Taxfoundation.org published its new State Business Tax Climate Index. Despite the State of Nevada adding a Business Gross Receipts Tax last year, the State remains quite competitive relative to most U.S States. While people can discuss education, lack of skilled jobs and other more normative issues, tax rates on property, sales, income and other revenue devises is possible to measure and rank.
From the study:
The 10 best states in this year’s Index are:
2. South Dakota
7. New Hampshire
Notice that Nevada ranks number five. Although not noted within the study, Nevada benefits from a proximity to California and the I-15, which is on the path of goods from California ports to a wide swath of the nation. Additionally, Reno has some of the western region’s largest industrial related projects underway, partially a testament to tax favorability, amongst other reasons include wages and State incentives.
The study can be found here: