Indiana continues to have the best business tax climate in the Midwest and ranks 9th among the 50 states for employing a tax system that enhances its overall business environment.
WINCHESTER — The John Handley High School marching band and color guard led former Gov. Terry McAuliffe to an educational training center he hopes will be a model for Virginia
Many Hoosier legislators and administrators quote the FoundationâsÂ
State Business Tax Climate Index. As of July 1, 2020, Indiana ranked #9 among the 50 states. That places us in the top quintile of favorable states. Such eminence! Weâre up there with Wyoming (#1), South Dakota (#2), and Alaska (#3).
How do we get to be #9? For that index, we rank #13 in Corporate Income tax, #15 in individual income tax, #20 in sales tax, and #27 in unemployment insurance tax. There must be something that propels us up to #9. Turns out we are #2 in property taxes on business and that offsets all those other taxes.
In the early 1970s, Indiana got about a third of its state and local tax revenues from property taxes. Today, about a quarter of our tax collections come from property taxes.