1. Home
  2. Business & Finance
  3. US Business Law / Taxes
photo of Jean   Murray

Jean's Business Law / Taxes: U.S. Blog

By Jean Murray, About.com Guide to Business Law / Taxes: U.S.

State "Business Taxes" - Adding insult to injury

Tuesday March 18, 2008

Did you know that some states impose "business taxes?" For example, Connecticut has a $250 state business tax (some state lawmakers have suggested repeal of this tax).

Now Michigan has imposed a new business tax (MBT) that is increasing tax rates for some small businesses over 300 percent. Business advocacy groups, like the National Federation for Independent Business ( {NFIB), and the Michigan Business and Professional Organization (MBPO) are working to repeal this new business tax.

If your state has a general business tax like these, I'm sure you will hear about it. But you might want to check with your state Secretary of State, and keep up with state business advocacy groups too.

Comments

No comments yet. Leave a Comment

Leave a Comment

Line and paragraph breaks are automatic. Some HTML allowed: <a href="" title="">, <b>, <i>, <strike>

Explore US Business Law / Taxes

More from About.com

  1. Home
  2. Business & Finance
  3. US Business Law / Taxes

©2008 About.com, a part of The New York Times Company.

All rights reserved.