The tax climate of Connecticut ranked 42nd this year out of all 50 states, according to a new report by the Tax Foundation. Connecticut rose one place in the 2014 State Business Tax Climate Index, going from 43rd to 42nd place in the rankings.
The top ranked states were Wyoming (No. 1), South Dakota (No. 2) and Nevada (No. 3); and the lowest ranked were New York (No. 50), New Jersey (No. 49) and California (No. 48).