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K1CHMOND- On the day after the federal income tax filing deadline, Governor Timothy M. Kaine highlighted a new report from the nonpartisan, non-profit Tax Foundation that ranks Virginia as the 41st lowest among the 50 states in state and local tax burden.
The Tax Foundation analyzed state and local business licensing and sales taxes, real property and tangible personal property rates, Census data, and other factors to determine its annual ratings.
It is the third independent, non-partisan study in recent weeks to designate Virginia as a low tax state with business-friendly policies.
“This report from the Tax Foundation reinforces the fact that Virginia is one of the nation’s best-managed states, with a diverse and
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