Texas's 2013 Business Tax Climate Index Ranks 9

Texas's 2013 Business Tax Climate Index Ranks 9

Texas ranks 9th in the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes, and taxes on property, including residential and commercial property. The ranks of neighboring states are as follows: New Mexico, 38th, Oklahoma, 35th, Arkansas, 33rd, and Louisiana, 32nd.

Tax Freedom Day Arrives on April 10th in Texas

Tax Freedom Day Arrives on April 10th in Texas

Tax Freedom Day is the day when Americans finally have earned enough money to pay off their total tax bill for the year. In 2013, Texas taxpayers worked until April 10th (20th earliest nationally) to pay their total tax bill. The Tax Freedom Days of neighboring states are: New Mexico, April 3rd (ranked 5th earliest nationally); Oklahoma, April 6th (ranked 9th earliest nationally); Arkansas, April 7th (ranked 12th earliest nationally); and Louisiana, March 29th (ranked 2nd earliest nationally).

Business Tax Structure

Business Tax Structure 

State Taxes

With no corporate income tax and no individual income tax, Texas has one of the lowest tax burdens in the country, ranking as a Top 10 Best State in the Tax Foundation's 2013 State Business Tax Index.
The Comptroller of Public Accounts is charged with the administration and collection of state and local sales tax from businesses operating in Texas, and collects any franchise taxes owed by Texas corporations. The Comptroller maintains field offices in most major Texas cities to provide assistance and aid in complying with tax regulations. For further information on these taxes, contact:
Comptroller of Public Accounts
111 East 17th Street
Austin, Texas 78711
(512) 463-4600 or (800) 252-5555