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.
Tuesday â Friday 10:00am â 4:00pm. History of the Wapello County Historical Society. The Wapello County Historical Society was organized October 14, 1959. The Grand Opening at the present location at 210 W. Main St., Ottumwa, Iowa, was held June 11, 1988. As there was no elevator to the second floor, $55,000 was raised within a year and an elevator was in operation by September of 1989.