CARSON CITY, Nev., Oct. 28, 2014—The nonpartisan Tax Foundation today released its 2015 State Business Tax Climate Index, and the annual report ranked Nevada third best in the nation. But the state director for Nevada’s largest small-business association worried what a vote next week might do to it.
The index measured a state’s corporate taxes, individual income taxes, sales tax, unemployment insurance tax and property-tax rank to come up with an overall score. Wyoming came out No. 1 in the nation. “The absence of a major tax is a common factor among many of the top ten states,” wrote the index’s authors. “Wyoming, Nevada, and South Dakota have no corporate or individual tax.”
“This is a key economic ranking that helps Nevada attract more businesses, which in turn creates jobs,” said Randi Thompson, Nevada state director for the National Federation of Independent Business. “My fear is that if Nevadans vote to impose the margins tax, we will likely become one of the worst tax-friendly states. Voting ‘No’ on question 3 is critical to keeping and growing jobs in Nevada.”
With 350,000 dues-paying members across the nation, including almost 2,000 in Nevada, NFIB is the nation’s largest and leading small-business association. More information about small business, especially its difference from big business, can be found in this media kit with brief, single pages of bulleted information.
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For more than 70 years, the National Federation of Independent Business has been the Voice of Small Business, taking the message from Main Street to the halls of Congress and all 50 state legislatures. NFIB annually surveys its members on state and federal issues vital to their survival as America’s economic engine and biggest creator of jobs. NFIB’s educational mission is to remind policymakers that small businesses are not smaller versions of bigger businesses; they have very different challenges and priorities.
National Federation of Independent Business/Nevada
140 Washington St. #150
Reno, NV 89503
775-830-8407
