You'll notice the state didn't get as high of marks in categories like it did in the Kiplinger survey, particularly in the property tax area. That was because West Virginia is among the handful of states that impose a property tax on business inventories and a business franchise tax.
The franchise tax -- the state tax "on the privilege of doing business in West Virginia" -- is in the process of being phased out by the end of next year. But the inventory tax is baked into the state constitution.
To offset it, the state offers manufacturing inventory tax credits among its host of other tax credits enacted to attract business investment to the state.
The Tax Foundation, however, frowns upon these special tax incentives.
"Policymakers create these deals under the banner of job creation and economic development, but the truth is that if a state needs to offer such packages, it is most likely covering for a bad business tax climate," analysts wrote in the 2014 tax climate report.
Researches said these credits complicate the tax system, narrow the tax base, drive up the tax rates for those businesses that don't qualify for the credits, distort the free market and often fail to achieve the desired economic growth effects.
"A more effective approach is to systematically improve the business tax climate for the long term," the report said.
Experts at the West Virginia Center on Budget and Policy have also criticized these credit programs because the state does little to track their effectiveness.
Statehouse leaders might want to give the credit programs another look. It could help the West Virginia get another leg up on the competition from our neighboring states.