March 9, 2017
Individual income taxes are a major source of state revenue (36 percent of collections).Their prominence is increased by the fact that taxpayers file their individual income taxes directly, unlike the sales tax, for example. For many, the personal income tax is practically synonymous with their own tax burdens.
Nov. 8, 2016
Okay, maybe that’s not the biggest draw today. Perhaps that honor belongs to Oregon Measure 97, or Maine Question 2, or Louisiana Amendment 3, or California Proposition 55. But just on the off chance that these aren’t the headlines on the election coverage you’re following, here’s a quick guide to some of the major tax-related ballot issues voters will see today
Oct. 18, 2016
On the issue of taxation alone, voters must decide whether to impose a first-in-the-nation carbon tax (Washington), adopt a new income and payroll tax to fund a state public option health care system (Colorado), levy a high-rate gross receipts tax (Oregon), extend temporary income tax increases (California), impose a new high-income surcharge (Maine), legalize and tax marijuana (five states), and hike cigarette taxes (four states), just to name a few of the tax changes on ballots across the country.
Sept. 28, 2016
The Tax Foundation’s State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure their tax systems, and provides a roadmap for improvement.
Sept. 14, 2016
The studies, published by The American Review of Public Administration and American Politics Research, examine why states adopted or terminated film tax incentive programs and measures the effects of film tax credits in 40 states on employment and wages from 1998 to 2013. The authors found that sales tax waivers had no measurable effects; transferable tax credits had a small, sustained effect on employment but no effect on wages; and the most generous form of tax credit, refundable credits, had no employment effect and a temporary wage effect. Spending more on incentives had no lasting impact.