New Mexico is one of a small handful of states without a sales tax. What it has instead is a Gross Receipts Tax, levied on the seller’s revenue rather than the consumer’s purchase, and the rate stacks state and local pieces together to land somewhere between 5.25% and...

Talk to any private-equity associate looking at the Mountain West right now and Utah comes up in the first ten minutes. The state has the fastest population growth in the country, Salt Lake City and the Wasatch Front have become an actual private-equity hunting...

A Nebraska seller I spoke with last year had her business sale tied up, a clean buyer, a clean number, and a plan to leave most of the proceeds to her nephew. Then her attorney mentioned inheritance tax. Not the federal kind, the state kind, the one Nebraska is one of...

West Virginia’s top personal income tax rate is 4.58% in 2026. Three years ago it was 6.5%. That’s a 30% effective reduction in the rate your gain on a business sale runs through, and it’s not the last cut: the state has trigger legislation tied to revenue collections...

In April 2026, Governor Janet Mills signed LD 2212, adding a 2% surtax on Maine taxable income above $1 million (single filers) or $1.5 million (joint filers and heads of household). The new top rate is 9.15%, one of the highest in the country, and the surcharge...

If you’re selling a corporation in Rhode Island, the state requires you to notify the Tax Administrator at least five days before the sale closes, not after closing or at signing. The notice has to be in writing, has to include the price, the terms, and a description...

If you’re thinking about selling a Mississippi business in the next few years, the state’s tax calendar matters more than it usually would. The flat individual income tax rate sits at 4% for 2026, but it drops by 0.25 percentage points every January from 2027 onward,...

Vermont’s top individual income tax rate is 8.75%, which puts it among the highest in the country and shapes how the math on a business sale lands at the bottom of the page. The state’s offsetting feature is a capital gains exclusion that allows up to 40% of net...

Oklahoma’s rule for buyers of a business is straightforward and unusual: the Oklahoma Tax Commission will not issue the buyer a sales tax permit to continue operating until the seller’s unpaid sales tax has been paid in full. That rule lives in OAC 710:65-9-4 and...