The New Business Tax Climate Index Is In, And…

This just in: Virginia’s position in the Tax Foundation’s 2019 Business Tax Climate Index… 22nd in the country.

The Old Dominion scores pretty well on corporate taxes (10th) and sales taxes (10th), but poorly on property taxes (30th), individual taxes (35th), and unemployment insurance taxes (43rd).

If it’s any consolation, our neighbors to the north, Maryland and Washington, D.C., rank 40th and 46th respectively, which puts Northern Virginia in a superior competitive position. But our neighbors to the south, North Carolina and Tennessee, rank 12th and 16th respectively — bad news for the Rest of Virginia.