ND improves in business tax rankings.North Dakota shows improvement in a study on how each state taxes businesses.
BISMARCK, N.D. (AP) - North Dakota shows improvement in a study
on how each state taxes businesses. But it still lags behind its
The Washington, D.C.-based Tax Foundation produces an annual
report on the business tax climates of states. It's most recent
study ranks North Dakota 25th among the 50 states, after four years
of ratings in the low 30s. The foundation's rankings are considered
important by legislators and economic development officials.
South Dakota, which has no individual or corporate income tax,
was ranked first.
Montana was rated sixth among the 50 states. Minnesota's
business tax climate was ranked 43rd.
North Dakota Tax Commissioner Cory Fong says the Legislature
helped improve the state's ranking by cutting individual income and
corporate tax rates and reducing the number of corporate tax
brackets from five to three.
Fong says North Dakota's tax system may never attain a top
rating because tax collections are spread across income, sales and