North Carolina ranks 39Th in the country for its business tax competitiveness and the ability to encourage business. That's according to the Triangle Business Journal, which reported the results of the Non-profit tax foundation.
The journal says North Carolina's score suffered because of the variety of property taxes that local governments put on businesses. North Carolina is also one of only three states to tax gifts, and one of ten states to tax intangible personal property such as stocks, bonds and trademarks.
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