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The Tax Foundation’s 2021 State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure their tax systems and provides a road map for improvement.

NYS ranks 48th overall. The states in the bottom 10 tend to have a number of afflictions in common:complex, non-neutral taxes with comparatively high rates. New Jersey, for example, is hampered by some of the highest property tax burdens in the country, has the second highest-rate corporate and individual income taxes in the country and a particularly aggressive treatment of international income, levies an inheritance tax, and maintains some of the nation’s worst-structured individual income taxes.

The 10 lowest-ranked, or worst, states in this year’s Index are:

• Alabama
• Louisiana
• Vermont
• Maryland
• Arkansas
• Minnesota
• Connecticut
• New York
• California
• New Jersey

The states in the bottom 10 tend to have a number of afflictions in common: complex, non-neutral taxes with comparatively high rates. New Jersey, for example, is hampered by some of the highest property tax burdens in the country, has the second highest-rate corporate and individual income taxes in the country and a particularly aggressive treatment of international income, levies an inheritance tax, and maintains some of the nation’s worst-structured individual income taxes.

See the full report and details at: https://taxfoundation.org/2021-state-business-tax-climate-index/