Answer:
The state and local business tax estimates presented
in this study reflect tax collections from July 2014
through June 2015 in most states.1 These include
business property taxes; sales and excise taxes paid
by businesses on their input purchases and capital
expenditures; gross receipts taxes; corporate income
and franchise taxes; business and corporate license
taxes; unemployment insurance taxes; individual
income taxes paid by owners of noncorporate (passthrough) businesses; and other state and local taxes
that are the statutory liability of business taxpayers.
Step-by-step explanation: