Ranking Corporate Taxes on the 2018 State Business Tax Climate Index
From The Tax Foundation, October 26, 2017
In the coming weeks, we will break down our recently released 2018 State Business Tax Climate Index with several maps illustrating corporate, individual, sales, property, and unemployment insurance tax rankings.
Today, we look at corporate taxes.
The corporate tax component of our Index measures the impact of each state’s principal tax on business activities and accounts for 19.0 percent of each state’s total score.
Click the map above to see how your state ranks for corporate taxes on our interactive State Business Tax Climate Index.
Unlike other studies that look at overall tax burdens, the Index focuses on the structure of each state’s tax system.
Our corporate tax component, for example, scores states not just on rates and brackets, but on how well they handle net operating losses, whether the state levies an economically harmful gross receipts-style tax, and whether a state indexes its brackets to inflation, among other things.
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Corporate Tax Component of the State Business Tax Climate Index (2015–2018)
- 10 -- 2015 Rank
- 5.82 -- 2015 Score
- 10 -- 2016 Rank
- 5.77 -- 2016 Score
- 11 -- 2017 Rank
- 5.73 -- 2017 Score
- 14 -- 2018 Rank
- 5.53 -- 2018 Score
- -3 – Rank Change from 2017 to 2018
- -0.20 – Score Change from 2017 to 2018