bkp_duke
Well-Known Member
Would be of concern if true. My two minute search suggests it is not.
State Corporate Income Tax Rates and Brackets for 2024
Which state has the highest corporate tax rate? Explore the latest corporate income tax rates by state with our 2024 corporate tax rates map.taxfoundation.orgTennessee Tax Data Explorer
Explore Tennessee tax data, including tax rates, collections, burdens, and more.taxfoundation.orgNC sales tax 4.75, corporate rate 2.5 total 7.25State Tax Maps Archives
Providing journalists, taxpayers and policymakers with basic data on taxes and spending is a cornerstone of the Tax Foundation’s educational mission. We’ve found that one of the best, most engaging ways to do that is by visualizing tax data in the form of maps. How does your state collect...taxfoundation.org
TN sales tax average 9.55%, corporate 6.5% total 16.05
Your case? Is it individual rates? Do corporations care? (note, still cheaper in NC)
Individual rates. I lived in NC for about 10 years, TX too for about 10 years, and (heaven help) CA now (happy wife happy life).
NC is not horrible, but it's not zero or near zero like TX and TN.
EDIT - but I could see Tesla putting a smaller facility, like a megapack-production facility, in NC to be close to the lithium deposits that they have a contract for in that state.