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Home / Ohio has Third-Lowest Tax Burden for New Business InvestmentsOhio has Third-Lowest Tax Burden for New Business Investments
Last Updated on Thursday, 28 April 2011 01:40 Written by rslcpol Thursday, 28 April 2011 01:40
From Dayton Daily News:
Only two states – Maine and Oregon – have lower tax burdens for new business investments than Ohio, according to a new study released by the Council on State Taxation, a business-backed group, in conjunction with Ernst & Young, the professional services firm.
“Competitiveness of State and Local Taxes on New Investment” found that Ohio has an effective tax rate of 4.4 percent on new investment, lower than all states and the District of Columbia, except Oregon, with a 3.8 percent rate, and Maine, with a 3.0 percent rate, the lowest nationally.