Iowa D NO NO NO YES

Kansas B 10% NO NO YES

Kentucky B YES YES YES YES

Louisiana C 10% YES NO NO

Maine B NO NO NO NO

Maryland D YES YES NO NO

Massachusetts B 5% YES NO YES

Michigan D YES YES NO NO

Minnesota A 20% YES NO YES

Mississippi A YES YES NO NO

Missouri F NO YES NO NO

Montana B YES YES YES NO

Nebraska C NO YES NO NO

Nevada F NO NO NO NO

New Hampshire B NO NO NO NO

New Jersey D NO YES NO NO

New Mexico B NO YES NO NO

New York B YES YES YES YES

N. Carolina A YES NO YES NO

N. Dakota A NO NO YES NO

Ohio B NO YES YES YES

Oklahoma B NO NO NO NO

Oregon C NO YES NO NO

Pennsylvania C YES YES YES NO

Rhode Island D NO NO YES YES

S. Carolina B NO NO NO NO

S. Dakota B NO NO NO NO

Tennessee B NO YES YES NO

Texas A 10% YES YES NO

Utah C NO YES NO NO

Vermont C NO YES NO NO

Virginia C NO YES NO NO

Washington C YES YES NO NO

W. Virginia F NO YES YES YES

Wisconsin B YES NO YES YES

Wyoming C NO NO NO NO

n1 grade based on total points accumulated in 5 categories; taxes, capital, labor, small business support, and energy.

n2 1980 per capita data (Bureau of the Census); unempl, is % of total payroll employer pays in unemployment tax (U.S. Employment & Training Admin.);

n3 Key: C-corporate income, P-personal income, E-excise, L-land/capital improvements, M-machinery/equip., I-manufacturer's inventory, N-new equip. sale/use tax, R-tax exemption to encourage R&D (Site Selection Handbook, Conway Publications Inc., Atlanta, Ga.).

n4 1980 Small Business Investment Company financing, 100=balance between share of SBIC financing and state economic activity (Small Business Administration); Small issue Industrial Revenue Bonds (Congressional Budget Office); general obligation bonds (Conway Publications); 1980 state loans (Directory of State Small Business Programs, Office of Chief Counsel for Advocacy, SBA).

n5 total commercial & industrial loans as % of total bank assets (FDIC);

n6 1980 unemployment rate, seasonally adjusted (U.S. Bureau of Labor Statistics); % unionization (Directory of National Unions and Employee Assns., BLS); average hourly wage & Fringe benefits for selected manufacturing (U.S. Dept. of Labor).

n7 state government's commitment to small business programs; % procurement indicates percent of state purchases awarded small business (SBA).

n8 10-yr. credit for new business, based on jobs investment;

n9 state does not tax personal income; Nevada, Texas, Washington, and Wyoming also do not tax corporate income;

n10 equip. acquired after 1973 exempt from local prop. tax;

n11 does not levy excise tax;

n12 inventory items assessed at 10% of just valuation;

n13 available in Cook County;

n14 phased, fully exempt 1984;

n15 10-yr. partial prop. tax abatement in urban areas;

n16 finished goods destined out of state;

n17 50% of federal tax paid;

n18 5-yr. abatement of land & equip.

n19 tangible property taxed at 1.3% of half its cost; tax repealed for equip. bought after 1/1/77;

n20 first $58,500 of assessed taxable value of pers. prop.;

n21 10-yr. exemption on IRB-financed property;

n22 applies to goods stored in licensed warehouse, provided at least 35% of prior year sales were shipped out of state;

n23 local level only;

n24 capital improvements only;

n25 includes R&D equip.;

n26 local option in redevelopment areas;

n27 pollution equip. only;

n28 detachable tools & equip. with useful life up to 1 yr.;

n29 1% credit based on wages, for first 3 yrs., to selected new industries;

n30 all inventories reduced to 4% of market value;

n31 no sale/use tax;

n32 up to 10-yr. credit under job incentive program;

n33 credit equal to 4% of qualified capital invested in new equip./facilities with useful life of 4 yrs. or more;

n34 personal property;

n35 1% preferential rate on new equip., max. $80/article;

n36 new construction only;

n37 credits to manufacturers & processors for prop. taxes paid on goods in process;

n38 sale/use tax excluded on items used in industrial production & research;

n39 tangible personal prop. excluded from local tax;

n40 7-yr. annexation or deannexation exemption;

n41 credit for sales tax paid on energy.

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