Mississippi beats all neighbors except Tennessee on Business Climate Index

mississippiMississippi ranks 17th in the Tax Foundation’s State Business Tax Climate Index ahead of all other Southeastern states other than Florida (5) and Tennessee (15).

Mississippi carried the same ranking last year and had an 18th ranking in 2011.

The Index compares the states in five areas of taxation that affect business: corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes, and taxes on property, including residential and commercial property.

The Index, prepared annually by the non-partisan Tax Foundation, ranked Mississippi higher than the neighboring states – with the exception of Tennessee – with which it competes in the economic development arena.

It ranked Louisiana, 32nd; Arkansas, 33rd; Tennessee, 15th; and Alabama, 21st.

The 10 best states in this year’s Index are:

1.Wyoming

2.South Dakota

3.Nevada

4.Alaska

5.Florida

6.Washington

7.New Hampshire

8.Montana

9.Texas

10.Utah

collector’s arsenal.

The 10 lowest ranked, or worst, states in this year’s Index are:

41.Maryland

42.Iowa

43.Wisconsin

44.North Carolina

45.Minnesota

46.Rhode Island

47.Vermont

48.California

49.New Jersey

50.New York

 

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