.7% | of the excess over 500,000 | |||
