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Ohio’s Tax Policy Supports Business Growth
No tax on five key areas keeps businesses growing
Ohio’s economic and business climate continues to receive positive national attention. For example, Ohio has been ranked Top 10 in Chief Executive’s annual CEO survey of Best States for Business in each of the past two years, as well as four other Top 10 rankings in leading business publications.
However, the Tax Foundation state Business Tax Climate ranking remains a negative outlier for Ohio. While the rank has improved from 42nd in 2018, in October 2019, the Tax Foundation’s 2020 State Business Tax Climate Index ranked Ohio 38th for the structure and complexity of its tax system. While this would appear to put Ohio in a negative light, we highlight how Ohio approaches its tax policy and why JobsOhio believes this policy puts companies on a strong footing for growth in our state.