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New Report Ranks Oklahoma Tax Climate (Jan 25, 2012)

Jerrod Shouse, state director of the National Federation of Independent Business, says a new report comparing state business-tax climates shows that Oklahoma still has room for improvement.

The report, released this morning by the nonpartisan Tax Foundation in Washington, D.C., ranks Oklahoma 33rd overall in terms of business taxes, down slightly from 30th a year ago. According to this year’s report, Wyoming boasts the nation’s best business-tax climate; New Jersey, the worst. (Download the full report at

“Clearly, we have an opportunity in this year’s Legislature to pass tax reforms that help attract businesses to the state and make it easier for existing businesses to grow and create jobs,” Shouse said.

“There’s a real danger that we could lose potential jobs and even existing jobs to states with a better tax climate, but what concerns me more is what our current tax rates mean for small business,” he said. “Small, mom-and-pop businesses can’t easily pack up and move someplace where the rates are better, like Texas, which is ranked at No. 9.

“We’re fortunate to have a governor and a Legislature that understands the vital role small business plays in our economy,” Shouse said. “We’re looking forward to working with them on legislation that eases that tax burden so businesses can grow and create jobs.”

NFIB/Oklahoma is the state’s largest small-business association, with 3,600 member businesses statewide.

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