Illinois drops to No. 29 in U.S. Business Tax Ranking

Illinois dropped 13 places, to No. 29, in business tax climate among the 50 states, says the non-profit Tax Foundation in its 2013 State Business Tax Climate Index. Despite rating 13th best for personal income tax, Illinois’ overall ranking sank because of an increase in the corporate income tax from 4.8 percent to 7 percent.

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