Public Policy Institute of New York State, Inc. The Public Policy Institute of New York State, Inc.

Just the Facts - Key Economic and Social Indicators for New York State

Business taxes as percentage of private-sector gross state product, 2004

Rank
State
Eff. Tax Rate
(% of private-sector GSP)
State and Local
Business Taxes
1 Wyoming 9.1% $1,700
2 Alaska 7.6% 1,900
3 West Virginia 6.5% 2,500
4 North Dakota 6.2% 1,100
5 Louisiana 6.0% 7,200
6 New Mexico 5.9% 2,700
7 Maine 5.8% 2,000
8 Texas 5.8% 41,500
9 Mississippi 5.7% 3,400
10 NEW YORK 5.7% $42,000
11 Washington 5.7% 11,900
12 Montana 5.4% 1,100
13 Oklahoma 5.4% 4,400
14 Kansas 5.3% 4,200
15 South Dakota 5.3% 1,200
16 Hawaii 5.2% 1,900
17 Nebraska 5.2% 2,900
18 New Hampshire 5.1% 2,300
19 Florida 5.0% 24,300
20 Rhode Island 5.0% 1,700
21 Vermont 5.0% 900
22 Illinois 4.8% 21,700
23 Arizona 4.7% 7,400
24 California 4.5% 57,100
25 Minnesota 4.5% 8,600
26 Nevada 4.5% 3,500
27 Ohio 4.5% 16,000
28 Pennsylvania 4.5% 18,200
29 Tennessee 4.5% 8,000
30 Wisconsin 4.5% 8,000
31 Iowa 4.4% 4,000
32 Maryland 4.4% 7,700
33 Indiana 4.3% 8,400
34 Michigan 4.3% 14,000
35 New Jersey 4.3% 15,400
36 South Carolina 4.3% 4,600
37 Arkansas 4.2% 2,800
38 Idaho 4.2% 1,400
39 Kentucky 4.2% 4,600
40 Alabama 4.0% 4,400
41 Massachusetts 3.9% 10,500
42 Colorado 3.8% 6,300
43 Connecticut 3.8% 6,000
44 Georgia 3.8% 10,500
45 Missouri 3.8% 6,500
46 Oregon 3.7% 3,900
47 Utah 3.7% 2,400
48 Virginia 3.6% 9,000
49 Delaware 3.5% 1,600
50 North Carolina 3.5% 9,600
United States 4.7% $447,300
New York state percent above average: 21.3%
Source:Council on State Taxation 2005 study of state and local business taxes