State comparisons
Compare Why Ohio is Different
Use the Ohio State-to-State comparison to understand why Ohio is the best location for you next capital investment. Click here to use the tool.
Use the Ohio State-to-State comparison to understand why Ohio is the best location for you next capital investment. Click here to use the tool.
Ohio's revamped state taxes will be the lowest among the Midwestern states of Illinois, Indiana, Kentucky, Michigan, Pennsylvania and West Virginia.
An Ernst & Young analysis of key manufacturing and service industries in these Midwestern states – Illinois, Indiana, Michigan, Minnesota and Wisconsin – found that:
- Ohio's effective tax rate on new capital investments by manufacturing industries will be 40 percent lower than the five-state average
- Ohio's effective tax rate on selected service industries will be 29 percent lower than the five-state average
- For all industries studied, Ohio's effective state and local tax rate is 37 percent lower than the five-state average
