California businesses paid $89.9 billion in state and local taxes during the 2011 fiscal year, 4.6% higher than the previous year, according to a new report from the Council On State Taxation.
That's almost the average tax growth nationwide (4.5%), following two years in which total business state and local tax revenues declined. The growth ranges from 39.3% in North Dakota, which is experiencing a boom from its oil and gas industryto a 0.2% decline in North Carolina, the only state in which business tax collections dropped.
By far, the largest amount of tax that California businesses pay is for property tax.
Read more at The OC Register