A new report from the Tax Foundation ranks Kentucky’s Business tax climate 33rd in the nation. The foundation hopes the report will serve as a guide while both the state and federal governments consider tax reform.
The Business Tax Climate Index examines how competitive a state’s tax code is, and how well it encourages businesses to locate in that state.
“When we look at Kentucky, the reason the state ranks a little below average on our index, isn’t, say, the corporate income tax rate. It is things like the fact that Kentucky has an inventory tax," said Jared Walczak, lead author of the report.