The tax climate of Nebraska ranked 34th this year out of all 50 states, according to a report released Wednesday by the Tax Foundation.
The Cornhusker State’s rank remains unchanged from 2013 in the 2014 State Business Tax Climate Index. Iowa is 40th.
The top 10 states for 2014 are Wyoming, South Dakota, Nevada, Alaska, Florida, Washington, Montana, New Hampshire, Utah and Indiana.
The 10 lowest ranked states are Maryland, Connecticut, Wisconsin, North Carolina, Vermont, Rhode Island, Minnesota, California, New Jersey and New York at number 50.
The State Business Tax Climate Index collects data on over 100 tax provisions for each state and synthesizes them into a single score. The states are then compared against each other, so that each state’s ranking is relative to actual policies in place in other states around the country. A state’s ranking can rise or fall significantly based not just on its own actions, but on the changes or reforms made by other states.
The Tax Foundation is a nonpartisan research organization that has monitored fiscal policy at the federal, state and local levels since 1937.