In what will be no surprise to New Yorkers, the Tax Foundation’s 2009 Business Tax Climate index found that New York is next-to-last in a ranking of states with business-friendly tax policies, slipping two places from 2008.
According to the report, only neighboring New Jersey provided a more hostile tax environment than New York to businesses among the 50 states. California, Ohio and Rhode Island complete the list of the bottom five.
Meanwhile, Wyoming ranked first with South Dakota, Nevada, Alaska and Florida rounding out the top five. The report has been published every year since 2003 and ranks states based on the taxes that matter most to businesses and business investment: corporate tax, individual income tax, sales tax, unemployment tax and property tax.
This article is from NYSAR's Governmental Affairs Update for 10/10/08 .
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