New Study: Montana Businesses Pay More Taxes

The Council on State Taxation (COST) recently released a new 50-state study on the total state and local business taxes paid in 2007. The results show that Montana businesses, compared to other states, pay more in state and local taxes. Here are a few facts from the study:

1. State taxes paid by businesses in Montana (45% share) are higher than the national average (39.9% share).

2. Local taxes paid by businesses in Montana (66.5% share) are higher than the national average (50.5%).

3. The amount of state and local taxes paid by businesses in Montana as a percentage of the Gross State Product (6.5%) is higher than the national average (5%).

4. The total change in business share of the tax growth in Montana (55.6%) is higher than the national average (45.8%).

The next time you hear someone talk about Montana businesses paying their fair share, you'll can say they are already carrying a heavier burden than most other states. To view the study, click here: Download fy07_business_tax_burden_study.pdf