Yea! Ohio Ranks 46th in Tax Foundation’s Business Tax Report
Wednesday, October 10th, 2007 By David Hansen
The Tax Foundation’s annual report on business taxation appears to find that the HB 66 tax shift plan so vigorously touted by the outgoing GOP leadership is working: Ohio is now ranked 46th in the nation, up from its 49th ranking last year. Wow! Will wonders never cease?
Seriously, I’ll need to check with Tax Foundation author Chris Atkins about the degree his report captures the phase-in of HB 66’s shift from the corporate franchise and tangible property taxes to the new commercial activity. I think a large part of it is already reflected in this latest report.
If it is, it is yet another confirmation of the fact that the HB 66 tax changes are insufficient to move Ohio out of the bottom 10 states for business taxation, let alone return the state to above-average growth and prosperity.
Can we please put HB 66 behind us and start talking about real tax reform?
Tags: Taxes
