August 3, 2011 | last updated May 31, 2012 8:15 pm

CT Inc.'s tax burden lowest in U.S.

Businesses operating in Connecticut were the least burdened of all states by state and local taxes, the latest Ernst & Young report shows.

Connecticut businesses' 3.3 percent tax burden as a share of private sector gross state product was the lowest of all 50 states in fiscal 2010, according to the ninth annual report produced in conjunction with the Council On State Taxation (COST).

The national average was 5 percent.

Delaware and Maryland (3.7 percent), Oregon (3.8 percent), and Utah (3.9 percent) were the only other states close to Connecticut's business-tax burden, the report said.

Other New England states were higher: Massachusetts (4.3 percent); New Hampshire (4.4 percent); Rhode Island (5.5 percent); Maine (6.8 percent); and Vermont (7.1 percent).

Alaska ranked as the most business-tax burdened state in the U.S., at 13.3 percent, the report said.


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