- December 24, 2021
- Posted by: Stratford Team
- Category: Business
(The Center Square) – North Carolina has one of the best business tax climates in the country, according to the Tax Foundation’s 2022 State Business Tax Climate Index.
The state ranked 11th out of 50 states for its overall business tax climate for 2021. It dropped one spot below its ranking of 10th last year.
The index compares states on more than 120 variables in the five major areas of taxation: corporate, individual income, sales, unemployment insurance and property taxes.
The state recently passed legislation that would cut billions of dollars in taxes for North Carolinians. The index did not take into account changes made by the legislation, including eliminating corporate taxes and increasing the standard deduction.
North Carolina received an overall score of 5.61 out of 10 for its business climate. Contributing to…
