Mount Rushmore
January 14, 2021

South Dakota Ranks #2 in Business Climate Index

Rapid City, SD 1.14.2021 - South Dakota ranks #2 in the 2021 Tax Foundation’s State Business Tax Climate Index.This Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure their tax systems and provides a road map for improvement. The absence of a major tax is a common factor among many of the top 10 states. Property taxes and unemployment insurance taxes are levied in every state, but there are several states that do without one or more of the major taxes: the corporate income tax, the individual income tax, or the sales tax.  South Dakota has no corporate or individual income tax.  Read the full report here, -