Ohio among top 15 for favorable tax climate for small business

I’m surprised that Ohio is #9 -- it doesn’t feel like we’re a good state to draw business, but then there are 18 measures, some of which I don’t know much about.

The Small Business & Entrepreneurship Council’s (SBE Council’s) “Business Tax Index 2011” ranks the states from best to worst in terms of the costs of their tax systems on entrepreneurship and small business. The Index pulls together 18 different tax measures, and combines those into one tax score that allows the 50 states and District of Columbia to be compared and ranked.

The 15 best state tax systems are: 1) South Dakota, 2) Texas, 3) Nevada, 4) Wyoming, 5) Washington, 6) Florida, 7) Alabama, 8) Alaska, 9) Ohio, 10) Colorado, 11) South Carolina, 12) Mississippi, 13) Oklahoma, 14) Virginia, and 15) Missouri.

The 15 worst state tax systems are: 37) Illinois, 38) North Carolina, 39) Nebraska, 40) Connecticut, 41) Oregon, 42) Rhode Island, 43) Hawaii, 44) Vermont, 45) California, 46) Maine, 47) Iowa, 48) New York, 49) New Jersey, 50) Minnesota, and 51) District of Columbia.