Tennessee slipped a notch, but remains among the most business-friendly states for taxes, according to a new Tax Foundation report released today.
The state is 15th on the Tax Foundation’s 2013 State Business Climate Index, down from 14th in the 2012 index.
The 2013 index reflects tax policies for the various states as of July 1, the first day of the 2013 fiscal year.
Tennessee’s taxes are more business-friendly than all bordering states, which can be an edge in business recruitment.
Farragut is one of the most business-friendly cities in Tennessee and Knoxville isn’t.
So says the Nashville think tank, Tennessee Center for Policy Research, in a report released on Monday.
The report, “How Business-Friendly Are Tennessee’s Cities?”, ranks the 50 most-populous cities in the state based on factors such as job and population growth, median per capita income, city property tax rates, tax on gross receipts of sales business taxes and “community allure.”