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 Telling Your Customers 'No' Can Improve Loyalty

      Business usually try to convert customers into loyalists by giving them what they want. That statement seems obvious... until it's not. Take Milktooth in Indianapolis, for example. The restaurant has become a star of the food scene by telling customers "no." This flies in the face of what most businesses consider to be standard operating procedure. But for Milktooth, saying no is simply good business.

    More

Events



  • Most Popular Stories

    • ‘Invisible’ Digital Twins Taking Flight at GE Aviation

      As aircraft engines roll off the production line at GE Aviation in Lafayette, workers there are also producing “ghost” engines of sorts, called digital twins. 

    • Construction to Begin on $15M Noblesville Fieldhouse

      City and development officials will break ground Friday on a $15 million sports complex in Noblesville. Finch Creek Park Fieldhouse will include five courts with hard surfaces, two turf-surfaced fields and 11 batting and pitching cages. The project, which was first unveiled a year ago, is a public-private partnership between Klipsch-Card Athletic Facilities LLC and the city. The company is also owner/operator of the fieldhouse at Grand Park in Westfield.

    • Historic Indy Building to Become Hotel

      A nearly 110-year-old building in downtown Indianapolis will soon have new life. Indianapolis-based real estate development firm Loftus Robinson is partnering with Kimpton Hotels & Restaurants in California to transform the former Odd Fellows building into a 130-room hotel with a signature restaurant. Financial terms of the project are not being disclosed, however the developer says the hotel is scheduled to open in early 2020 and create about 150 hotel and restaurant jobs.

    • Lilly Cancer Treatment Falls Short in Study

      Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has announced it will not seek regulatory approval on another use for one of the key treatments in its cancer portfolio. In a late-stage study, CYRAMZA met its main goal of progression free-survival in patients with HER2-negative metastatic gastric or gastroesophageal junction adenocarcinoma, but did not improve a secondary endpoint: overall survival rate.

    • How Telling Your Customers 'No' Can Improve Loyalty

      Business usually try to convert customers into loyalists by giving them what they want. That statement seems obvious... until it's not. Take Milktooth in Indianapolis, for example. The restaurant has become a star of the food scene by telling customers "no." This flies in the face of what most businesses consider to be standard operating procedure. But for Milktooth, saying no is simply good business.