Texas Named Tops for Best States for Business

Created Friday, 30 April 2010 17:05

In Case You Missed It: Texas Named One of Best States for Small Business and Entrepreneurship

April 30, 2010

AUSTIN – The Small Business and Entrepreneurship Council has ranked Texas as one of the best states for small business and entrepreneurs in their Business Tax Index 2010: Best to Worst State Tax Systems for Entrepreneurship and Small Business report. Texas is ranked second in the index based on the cost of the state tax system on small businesses.

“Here in the Lone Star State, we have developed an environment that encourages entrepreneurs to pursue their dreams of small business ownership, further strengthening our economy and creating jobs for Texans,” Gov. Perry said. “Thanks to our low taxes, reasonable and predictable regulatory environment and skilled and educated workforce, businesses continue to look to Texas as a place for growth and prosperity.”

The report analyzes and combines 16 different tax measures into one tax score for the 50 states and District of Columbia, including income, capital gains, property, death/inheritance, unemployment taxes, and various consumption-based taxes, such as state gas and diesel levies.

“Taxes at the state and local levels matter by diverting resources from and reducing incentives for productive, private-sector risk taking that generates innovation, growth and jobs,” Raymond J. Keating, chief economist for SBE Council and author of the report, said. “Quite simply, economic recovery will be restrained by high or increasing taxes, or boosted by low or falling taxes. Governors and legislators have a choice.”

The SBE Council is a nonpartisan, nonprofit small business advocacy organization that works to protect small business and promote entrepreneurship. For more information about the index or to view the full report, please visit http://www.sbecouncil.org/businesstaxindex2010/.

 

 

Key Points


  • The Small Business and Entrepreneurship Council has ranked Texas as one of the best states for small business and entrepreneurs in their Business Tax Index 2010:
  • Best to Worst State Tax Systems for Entrepreneurship and Small Business report. Texas is ranked second in the index based on the cost of the state tax system on small businesses.

 

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