Yesterday we unveiled the eagerly awaited Tax Foundation State Business Tax Climate Index for fiscal year 2008. The Index ranks how “business-friendly” the 50 state tax systems are, providing a roadmap for state lawmakers concerned with keeping their states tax-competitive. The Index ranks states based on the taxes that matter most to businesses and business investment: corporate tax, individual income tax, sales tax, unemployment tax and property tax. Wyoming tops the list this year as the most business tax-friendly state, followed by South Dakota. At the bottom of the list are Rhode Island and New Jersey. The Top and Bottom 10 Business Tax-Friendly States in FY2008 Top 10: Bottom 10: 1. Wyoming 2. South Dakota 3. Nevada 4. Alaska 5. Florida 6. Montana 7. New Hampshire 8. Texas 9. Delaware 10. Oregon 41. Maine 42. Minnesota 43. Nebraska 44. Vermont 45. Iowa 46. Ohio 47. California 48. New York 49. New Jersey 50. Rhode Island Click here to download the full 64-page State Business Tax Climate Index and click here for the 4-page executive summary.