New Jersey finished next to last in the Small Business and Entrepreneurship Council’s (SBEC) Business Tax Index for 2009. The SBEC annually assesses the tax climates for business and entrepreneurs in the 50 states and the District of Columbia.

This year, the Garden State finished ahead of only the District of Columbia.

The index includes rankings of the top personal income tax rates in each state (New Jersey is tied for 47th with New York at 8.97%) and the top individual capital gains tax rates (tied for 48th with New York at 8.97%).

Also rated are top corporate income tax rates (New Jersey is 45th at 9.36%), top corporate capital gains tax rates (46th at 9.36%) and sales, gross receipts and excise taxes as a share of personal income (ninth at 2.49%).

Other factors include unemployment tax rates as a share of state average pay (New Jersey ranks 35th at 2.54%), state gas taxes (fourth at 14.5 cents per gallon) and diesel taxes (seventh at 17.5 cents per gallon).

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