This month’s featured article from TEF.

Is Iowa a Business Friendly State?

By John Hendrickson

The Tax Foundation and the Small Business and Entrepreneurship Council (SBE) have both published studies comparing how the fifty states rank in regard to their business climate. Both studies compare the states using a variety of tax comparisons. Some of the major tax areas examined include corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes, and property taxes.[1] The SBE Small Business Policy Index 2017 measures not only taxes but other factors such as regulations and other policies that impact business.[2] Iowa is ranked 40th in the Tax Foundation’s 2017 State Business Tax Climate Index and 42nd in the SBE’s Small Business Policy Index.[3] Iowa’s low ranking demonstrates the need for tax reductions for the benefit of all taxpayers and to create opportunities for economic growth.

[1]Jared Walczak, Scott Drenkard, and Joseph Henchman, 2017 State Business Tax Climate Index, Tax Foundation, Washington, D.C., 2017, <> accessed on February 21, 2017.

[2]Raymond J. Keating, Small Business Policy Index 2017: Ranking the States on Policy Measures and Costs Impacting Small Business and Entrepreneurship, 21st Annual Edition, Small Business & Entrepreneurship Council, February 2017, <> accessed on February 21, 2017.

[3]Walczak, Drenkard, and Henchman.,  Keating.

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