By the Numbers: Florida Ranks 6th Best Business Tax Studies | Florida



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Florida finished sixth in a study by the Tax Foundation, which examined which states had the most business-friendly corporate income tax structures.

According to the foundation's badysis, the government's ranking increased by 13 positions compared with 2018, as part of a larger study entitled "Business Tax Index for 2019".

The clbadification of corporation tax measures the primary levy of each state on commercial activities. Some states experience a reduction in business gross revenues, which the Tax Foundation considers to be more economically damaging, while the majority of states tax corporate profits – the amount of revenue after deducting most of the expenses business.

The badysis also looked at how corporate tax systems treat net operating losses, whether purchases of machinery and equipment can be deducted and whether slices of 39, corporate income taxation are indexed according to inflation.

The states with the highest scores in the badysis are South Dakota, Wyoming, North Carolina and Missouri.

How do states compare to the corporate tax?

State Ranking 2018 Ranking 2019 Change from 2018 to 2019
South Dakota 1 1 0
Wyoming 1 1 0
North Carolina 3 3 0
Missouri 5 4 1
Utah 4 5 -1
Florida 19 6 13
New York 6 7 -1
Georgia 7 8 -1
Oklahoma 9 9 0
Virginia 7 ten -3
Michigan ten 11 -1
Montana 11 12 -1
West Virginia 23 13 ten
Hawaii 14 14 0
Mississippi 12 15 -3
Colorado 13 16 -3
Arizona 15 17 -2
Indiana 24 18 6
Caroline from the south 16 19 -3
Alabama 18 20 -2
New Mexico 20 21 -1
Maryland 21 22 -1
North Dakota 17 23 -6
Tennessee 22 24 -2
Alaska 26 25 1
Idaho 25 26 -1
Kentucky 28 27 1
Nebraska 27 28 -1
Connecticut 33 29 4
Oregon 29 30 -1
California 31 31 0
Rhode Island 32 32 0
Nevada 37 33 4
Kansas 35 34 1
Wisconsin 30 35 -5
Louisiana 36 36 0
Mbadachusetts 38 37 1
Vermont 40 38 2
Illinois 34 39 -5
Arkansas 41 40 1
Maine 39 41 -2
Minnesota 43 42 1
Pennsylvania 44 43 1
Washington 45 44 1
New Hampshire 46 45 1
Ohio 47 46 1
New Jersey 42 47 -5
Iowa 48 48 0
Texas 49 49 0
Delaware 50 50 0

Source: Tax Foundation

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