Tax Foundation: N.H. has 8th-best tax climate in nation
New Hampshire has the eighth-best tax climate in the nation, according to a new report from the Tax Foundation.
The conservative think tank’s 2014 State Business Tax Climate Index, released yesterday, ranked all 50 U.S. states based on their taxes – property, income, sales, unemployment and corporate.
Wyoming finished first overall, while New York came in last place. New Hampshire took the eighth spot overall, down from seventh place in last year’s report.
In terms of corporate taxes, though, this year’s report ranked New Hampshire 48th among the states, prompting several calls yesterday from Republican leaders for reform.
“This should serve as another red flag to lawmakers that we need to take a serious look at our approach to business taxes in New Hampshire,” said House Minority Leader Gene Chandler, a Bartlett Republican.
“This dubious ranking should be a wake-up call to every state elected official who says that they are concerned about creating jobs in New Hampshire,” said Greg Moore, the state director of Americans for Prosperity.