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Study: Washington great for business

Photo: Clipart.com

Study: Washington great for business

KGMI News Reporting
By Karen Taylor

WASHINGTON STATE – Washington state ranks in the top ten states with the best tax climate for businesses.

In a study done by the Tax Foundation, Washington ranks sixth on the State Business Tax Climate Index.

Study co-author Scott Drenkard says the index measures how well state taxes are structured for businesses.

Play Scott Drenkard on study

He says Washington could rank higher if the state replaced the B&O tax with the corporate income tax.

Washington is one of only four states with a B&O tax.

Wyoming, South Dakota, Nevada, Alaska and Florida ranked above Washington on the state business tax climate index.

California, New Jersey and New York came in last.