Wis. Business Council: Wisconsin sees best tax ranking in nearly 50 years

Contact: Brian Taffora

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State ranks 21st per capita nationwide; best since 1961

MADISON – The Wisconsin Business Council on Monday lauded a new report by the Wisconsin Department of Revenue that showed the state and local tax burden at its lowest level since 1961 in a ranking of all 50 states and the District of Columbia.

Wisconsin ranked 15th in state and local taxes per $1,000 of personal income and 21st per capita, the state’s lowest ranking since its general sales tax was adopted nearly 50 years ago.

“These rankings are great news for Wisconsin, and it shows we’re on the right track toward making our state more competitive in attracting the best businesses and people,” said Phillip Prange, President and CEO of the Wisconsin Business Council. “We’d like to congratulate the Governor, the current Democratic leadership, and the past Republican leadership on this achievement and thank them for their efforts.”

Another recent report, prepared by Ernst and Young for the Council on State Taxation, ranked the tax burden on Wisconsin’s state and local businesses 30th in the nation, meaning Wisconsin has a better tax environment for businesses than most of the country.

“We look forward to working with leaders from both parties to build on this success and help grow Wisconsin’s economy and create new jobs,” Prange said.

To view the complete report from the Department of Revenue, please click here: http://www.revenue.wi.gov/ra/10txrank.pdf. To view the full report for the Council on State Taxation, please click here: http://cst.informz.net/z/cjUucD9taT03MzA4NDcmcD0xJnU9MCZsaT0yNzg3MDUx/index.html.

The Wisconsin Business Council is an organization that seeks to support Wisconsin’s economic climate and quality of life through collaboration, improved public policy, and private sector initiatives. For more information, please visit http://www.wibusiness.org.