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action salesExempt Organization Types. Organizations organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, educational, or other specified purposes and that meet certain other requirements are tax exempt under Internal Revenue Code Section 501 (c) (3). Churches and religious organizations, like …See “Alternative minimum tax,” below. Rate – The corporate tax rate is 29% for the 2020 tax year and is imposed on the net taxable income of a company. Small companies, however, are taxed at a 23% rate that gradually will be reduced by 1% annually until tax year 2023. Surtax – There is no surtax. Business Profile for Tax 29, Inc. Tax Return Preparation. At-a-glance. Contact Information. 1313 Boardman Poland Rd. Poland, OH 44514-1935. Get Directions. Visit Website (330) 758-0233. 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