The state of Indiana has one of the nation’s best business tax climates.
This is according to the 2019 Tax Foundation’s State Business Tax Climate Index, which shows how well states structure their tax systems and provides a road map for improvement.
According to the foundation, “Indiana saw consistent rate reductions through a series of responsible tax reform efforts between 2011 and 2016. Subsequent legislation established a further schedule of corporate income tax reductions through fiscal year 2022. For 2018, the corporate income tax rate declined from 6 to 5.75 percent. This rate reduction, among other changes, drove an improvement of six places on the corporate component of the Index. The Hoosier State and Utah continue to post the best rankings among states which impose all the major taxes.”
The 10 best states include:
- Wyoming
- Alaska
- South Dakota
- Florida
- Montana
- New Hampshire
- Oregon
- Utah
- Nevada
- Indiana
