Compliance Costs of TPP

The Tax Foundation says that states should create de minimus exemptions for businesses that only have modest amounts of property, because the compliance costs for small businesses is too great. States that provide de minimus exemptions include MI, AZ, CO, FL, GA, IN, MT, RI, ID, UT. There are 26 states with no de minimus exemption for small businesses including TX, OK, KS, NV and CA.