| If Form IT-150 line 26 or Form IT-201 line 38 is: |
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| Over | But Not Over | The tax is: | |||||
|
|
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| $ 0- | $16,000 | 4 % | of Form IT-150 line 26 or Form IT-201 line 38 |
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| 16,000- | 22,000 | $ 640 plus | 4.5% | of the excess over $16,000 | |||
| 22,000- | 26,000 | 910 plus | 5.25% | of the excess over 22,000 | |||
| 26,000- | 40,000 | 1,120 plus | 5.9% | of the excess over 26,000 | |||
| 40,000- | 150,000 | 1,946 plus | 6.85% | of the excess over 40,000 | |||
| 150,000- | 500,000 | 9,481 plus | 7.25% | of the excess over 150,000 | |||
| 500,000- | …….. | 34,856 plus | 7.7% | of the excess over 500,000 | |||
