- December 27, 2021
- Posted by: Stratford Team
- Category: Business
Indiana continues to have the best business tax climate in the Midwest and ranks ninth among the 50 states for employing a tax system that enhances its overall business environment.
The annual rankings recently released by the nonpartisan Tax Foundation saw Indiana retain the ninth-place position the Hoosier State held in last year’s State Business Tax Climate Index.
Indiana regularly has moved between ninth and 10th place over the past nine years depending on how certain index variables are calculated and the impact of tax policy changes enacted by other states.
In 2021, Indiana completed a decade-long phased-in business income tax cut that dropped the state’s corporate income tax rate to 4.9%. The rate was 8.5% in 2012.
The Be…
