In a report on business taxes, Ernst & Young ranks states based on tax burdens imposed on new investments.
The study offers a state-by-state comparison of tax liabilities for new investments in chosen industries. It focuses on capital investments in industries that rely heavily on location decisions, particularly factories and headquarters. By analyzing tax burdens, report readers gain a general overview of each state's business tax competitiveness.
The top 10 states with the lowest effective tax rates on new investments are:
1. Maine
2. Oregon
3. Ohio
4. Wisconsin
5. Illinois
6. Virginia
7. New Hampshire
8. Delaware
9. Wyoming
10. Minnesota
Ernst & Young: Competitiveness of state and local business taxes on new investment
Ernst & Young ranks states based on effective tax rates on new investments, providing an overview of state competitiveness on business taxes.
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