Tennessee Ranked 15th On State Taxes

Wednesday, October 9, 2013

The tax climate of Tennessee ranked 15th this year out of all 50 states, according to a new report by the Tax Foundation. The Volunteer State’s rank remains unchanged from 2013 the 2014 State Business Tax Climate Index.

Several states have moved in the rankings since last year, with Texas dropping out of the top ten for the first time, landing at #11, and Virginia and Kentucky both falling three places to #26 and #27, respectively. On the positive side, Arizona climbed five ranks to #22 and Kansas shot up six spots to #20. Several other states also saw smaller changes.

“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.”

The State Business Tax Climate Index, now in its 10th edition, collects data on over a hundred tax provisions for each state and synthesizes them into a single, easy-to-use score. The states are then compared against each other, so that each state’s ranking is relative to actual policies in place in other states around the country. A state’s ranking can rise or fall significantly based not just on its own actions, but on the changes or reforms made by other states.

The top ten states in 2014 are Wyoming (#1), South Dakota (#2), Nevada (#3), Alaska (#4), Florida (#5), Washington (#6), Montana (#7), New Hampshire (#8), Utah (#9), and Indiana (#10).

The 10 lowest ranked states in 2014 are Maryland (#41), Connecticut (#42), Wisconsin (#43), North Carolina (#44), Vermont (#45), Rhode Island (#46), Minnesota (#47), California (#48), New Jersey (#49), and New York (#50).

“The goal of the State Business Tax Climate Index is to start a conversation with policymakers about how their states fare against the rest of the country,” said Drenkard. “With this report, we’re asking: ‘how well is your tax code structured? Are businesses in your state spending too much time complying with onerous tax provisions? Are you double taxing things you shouldn’t?’”

Tax Foundation Background Paper No. 68, “2014 State Business Tax Climate Index” by Scott Drenkard and Joseph Henchman is available online.

The Tax Foundation is a nonpartisan research organization that has monitored fiscal policy at the federal, state and local levels since 1937. To schedule an interview, please contact Communications Associate Richard Borean at 202 464-5120 or borean@taxfoundation.org


New Hamilton County Businesses

Here are the new business licenses from the County Clerk's office: [RELIKS] CHATTANOOGA 4119 RINGGOLD ROAD CHATTANOOGA, TN 37412 1ST CLASS UNLIMITED 1155 FAIRMONT AVENUE CHATTANOOGA, TN 37405 AFFORDABLE HEALTHCARE CONSULTING, LLC 622 GEORGIA AVE  APT  302 CHATTANOOGA, TN 37402 ANGELS ATTIC RESALE 7227 AVENTINE WAY #102 CHATTANOOGA, TN ... (click for more)

Jermaine L. Swafford Named CSX Vice President Regional Transportation-Southern Region

Jermaine Swafford, a native of Hamilton County, has risen through the operations ranks at CSX since he joined the company in 1998.  From an assistant trainmaster in Russell, Ky., to his most recent position as division manager in Atlanta, Mr. Swafford has consistently demonstrated team-focused and results-driven management, according to the company officials.   "Under ... (click for more)

Thornhill Charged In February 2013 Burning Death Of Lucius Moss On Wilcox Boulevard

Ellis Bell Thornhill, 38, has been indicted by the Hamilton County Grand Jury on first-degree murder charges in the Feb. 7, 2013, death of 37-year-old Lucius Moss. His body was found inside a burned duplex at 1802 Wilcox Blvd. Thornhill is also facing charges of especially aggravated kidnapping, aggravated arson, aggravated assault and abuse of a corpse. The Chattanooga Fire ... (click for more)

Woman Stabbed By Husband In Dalton Dies From Her Wounds

A woman who Dalton Police say was stabbed Thursday by her husband has died of her injuries.   Glenda Dyer had been transported to Hamilton Medical Center. She initially was listed in stable condition.   The incident happened at the couple's home at 1603 Elaine Way.   Police said a murder charge will be added to the counts already facing ... (click for more)

Net Neutrality: The Beginning Of The End Or Just A New Beginning?

“The Internet is simply too important to be left without rules and without a referee on the field,” says Tom Wheeler, chairman of the Federal Communications Commission, “Today’s order is more powerful and more expansive than any previously suggested.”  The FCC’s vote for so-called Net Neutrality purports to allow the agency to regulate the Internet as a public utility.  ... (click for more)

Roy Exum: Cameras Or Subterfuge?

State Rep. Andy Holt (R-Dresden) is an easy-to-like member of the Tennessee Legislature and the fact he is teaming with state senator Todd Gardenhire (R-Chattanooga) to rid the state of its loathsome traffic cameras is indeed a wonderful thing. The legislative action is long overdue, with the biggest winners being the out-of-state camera companies. That alone is just about all you ... (click for more)