California ranked 48th out 50 states in the Washington, D.C.-based Tax Foundations 2014 State Business Tax Climate Index.
The index, now in its 10th edition, collects data on the 50 states tax provisions and compares the scores. While the foundation cited improvements in Californias corporate tax code, the state was ranked above only New Jersey and No. 50 New York.
Texas, noted for incentive and tax programs designed to lure business, dropped out of the top 10 for the first time.
The top 10 states, in order, are Wyoming, South Dakota, Nevada, Alaska, Florida, Washington, Montana, New Hampshire, Utah and Indiana.
The states that lost ground this year usually did so because they changed policy in a way that makes the tax code more complex, burdensome or economically harmful, said Tax Foundation economist Scott Drenkard. By contrast, the states that improved did so because they are moving closer to a tax code that collects revenue without unnecessarily distorting business decisions. Their tax codes became more neutral.
For more details, see www.taxfoundation.org.
Call The Bees Mark Glover, (916) 321-1184.