Tax on corporations.

(a) [Repealed, § 10 ch 1 SSSLA 1980.] (b) [Repealed, § 10 ch 1 SSSLA 1980.] (c) [Repealed, § 10 ch 1 SSSLA 1980.] (d) [Repealed, § 10 ch 1 SSSLA 1980.] (e) There is imposed for each taxable year upon the entire taxable income of every corporation derived from sources within the state a tax computed as follows: If the taxable income is:Then the tax is: Less than $25,000zero $25,000 but less than $49,0002 percent of the taxable income over $25,000 $49,000 but less than $74,000$480 plus 3 percent of the taxable income over $49,000 $74,000 but less than $99,000$1,230 plus 4 percent of the taxable income over $74,000 $99,000 but less than $124,000$2,230 plus 5 percent of the taxable income over $99,000 $124,000 but less than $148,000$3,480 plus 6 percent of the taxable income over $124,000 $148,000 but less than $173,000$4,920 plus 7 percent of the taxable income over $148,000 $173,000 but less than $198,000$6,670 plus 8 percent of the taxable income over $173,000 $198,000 but less than $222,000$8,670 plus 9 percent of the taxable income over $198,000 $222,000 or more$10,830 plus 9.4 percent of the taxable income over $222,000.

(f) [Repealed, § 10 ch 1 SSSLA 1980.]