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

    • How Managers Can Keep Millennials Happy

      There are more than 56 million Millennials either actively participating in the workforce, or searching for a job. With a number like this, it’s no surprise that Millennials have taken the workplace by storm. But what is surprising is how different this generation is from their predecessors. They rely heavily on technology and prefer to communicate via text or email rather than a traditional phone call. Managing millennial employees can be a challenge — how can executives...

    More

Events



  • Most Popular Stories

    • $25M Behavioral Hospital Coming to Central Indiana

      Danville-based Hendricks Regional Health is partnering with US HealthVest to develop a stand-alone behavioral center on the Hendricks campus in Plainfield. Known as the Indianapolis Behavioral Hospital, the facility will provide specialized inpatient and outpatient mental health care to patients of all ages.

    • 'Heartbreaking' End For Nashville House

      The 91-year-old Nashville House restaurant is closing. The Brown County family dining staple will serve its last meal at the end of the month. In a post on Facebook, Gina Sarah Rogers, daughter of late-owners Andy and Fran Rogers, said it is "the end of an era and very heartbreaking." The restaurant is known for its country-style fried chicken and ham meals. Business on the property dates back to the late-1860s when an inn opened. It was acquired in...

    • How Managers Can Keep Millennials Happy

      There are more than 56 million Millennials either actively participating in the workforce, or searching for a job. With a number like this, it’s no surprise that Millennials have taken the workplace by storm. But what is surprising is how different this generation is from their predecessors. They rely heavily on technology and prefer to communicate via text or email rather than a traditional phone call. Managing millennial employees can be a challenge — how can executives...

    • Christel DeHaan to Retire as Christel House CEO

      One of the biggest names in philanthropy in Indiana is announcing her retirement. Christel House International Chief Executive Officer Christel DeHaan will remain board chair, but leave as CEO of the nonprofit she founded 20 years ago. The organization has named former Indianapolis Mayor Bart Peterson to be her successor. CHI's mission is to lift children out of poverty, and it has established learning centers at home in Indianapolis and abroad in Mexico, India, South Africa and...

    • Great American Songbook Foundation to Sell Asherwood

      The Carmel estate known as Asherwood is in the process of being sold by the Great American Songbook Foundation. The 107 acre estate was donated to the Foundation in January by Bren Simon in support of the their music education and historic preservation programs.  The Asherwood estate features a fully-furnished 50,000-square-foot main house, 8,000-square-foot clubhouse, a 6,000-square-foot guest house, and two golf courses. An auction of antique furniture, artwork and other ...