Climate change? Report: N.H. business-tax structure fair to middling.The good news is New Hampshire's business-tax climate isn't necessarily bad for businesses. It's just that it isn't particularly good either. That's according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Business Tax Index 2009, created by the Small Business and Entrepreneurship Council, a small-business advocacy and policy organization based in Oakton, Va., which has ranked the Granite State 25th--smack in the middle among the 50 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). when it comes to their business-tax structure. The index ranks states from best to worst on how their tax systems affect entrepreneurship and small business using 16 measures such as personal income tax rate, individual capital gains tax rate, alternative minimum tax on corporations, property taxes and gas and diesel taxes. New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). was assigned a tax index of 35.502. The best score--South Dakota's--was 11.120. The worst Washington, B.C.--was 58.315. While the Granite State had favorable indices in such measures as personal income and capital gains taxes, and sales, gross receipts the total of the receipts, before they are diminished by any deduction, as for expenses; - distinguished from net profits. - Bouvier. See under Gross, a. os> See also: Gross Receipt and excise taxes excise taxes, governmental levies on specific goods produced and consumed inside a country. They differ from tariffs, which usually apply only to foreign-made goods, and from sales taxes, which typically apply to all commodities other than those specifically exempted. as a share of personal income, it ranked dead last--51st--in property taxes as a share of personal income and posted poorer scores in corporate income and capital gains tax rates. Although New Hampshire's ranking wasn't stellar, it was the best in New England. Connecticut ranked 30th with an index of 37.747, followed by Massachusetts (42nd, 44.600), Vermont (43rd, 44.860), Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. (44th, 45.640) and Maine (48th, 49.860). A copy of the report may be downloaded at sbecouncil.org. |
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