Oklahoma ranks 14th in survey of "business friendly" tax systems
Monday, October 18th 2004, 2:36 pm
News On 6
OKLAHOMA CITY (AP) -- A new study by the Tax Foundation shows that when it comes to having a business friendly tax system, only 13 states do a better job than Oklahoma.
The State Business Tax Climate Index ranks the 50 states on how business friendly their tax systems are.
Oklahoma ranked 14th best in the nation in the study, a slight improvement over its 15th-place ranking in 2003.
The index generally rewards tax codes that have low and flat rates, avoid double taxation and have constitutional restraints in place to keep taxes low.
Oklahoma's ranking was lower than the ranking of three of the six states it borders. Texas was ranked 4th, while Colorado was 8th and Missouri was 11th.