INDIANAPOLIS – The Tax Foundation, an independent tax policy research organization, updated its State Business Tax Climate Index for 2021. The new rankings have Indiana maintaining its status as the best tax climate in the Midwest. The Hoosier State also moved up in overall ranking to ninth best business tax climate in the nation.

“Governor Holcomb and our Republican General Assembly have cut taxes and kept Hoosiers’ overall tax burden low. That why, even during this pandemic, Indiana continues to be a magnet for job creators and investment. Under Governor Holcomb’s steady leadership, Indiana is balancing lives and livelihoods, making our state an even more attractive state for business,” said Kyle Hupfer, chairman of the Indiana Republican Party.

Through Republican leadership in the Indiana General Assembly and three successive Republican governors—Mitch Daniels, Mike Pence and Eric Holcomb—Indiana has cut corporate, property and personal income taxes over 19 times. These tax cuts, along with cuts and reforms in state government and responsible fiscal management, have led to several additional recognitions for Indiana.

In addition to the Tax Foundation’s ranking, Indiana is rated as having the best business climate in the Midwest by Chief Executive magazine and the best infrastructure in the country by CNBC. This record of accomplishment has also led to record-setting years for job creation in 2017 and 2018, and a record for the average hourly wage of new jobs in 2019.

“Governor Holcomb has Indiana in the pole position and, as he likes to say, the best is yet to come,” Hupfer added.