South Dakota took the crown this year in the annual State Business Tax Climate Index. After a number of years of finishing second to Wyoming, South Dakota had the best business tax climate in the nation. Perhaps owing to their humble nature, South Dakota seems to have its minds made up to not repeating their performance. HJB 1002 if passed would impose a 6% corporate tax. A tax of this sort would destroy South Dakota’s Index score as well as send wrong message to business. While it might be hard to say why a democrat lost the Massachusetts senate seat, it’s easy to know why South Dakota would fail in terms of a business friendly environment.
