The Tax Policy Blog

February 26, 2008

A recent article on Stateline.org provides a detailed explanation of the growing trend of state tax incentives for the movie industry:

Along the desert outskirts of Albuquerque sits a collection of cavernous buildings the size of airplane hangars, some more than six stories tall. Built for $75 million, with another $15 million expansion in the works, they house make-believe...

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February 25, 2008

The Cato At Liberty blog has been reporting on the wave of tax simplification and corporate rate cuts taking place across the world:

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February 25, 2008

Proponents of state-run lotteries frequently argue that if lotteries are to be legal, they must be run by the state to prevent or decrease lottery-related crime. There are several problems with this argument.

First, government involvement in gambling has the potential to increase certain types of crime, notably bribery. In the nineteenth century, members of the Louisiana legislature accepted bribes from a private company in exchange for a 25-year charter naming the company...

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February 22, 2008

Stateline.org recently compiled a useful list of governors' 2008 speeches to their legislatures.  This page contains a summary of each governor's speech as well as a link to the full-text speech. As expected, taxes are a major theme that comes up in state after state.

February 21, 2008

New Jersey's disgraceful actions came up in last week's hearing in front of the House Small Business Committee about H.R. 5267, the Business Activity Tax Simplification Act of 2008 (BATSA). The recently introduced bipartisan bill would prevent states from reaching across their borders to tax businesses that have no physical property or employees within a state. Many...

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February 21, 2008

Property taxes are such a hot topic in state and local government finance right now that it's easy to forget that property tax battles are nothing new. California's historic Proposition 13, for example, took place thirty years ago.

From our archives, a 1978 article titled Property Taxation after the California Vote provides a brief overview of Proposition 13 as well as a...

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February 20, 2008

George Washington University tax law professor David Brunori (also Tax Analysts columnist) has written a column this week in State Tax Notes that makes us at the Tax Foundation realize that somebody else out there is as fed up as we are at the "asinine" tax proposals that come from many state lawmakers (and members of Congress...

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February 19, 2008

From Niki Lohrmann of Tax Analysts:

Indiana Gov. Mitch Daniels (R) on February 15 blasted the General Assembly, and his Republican colleagues especially, for overriding a veto on a film incentive bill (HB 1388) he blocked last year.[...]

The bill authorizes a refundable tax credit for some media production...

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February 19, 2008

The U.S. Supreme Court today declined to hear a case involving the taxation of a Michigan business in Washington State. The case, Ford Motor Co. v. City of Seattle, involved $1.7 million in taxes charged by the cities of Seattle and Tacoma on the Ford Motor Co., for its sales to dealers located in Washington State. Although only most of Ford's wholesale activity occurred outside Seattle and Tacoma, the two cities assessed taxes on 100 percent of the sales.

The...

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February 19, 2008

Recently an incorrect comparison of income taxes under Presidents Clinton and Bush has been making the rounds of the internet, showing up in forwarded e-mails and on numerous blogs and message boards. (See examples here, here,...

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February 18, 2008

The Washington Post yesterday covered New York Governor Eliot Spitzer's proposal to tax illegal substances:

Gov. Eliot L. Spitzer (D), struggling to close a $4.4 billion budget gap, has proposed making drug dealers pay tax on their stashes of illegal drugs. The new tax would apply to cocaine, heroin and marijuana, and could be paid...

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February 18, 2008

We've updated our page of links to state individual income tax forms:

http://www.taxfoundation.org/legacy/show/22923.html

February 18, 2008

In honor of Presidents’ Day, we have compiled a list of quotes on tax policy from various U.S. presidents.

♦ Taxes, after all, are dues that we pay for the privileges of membership in an organized society.          
         —Franklin D. Roosevelt

♦ Excessive taxation ...  will carry reason and reflection to every man's door, and particularly in the hour of election.
         —Thomas Jefferson

♦ Unless we wish to hamper the people in their...

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February 17, 2008
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February 15, 2008

As residents of Northern Virginia begin to pay seven new taxes implemented by a non-elected body, the Virginia Supreme Court is considering whether these new taxes are constitutional. The Tax Foundation released a paper today discussing the legal challenge and highlighting the use of non-legislative bodies to "get around" taxpayer protection statutes.

"The concept of taxation with representation is as American as apple pie," said paper author and Tax Foundation tax counsel...

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Subscribe to Tax Foundation - Tax Foundation's Tax Policy Blog The Tax Policy Blog is the official blog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.

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