Pennsylvania’s Business Tax Climate below average

The Tax Foundation has released its latest State Business Tax Climate Index. Pennsylvania ranks a middling 28th on the index, which takes into account five factors (listed in order of rating):

• Individual Income Tax Index – PA Ranks 12th
• Sales Tax Index – PA ranks 25th
• Corporate Tax Index – PA Ranks 41st
• Property Tax Index  (includes Capital Stock and Franchise Tax) – PA Ranks 47th
• Unemployment Insurance Tax Index – PA Ranks 26th

The Pennsylvania Business Council also has a new report on PA’s business climate in which they give the state a “C” grade – meaning it ranks in the middle fifth of states – on an amalgamation of other studies of state’s economic climates.

More state economic rankings can be found here.