Texas’ Business Tax Climate Worsens in Latest Report Indicating Need for Tax Reform in the 2017 Legislative Session
Today, the Tax Foundation released the 2017 State Business Tax Climate Index report that scores states based on their corporate income tax, individual income tax, sales tax, unemployment insurance, and property tax and ranks them accordingly. The report notes that although the Texas Legislature helped improve the state’s overall ranking by lowering the business franchise tax last session, the state’s ranking declined “due to a relative decline on property tax rank.” The Texas Public Policy Foundation’s Economist Dr. Vance Ginn and Director of the Center for Local Governance James Quintero issued the following statement:
Press Release September 28, 2016