In Your Backyard
Delaware State Has Lowest Tax Burden-Delaware has the lowest business tax burden, according to an annual study by the Council on State Taxation. Delaware business taxes came in at 3.5% compared with the national average of 5%. Source: Associated Press
Florida Sales Tax Expansion Up For Vote-Despite strong business opposition, Floridians will vote in November on swapping an average 25% property-tax cut for an increase and possible expansion of the state sales tax. The proposal would reduce homeowner levies while increasing the existing 6% sales tax by another 1%. Source: Florida Capital News
Nevada Small Business Hiring Drops Off-Small companies across the state have put the brakes on hiring in the first quarter. According to a SurePayroll survey, the average number of employees among small companies in the state dropped 0.8%, compared with a 0.9% gain in small business staffs nationwide. Source: Las Vegas Review Journal
Ohio Governor Pushes Jobs Bill-Gov. Ted Strickland (D) is drumming up support for his new bipartisan $1.57 billion jobs stimulus package. The jobs package would provide $250 million for internships and programs to keep Ohio college graduates in the state, among other measures. It passed the Senate in December. Source: The Toledo Blade
Wyoming Oil Production Increases-For the second straight year, Wyoming oil fields recorded increased production. In 2007, oil production in the state hit 54 million barrels, an increase of 1 million barrels, or 2%, over 2006, making it the seventh-largest oil-producing state in the nation. Source: The Denver Post
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