The Bridge Street Bridge, Passaic River and Newark skyline are seen from Harrison, New Jersey.
Emile Wamsteker | Bloomberg | Getty Images
Reforms in the New York budget that simplified the tax code have made that state a better place for corporations to do business, according to analysis from the Tax Foundation in Washington, D.C., Crain's reports.
The state's overall tax climate improved by two slots to 48th in the nation from dead last.
The honor for the worst state to do business went to New Jersey, according to the Tax Foundation's analysis.
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—CNBC.com