3 Percent and Dropping State Corporate Tax Avoidance in the Fortune 500 -- 2008 to 2015
Institute on Taxation and Economic Policy
Few state tax trends are as striking as the rapid decline of state corporate income tax revenues. As recently as 1986, state corporate income taxes equaled 0.5 percent of nationwide Gross State Product (GSP) (a measure of statewide economic activity). But in fiscal year 2013 (the last year for which data are available), state and local corporate income taxes were just 0.33 percent of nationwide GSP- representing a decline of over 30 percent.
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