State Business Tax Relief

What is happening? In addition to providing inflation relief to individual taxpayers, states are also offering tax relief for businesses. let’s take a look.

Why is this important?

•  11 states have made reductions to the corporate tax rate structure
• Oklahoma, is the 1st and only state, to allow full expensing for businesses

How will this be important? The Tax Foundation says states should also consider allowing state businesses to permanently write off all business investments

Governing | Will Alabama Fall Behind Without Tax Relief to Offset Inflation?