Indiana Ranked Among Best Tax Climates

Posted: Updated:
(image courtesy of The Tax Foundation) (image courtesy of The Tax Foundation)
WASHINGTON, D.C. -

Indiana is ranked in the top 10 for the most competitive tax code in the nation. The Tax Foundation’s State Business Tax Climate Index ranks Indiana 8th for its overall tax climate.

The Tax Foundation says the index aims to show how well-structured each state's tax code is. The rankings were determined using analyzing tax variables in five different tax categories: corporate, individual income, sales, property and unemployment insurance.

"Our goal with the State Business Tax Climate Index is to start a conversation between taxpayers and policymakers about how their states fare against the rest of the country," said Jared Walczak, policy analyst for the Tax Foundation. "While there are many ways to show how much a state collects in taxes, the Index is designed to show how well states structure their tax systems, and to provide a roadmap for improvement."

Indiana ranked 23rd for corporate tax structure, 11th for individual income tax structure, 10th for sales tax structure, 4th for property tax structure and 10th for unemployment insurance tax structure.

Wyoming, South Dakota and Alaska topped the list with the most competitive overall tax climate. New Jersey, New York and California were listed as the states with the least competitive tax climate.

You can connect to the full report by clicking here.

  • Perspectives

    • 90 Minutes by 2020

      Chicago is the third-biggest city in the United States and more than ten million people live in the Chicagoland metropolitan area. Another seventy-six million people visit the area each year. Chicago is an international hub for commerce, and is a leader in industries like finance, manufacturing, technology, and telecommunications. It boasts the second busiest airport in the world and has one of the largest, most diversified economies in the world.

    More

Events



  • Most Popular Stories

    • Cummins Expanding Indiana Wind Farm

      Columbus-based Cummins Inc. (NYSE: CMI) is expanding a wind farm in northern Indiana. The company says, when fully operational, the farm will generate renewable energy equal to the amount Cummins uses at its Indiana facilities. The expansion will add 75 megawatts of capability to the plant, which is enough to power about 20,000 average Indiana homes. The Meadow Lake Wind Farm complex currently has a capacity of 600 megawatts.

    • On-Air

      Find out when and where you can watch and listen to our reports.

    • Busche Owner Makes Another Acquisition

      Albion-based Busche Performance Group Inc. says its parent company has acquired Michigan-based 3Point Machine Inc. Shipston Equity Holdings LLC, based in New Hampshire, says 3Point will be called Busche Performance Group Southfield Inc. as a result of the merger. 

    • Indiana Is Lifting the Future of Flight

      While on the floor of the Farnborough International Airshow, the world’s largest exhibition dedicated to the aviation industry, it was clear to international industry leaders that Indiana is propelling the future of aerospace and aviation. That’s because, from the unveiling of a new flight technology to the top companies exhibiting at the airshow, everything seemed to keep coming back to Indiana.

    • Saint Joseph's Students, Faculty Scrambling

      Two days after the Saint Joseph's College Board of Trustees voted to suspend activities on the Rensselaer campus, students and faculty are searching for answers. A source with close knowledge of the situation tells Inside INdiana Business one of the issues that led to the school's "dire" financial situation is a trust involving land some say is worth up to $75 million, but would only be able to sell for $15 million because of restrictions in place.