State & Local Taxes & Incentives
In Texas and the Austin region, we’ve formalized a friendly attitude into a business climate that is truly user friendly. The tax structure is fair, competitive and designed to make companies feel welcome. Texas is one of only a handful of states with no individual income tax (a very attractive environment for transferring employees). Total state and local taxes averaged $4,744 per person in 2020, 16% less than the national average. Similarly, state and local taxes in Texas are low relative to income, amounting to $86 per $1,000 of personal income, compared to the national average of $95 per $1,000.