Expert Insights: Tax Climate POWERED BY WIPFLI
Michigan’s Business and Tax Climate Ranks Near Top Nationally
The Tax Foundation consistently places Michigan in the top tier for offering businesses a favorable tax environment, a recognition that Michigan has maintained for several years. Additionally, CNBC ranked it as a top 10 state for business in 2023.
WA #28
OR #24
Notable Manufacturing States State Michigan Indiana Arizona
ID #15
Overall Tax Corporate Rank Tax Rate 11
NV #7
6.00%
10
4.90%
14
4.90%
Virginia
26
6.00%
Georgia
32
5.75%
Illinois
37
9.50%
Alabama
39
6.50%
California
48
8.84%
New York
49
6.5-7.25%
MT #5
CA #48
AZ #14
MN #45 WI #27
SD #2
WY #1
UT #8
VT #44
ND #17
IA #38
NE #29 CO #21
KS #25
OK #23
NM #22
TX #13
MI #11
MO #11
IN #10
NH #6 MA #34
NY #49
RI #42 PA #33
IL #37
ME #35
OH #37
WV #20
NJ #50
CT #47
MD #46 DE #16 VA #26
KY #18 NC #10
TN #14
SC #31
AR #40 MS #30
AL #39
GA #32
LA #39 FL #4
AK #3
HI #43
This index measures the general competitiveness of a state’s overall tax system using five major areas of taxation: corporate, individual, sales, property, and unemployment insurance taxes. Source: Tax Foundation