State business taxes vary by location but usually include a mix of income, sales, and property taxes:
Income Taxes: Many states tax business profits, but some, like Texas, don’t have a corporate income tax.
Sales Taxes: States charge sales tax on goods and services, and businesses must collect and pay these taxes.
Franchise Taxes: Some states charge businesses a tax based on revenue or size rather than profits.
Property Taxes: Businesses pay taxes on physical property like buildings and equipment.
Tax rules differ by state, so businesses must understand local laws to stay compliant.