Louisiana ranks near bottom in 2019 business climate index

Louisiana finished at No. 44 among the 50 states in the Washington-based Tax Foundation’s analysis of how states’ tax systems affect their ability to attract and retain businesses.

The analysis examined more than 100 variables involving the states’ primary methods of taxation: corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes and property taxes. Many of the top-rated states lack one of those five major taxes, but a few apply all the taxes with low rates and broad bases.

Louisiana ranked No. 36 for its corporate tax; No. 32 for its individual income tax; No. 50 for its sales tax; No. 32 for its property tax; and No. 4 for its unemployment insurance tax.

The State Business Tax Climate Index, which was released in September, aims to show how state tax systems compare with each other and provide a blueprint for improvements, according to a post on the foundation’s website. The study is based on tax rules in effect for fiscal year 2018-2019.

Which State Tax Systems Are Poised to Generate Economic Growth?

State Corporate Tax Rank Individual Income Tax Rank Sales Tax Rank Property Tax Rank Unemployment Insurance Tax Rank Overall Rank
Wyoming 1 1 6 38 36 1
Alaska 25 1 5 23 35 2
South Dakota 1 1 33 28 39 3
Florida 6 1 22 11 2 4
Montana 12 22 3 10 21 5
New Hampshire 45 9 1 44 44 6
Oregon 30 36 4 17 37 7
Utah 5 10 16 3 16 8
Nevada 33 5 40 8 45 9
Indiana 18 15 12 2 11 10
Delaware 50 41 2 9 3 11
North Carolina 3 16 20 33 7 12
Michigan 11 12 11 22 49 13
Missouri 4 25 25 7 8 14
Texas 49 6 37 37 18 15
Tennessee 24 8 46 29 22 16
North Dakota 23 20 32 6 14 17
Colorado 16 14 38 12 40 18
West Virginia 13 28 17 18 30 19
Washington 44 6 49 25 19 20
Idaho 26 23 26 4 48 21
Virginia 10 35 10 30 43 22
Kentucky 27 17 14 35 47 23
Nebraska 28 26 9 40 9 24
New Mexico 21 31 41 1 10 25
Oklahoma 9 33 39 19 1 26
Arizona 17 19 47 5 13 27
Kansas 34 21 31 20 15 28
Massachusetts 37 11 13 46 50 29
Maine 41 24 7 41 24 30
Mississippi 15 27 35 36 5 31
Wisconsin 35 39 8 21 41 32
Georgia 8 38 29 24 38 33
Pennsylvania 43 18 21 34 46 34
South Carolina 19 34 34 27 27 35
Illinois 39 13 36 45 42 36
Rhode Island 32 29 23 43 29 37
Hawaii 14 47 24 16 26 38
Alabama 20 30 48 15 12 39
Maryland 22 45 18 42 28 40
Vermont 38 37 15 49 20 41
Ohio 46 44 28 13 6 42
Minnesota 42 46 27 31 25 43
Louisiana 36 32 50 32 4 44
Iowa 48 42 19 39 33 45
Arkansas 40 40 44 26 34 46
Connecticut 29 43 30 50 23 47
New York 7 48 42 47 31 48
California 31 49 43 14 17 49
New Jersey 47 50 45 48 32 50

Source: Tax Foundation

This article was first published by Watchdog.org.

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