Texas Register, Volume 3, Number 1, Pages 1-31, January 3, 1978 Page: 23
This periodical is part of the collection entitled: Texas Register and was provided to The Portal to Texas History by the UNT Libraries Government Documents Department.
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23
, When all forms of taxation are taken together, excluding
S severance taxes, Texas has the second lowest per capita tax
burden among the fifty states. ,Among sunbelt states, in-
dustrial states and states without an income tax, Texas' per
capita tax burden is lowest. (See Table 1.): w *
Comptroller of Public
Accounts
Study of Texas Business ClimateEditor's note: The following information and tables are ex-
cerpts from a brochure published by the Office of the Comp-
troller of Public Accounts in December, 1977. The brochure
is entitled "Texas Means Business!" and subtitled "A Study
of Fiscal Responsibility in Texas as Compared to Other
States." The purpose of the brochure is to attract more tax-
paying businesses into Texas. The publication ranks the
state number one in the nation in-favorable business climate
and reviews the state's financial and tax situation.
Texas ranks number one in the nation in favorable "business
climate." This conclusion is based on a fifty state study of
taxes most commonly paid by businesses and certain other
factors.
Texas' top ranking is substantiated by the Fantus Company,
an industrial relocation consulting firm: In their 1975 report
Ranking of the States by Business Climate, the Fantus Com-
pany ranked Texas above all other states in terms of taxes,
laws, and regulations which are attractive to business.
Texas' favorable ranking is largely the result of low taxes on
business. Of those taxes most commonly paid by.business,
either directly or indirectly through higher salaries to com-
pensate for high tax rates, Texas has the lowest overall rates
in the nation.
Texas' position with regard to the most significant taxes
affecting business is reflected below:Tax
Corporate Income Tax
Personal Income tax
Sales and Use Tax
Property Taxes
Motor Fuels Taxes
Unemployment Insurance Tax.Texas' Position
No tax imposed
No tax imposed
State rate of 4',equal to US.
average
Low. $50per capita below US.
average
SLowest rate in nation
Lowest average rate in nationPLR CAPITA TAX BURDEN
BY STATE, 1976
All State Taxes Excluding Severance Tax
Amount
Alaska $1,494
Hawaii , . 721. Di lawar
" Minneola
Ncw York
Wi'consill
Waishinlgton
(.Olilunia
M.i....
Nevada
Ncv yld.'.
WAet Virginia
"Pknilylvainia
Noith i)akota.
Illinois
Rhi'dc Island
New Mexico
Mi'higan .
U,.. A VEAGE
Cnncct ictei
Idahot
0 '" nn616
545
541
525
501
500
496'
482.
.473 .
470
455
448
432.
431
427
'426
419
418
417
413
.408
405
395
390atnjcky 383
LI6 , " . 377
N Cith (arolina 377
C lado 3. ..372
k. iiai's .369
South Carolina . 366
Virginia . 362
Indiana 361
Mississippi 361
IIl.rida . . : .343'.
A'ansas 340
c"orgia.s 338
Alabhania 336
Montana 327.
N r"uk a . .314
New lersey . 312 .
Ohio 309
Oklahoma 307
Missou'ri . 302
lennesse 301
I 4)LisiaJflJ286
.Soth D lakota 280
1LX AS 273
New Ilampshire 223
Source U.S.urA u old ihoCinsus Natea Thr CUith'm' win IM97.
J snwarvr I977. PP.7?-and 11.Volume 3, Number 1, January 3. 1978 ..
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Texas. Secretary of State. Texas Register, Volume 3, Number 1, Pages 1-31, January 3, 1978, periodical, January 3, 1978; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth252884/m1/23/?q=%22%22~1: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.