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Michigan Moves to 12th In Business Tax Ranking
The national Tax Foundation released a report
Tuesday of the 2013 rankings of best business tax climates in the United States
– with Michigan moving to 12th overall. The mitten state was ranked
18th in the 2012 report. Only Indiana, ranked 11th
overall, out-paced Michigan among Midwest states.
The most significant move was specifically
for corporate ranking, from 49th to 7th, because of the
replacement of the Michigan Business Tax (MBT) with the Corporate Income Tax
(CIT).
The states with the best overall ranking for
business tax climate in the report were Wyoming, South Dakota, Nevada, Alaska,
Florida, Washington, New Hampshire, Montana, Texas and Utah.
Outside of the corporate rankings, Michigan
ranked 7th for sales tax, 11th for personal income tax,
31st for property taxes and 44th for unemployment taxes.
posted by PAA Online
,
Friday, October 12, 2012
10:43 AM
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