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Illinois came out better than average in the Small Business and Entrepreneurship Council’s Business Tax Index for 2009, an annual assessment of the tax climate businesses and entrepreneurs face in the 50 states and the District of Columbia.

Overall, Illinois ranked 18th on a scale of 1 (least taxed) to 51 (most taxed).

The index includes rankings of the top personal income tax rates in each state (Illinois is 10th at 3%) and the top individual capital gains tax rates (12th at 3%).

Also rated are top corporate income tax rates (Illinois ranked 29th at 7.3%), top corporate capital gains tax rates (30th at 7.3%) and sales, gross receipts and excise taxes as a share of personal income (23rd at 3.31%).

Other factors include unemployment tax rates as a share of state average pay (Illinois placed 20th at 1.55%), state gas taxes (43rd at 32.4 cents per gallon) and diesel taxes (45th at 38.9 cents per gallon). 

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