2017 State Business Tax Climate Index
2017 State Business Tax Climate Index
By Jared Walczak, Scott Drenkard, and Joseph Henchman
PRINCIPLED INSIGHTFUL ENGAGED
ISBN: 978-1-942768-12-8
? 2017 Tax Foundation 1325 G Street, NW, Suite 950
Washingtion, D.C. 20005 202.464.6200
EXECUTIVE SUMMARY
TAX FOUNDATION
Executive Summary
The Tax Foundation's State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states' tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure their tax systems, and provides a roadmap for improvement.
The 10 best states in this year's Index are:
1. Wyoming 2. South Dakota 3. Alaska 4. Florida 5. Nevada 6. Montana 7. New Hampshire 8. Indiana 9. Utah 10. Oregon
The 10 lowest ranked, or worst, states in this year's Index are:
41. Louisiana 42. Maryland 43. Connecticut 44. Rhode Island 45. Ohio 46. Minnesota 47. Vermont 48. California 49. New York 50. New Jersey
2017 State Business Tax Climate Index
#17
#10 #20
#6 #1
#5
#9
#48
#16
#21
#35
#3
VT #47
NH #7
#29
#2 #25
#22
#46 WI #39
#40
#23
#15
#49
#12 #24
#45 #8
#18 #33 #34
#31
#38
#13
#11
#37
#28 #32
#36
#14
#41
#4
#30
MA #27
RI #44
CT #43
NJ #50
DE #19
MD #42
DC (#47)
#26
Note: A rank of 1 is best, 50 is worst. Rankings do not average to the total. States without a tax rank equally as 1. DC's score and rank do not affect other states. The report shows tax systems as of July 1, 2016 (the beginning of Fiscal Year 2017).
Source: Tax Foundation.
10 Best Business Tax Climates 10 Worst Business Tax Climates
TAX FOUNDATION
1
EXECUTIVE SUMMARY
STATE BUSINESS TAX CLIMATE INDEX
The absence of a major tax is a common factor among many of the top ten states. Property taxes and unemployment insurance taxes are levied in every state, but there are several states that do without one or more of the major taxes: the corporate income tax, the individual income tax, or the sales tax. Wyoming, Nevada, and South Dakota have no corporate or individual income tax (though Nevada imposes gross receipts taxes); Alaska has no individual income or state-level sales tax; Florida has no individual income tax; and New Hampshire, Montana, and Oregon have no sales tax. This does not mean, however, that a state cannot rank in the top ten while still levying all the major taxes. Indiana and Utah, for example, levy all of the major tax types, but do so with low rates on broad bases. The states in the bottom 10 tend to have a number of shortcomings in common: complex, nonneutral taxes with comparatively high rates. New Jersey, for example, is hampered by some of the highest property tax burdens in the country, is one of just two states to levy both an inheritance tax and an estate tax, and maintains some of the worst-structured individual income taxes in the country.
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TAX FOUNDATION
EXECUTIVE SUMMARY
Table 1.
2017 State Business Tax Climate Index Index Ranks and Component Tax Ranks
Alabama Alaska
Overall Rank 32 3
Corporate Tax Rank
14
27
Individual Income Tax Rank
22
1
Sales Tax Rank
48
5
Unemployment Insurance Tax Rank
14
29
Property Tax Rank
16
22
Arizona Arkansas
21
19
19
47
13
6
38
40
29
44
30
24
California Colorado
48
33
50
40
16
15
16
18
16
39
42
14
Connecticut Delaware Florida Georgia Hawaii
43
32
37
27
21
49
19
50
34
1
3
20
4
19
1
28
2
10
36
10
42
33
35
21
26
11
31
23
24
17
Idaho Illinois
20
24
23
26
46
2
23
26
10
35
38
46
Indiana Iowa
8
23
11
10
10
4
40
47
33
21
34
40
Kansas Kentucky
22
39
18
30
11
19
34
28
30
13
48
36
Louisiana
41
36
27
50
9
30
Maine
30
41
25
8
44
41
Maryland
42
21
46
14
26
42
Massachusetts
27
37
13
18
49
45
Michigan
12
8
14
9
47
25
Minnesota
46
43
45
25
28
33
Mississippi
28
12
20
38
5
35
Missouri Montana
15
5
28
24
7
7
6
13
21
3
19
9
Nebraska Nevada
25
29
24
12
8
39
5
34
1
41
43
8
New Hampshire
7
46
9
2
41
43
New Jersey
50
42
48
45
25
50
New Mexico
35
25
35
42
17
1
New York
49
7
49
43
32
47
North Carolina
11
4
15
19
6
31
North Dakota
29
16
36
34
15
3
Ohio
45
45
47
29
4
11
Oklahoma Oregon
31
9
38
36
1
12
10
35
32
4
33
18
Pennsylvania Rhode Island
24
44
17
20
45
32
44
31
39
22
50
44
South Carolina
37
15
41
31
37
26
South Dakota
2
1
1
32
40
23
Tennessee Texas
13
22
14
49
8
46
23
29
6
37
12
37
Utah
9
3
12
17
22
5
Vermont
47
38
44
16
20
48
Virginia
33
6
40
11
39
28
Washington
17
48
6
49
18
27
West Virginia
18
17
26
15
27
13
Wisconsin Wyoming
39
30
43
1
1
1
7
36
34
6
31
38
District of Columbia
47
31
43
33
27
47
Note: A rank of 1 is best, 50 is worst. Rankings do not average to the total. States without a tax rank equally as 1. D.C.'s
score and rank do not affect other states. The report shows tax systems as of July 1, 2016 (the beginning of Fiscal Year
2017).
Source: Tax Foundation.
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