TRENTON, N.J. (AP) — New Jersey no longer has the worst business tax climate among the 50 states.

It’s moved up a spot to 49th.

That’s according to the Tax Foundation, a nonpartisan government fiscal monitor that ranks the states’ tax systems for businesses each year.

The ranking for 2013 was released Tuesday. It’s based on a snapshot of the states taken on July 1, the day most begin a new fiscal year. The foundation’s rating is based on tax hospitality to businesses and includes corporate and individual income taxes, sales and unemployment taxes and amount of property taxes.

New Jersey ranks in the bottom 10 in all but unemployment insurance taxes, where it falls in the middle of the pack.

Last place overall now belongs to New York.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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