Most & Least Taxing States: 2014

By Rebecca Helmes of Bloomberg BNA - 2014-04-14T23:05:22Z

Company Symbol % Change
49 of 56

  

Virginia recently enacted special fees on environmentally friendly vehicles, but has kept tax rates low on tobacco. In this tobacco-rich state, the cigarette excise tax rate of 30 cents per pack ranks 49th lowest out of 50.

Last year the Virginia General Assembly passed a sweeping deal to overhaul how the state pays for transportation. This year, the legislature repealed a small part of that act -- a $64 annual fee on electric car owners, meant to ensure that all car owners contribute equally to repairing the state’s roads. 

*4.3% state, 1% local; the Tax Foundation includes a “mandatory, statewide, local add-on sales tax” in the state rate.

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