WKU Public Radio News Staff
Wed October 9, 2013
Kentucky's Business-Friendly Climate Ranking Drops Slightly
Kentucky continues to rank in the middle-of-the-pack when it comes to having a business-friendly tax climate. The 2014 study, released Wednesday by the non-partisan Tax Foundation in Washington takes into account the corporate tax rate, individual income tax, sales tax, unemployment insurance tax and property tax rate.
Kentucky’s ranking dropped from 24th in the nation last year to 27th this year. The study finds Kentucky’s tax code didn’t change that much, but the ranking reflects changes in states with similar numbers.
Meantime, Indiana ranked 10th in the nation for best business tax climate – earning high marks for low property taxes. Tennessee ranked 15th thanks in part of a low individual income tax.
Click here to read the full report.