The Tax Policy Blog

June 15, 2015

Magna Carta is rarely remembered as an instrument of tax reform; rather, we tend to celebrate it for its ban on fish-weirs, standardization of corn measures, exclusion of the d’Athee family from royal service, and, okay, perhaps also its contribution to the development of the rule of law.

But even if we don’t usually think of taxes as Magna Carta’s bailiwick (still less the d’Atheés': “We will...

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June 12, 2015

Summer may be upon us but we’re still working with the states in session. Here’s a quick list of the studies, testimonies, and updates we’ve put out in the last two weeks:

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June 12, 2015

The Kansas Senate just voted 21-19 to concur in the House tax plan (SB 270/HB 2109), sending it to Governor Brownback who has said he will sign it. The plan has eight major components:

  • Increases the state sales tax from 6.15 percent to 6.5 percent, effective July 1, 2015 (although retailers have 30 days to implement, which may push back the actual effective date). Coupled with local sales taxes, Kansas now leapfrogs California to have the ...
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June 12, 2015

Earlier today, Connecticut governor Dannel Malloy (D) announced proposed revisions to the $2 billion in tax increases in the recently-passed biennial budget. The proposal would cancel a planned increase of a tax on data processing, delay a planned switch to combined income reporting until 2016, and eliminate...

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June 12, 2015

1969: the year Nixon took office, the year of the first manned Moon landing, and the year that Butler County, Pennsylvania completed its last property tax assessment.

Now, there’s really no reason to single out Butler County other than the fact that I once lived there—the reality is, going decades without a reassessment isn’t all that unusual in Pennsylvania, just one of several quirks in the Commonwealth’s tax structure discussed at a Pennsylvania Senate Finance Committee hearing...

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June 12, 2015

Yesterday evening, Louisiana legislators passed a large set of tax-related bills as a part of the state’s overall budget package. Louisiana has had an interesting legislative session. The budget shortfall was $1.6 billion, and statutory dedications in the state make it very difficult to cut spending in programs other than higher education and health care.

Another important wrinkle is that Governor Jindal, a presidential hopeful, is an Americans for Tax Reform (ATR) ...

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June 12, 2015

Alabama's legislative session ended last Thursday, but lawmakers have yet to come to an agreement on how to close the upcoming fiscal year budget gap. Last month, we wrote about three revenue increase plans that were on the table. Below is an overview of what those revenue plans looked like (click ...

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June 11, 2015

Illinois lawmakers still haven’t reached a budget deal, even though the legislative session came to a close on May 31st. The General Assembly and Governor Rauner have until July 1 to come to a solution—the date when the new fiscal year begins.

As my colleague Joseph Henchman pointed out recently,

[Governor] Rauner in...

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June 11, 2015

In an op-ed published today in The Hill, Mike Garland and Susan Reilly of the American Wind Energy Association advocated for the long-term continuation of the Production Tax Credit (PTC) for renewable energy. Since the Energy Policy Act of 1992, the PTC has played a significant...

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June 11, 2015

State and local governments obtained 23 percent of their combined tax collections from general sales taxes in the 2012 fiscal year (the most recent year available). This week’s map shows the amount of state and local sales tax collections per capita in each state.

Click on map to enlarge. (See our reposting policy here.)

...

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June 11, 2015

European Commissioner for Competition Margrethe Vestager announced yesterday that the European Union (E.U.) would widen an investigation into member states’ tax policies, which she alleges aided international corporations in attaining selective tax advantages. Countries under investigation include Estonia, Ireland, and Luxembourg, all of which rank in the...

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June 10, 2015

In a recent interview on ABC’s This Week, Presidential hopeful Bernie Sanders reiterated his position that he wants the United States to look more like Scandinavian countries policy-wise:

George Stephanopoulos: “I can hear the Republican attack ad right now: ‘He wants America to look more like Scandinavia.’”

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June 09, 2015

In today’s New York Times, Michael Mandel of the Progressive Policy Institute writes about the ongoing international efforts to stop multinational corporations from evading taxes. In his column, he speculates that the G20’s Base Erosion and Profit Shifting project might cause American jobs to move overseas:

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June 09, 2015

Colorado voters will face two options this November: either allow the state government to keep revenue from recreational marijuana, or reclaim the tax dollars via several types of tax refunds. The Taxpayer Bill of Rights (TABOR), a well-known amendment to the Colorado Constitution, requires the state to refund taxpayers if the state’s spending or revenue collections exceed the previous projections.

The...

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June 05, 2015

Earlier this week, the Connecticut Legislature adopted a $40.3 billion biennial budget that includes significant changes to the state’s tax structure. Facing a projected deficit of nearly $3 billion in FY 2016-17, legislators acted on a budget which raises approximately $...

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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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