Tuesday, February 26, 2013

States That Rely The Most/Least On Corporate Income Tax Revenue

One factor a business will consider when locating/relocating to a particular state is whether or not a state's tax policies are favorable for business growth. One aspect of this evaluation is the share of revenue a state derives from corporations. The Tax Foundation recently prepared a summary by state on the importance a state places on various revenue sources. Below is a map of corporate tax revenue as a percentage of all state/local tax revenue. Also included in the Tax Foundation report is a similar breakdown on property tax revenue, sales tax revenue and personal income tax revenue.

From The Blog of HORAN Capital Advisors

With all the discussion about the need for more revenues by government entities, companies are likely to pay a great deal more attention to individual state tax policies.

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