Table 15
Ten-Year State and Local Start-up Taxes on an Average Manufacturing Firm, With Available Tax Incentives
|
State |
10-Year Taxes With No Incentives |
Tax Incentivesb |
Start-up Sales Taxes |
Start-up Sales Tax Incentives |
Net Total State/Local 10-Year Taxes & Start-up Sales Tax |
Louisiana Rank |
|
Louisiana (No Enterprise Zone) |
1,781,954a |
($695,612) |
$411,400 |
$ 0 |
$1,497,739 |
2 |
|
Louisiana (Enterprise Zone) |
1,781,954a |
(945,612) |
411,400 |
(242,000) |
1,005,742 |
5 |
|
Louisiana Quality Jobs |
1,781,954a |
(2,445,612) |
411,400 |
0 |
(252,258) |
12 |
|
Florida |
1,961,213 |
(384,007) |
97,200 |
(97,200) |
1,577,206 |
|
|
Georgia |
1,669,531 |
(470,600) |
113,400 |
(113,400) |
1,312,331 |
|
|
Texas |
2,332,141 |
(1,196,436) |
133,650 |
0 |
1,269,355 |
|
|
Virginia |
1,134,125 |
0 |
68,400 |
0 |
1,202,525 |
|
|
Mississippi |
1,712,924 |
(812,735) |
161,700 |
(64,050) |
997,839 |
|
|
North Carolina |
1,364,155 |
(493,630) |
99,440 |
0 |
969,965 |
|
|
Tennessee |
1,417,160 |
(612,015) |
133,650 |
0 |
938,795 |
|
|
Alabama |
1,025,424 |
(622,239) |
238,275 |
(210,000) |
476,460 |
|
|
Oklahoma |
1,525,410 |
(1,676,475) |
129,600 |
0 |
(21,465) |
|
|
South Carolina |
1,595,609 |
(1,831,181) |
97,200 |
0 |
(138,372) |
|
|
Arkansas |
1,375,715 |
(1,530,000) |
115,425 |
(115,425) |
(154,285) |
a. Does not include 10-year industrial tax exemption.
b. Includes cash rebate programs for Arkansas, Oklahoma and South Carolina.