The ENPI tax is not deductible to the corporation for purposes of computing. its franchise or income tax at 2.5% / 1.5% (R&TC Â§24345). R&TC Â§23802(e) provides for the deduction of the ENPI for purposes of computing the. franchise or income S corporation tax at 2.5% / 1.5%.
Ottumwa, IA. Online Offers. Ottumwa ( /ÉtÊmwÉ/ É-tum-wÉ) is a city in and the county seat of Wapello County, Iowa, United States. The population was 24,998 at the 2000 census. It is located in the southeastern part of Iowa, and the city is split into northern and southern halves by the Des Moines River. The young town was severely damaged during the Flood of 1851. In 1857, coal was being mined from the McCready bank, a site along Bear Creek four miles west of Ottumwa.
Ottumwa is mentioned 249 times on our forum: Latest news from Ottumwa, IA collected exclusively by city-data.com from local newspapers, TV, and radio stations. Ancestries: German (19.0%), Irish (14.0%), English (9.5%), United States (9.4%), Dutch (5.1%), French (2.6%).