North Carolina finished in the bottom third of states ranked 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.

The Tar Heel State placed 38th overall, well below neighboring South Carolina (11th), Tennessee (13th), Virginia (16th) and Georgia (19th).

The index includes rankings of the top personal income tax rates in each state (North Carolina is 41st at 7.75%) and the top individual capital gains tax rates (43rd at 7.75%).

Also rated are top corporate income tax rates (North Carolina ranks 26th at 6.9%), top corporate capital gains tax rates (27th at 6.9%) and sales, gross receipts and excise taxes as a share of personal income (18th at 3.09%).

Other factors include unemployment tax rates as a share of state average pay (North Carolina is 37th at 2.59%), state gas taxes (38th at 30.2 cents per gallon) and diesel taxes (39th at 30.2 cents per gallon.

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