Lane County, Oregon Jan 07, 2009
Oregon among top 10 states with best business tax climates
October 7th, 2008
Published: 482865 Oct 7, 2008 06:00AM Oct 7, 2008 09:12AM
Oregon again ranked ninth in the nation in the Tax Foundation’s 2009 State Business Tax Climate Index. California inched past New Jersey and New York for 48th place.
The rankings are for the 2009 fiscal year that began July 1.
The nonprofit, nonpartisan Tax Foundation, which is based in Washington, D.C., has been examining government fiscal policies since 1937. For the past six fiscal years, the group has published an annual index ranking states based on the taxes that matter most to business: corporate tax, individual income tax, sales tax, unemployment tax and property tax.
Oregon consistently has made the top 10 — largely because the state charges no sales tax.
“It is obvious that the absence of a major tax is a dominant factory in vaulting (those) 10 states to the top of the rankings, wrote Joshua Barro, a foundation staff economist and author of the index.
Wyoming, Nevada and South Dakota have no corporate or individual income tax. Alaska has no individual income tax or state-level sales tax. Florida and Texas have no individual income tax; and New Hampshire, Delaware, Oregon and Montana have no sales tax.
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