![](https://taxfoundation.org/wp-content/uploads/2020/04/California-golden-gate-e1587750341429-300x200.jpg)
Blog Articles
![](https://taxfoundation.org/wp-content/uploads/2020/04/California-golden-gate-e1587750341429-300x200.jpg)
![LIFO tax treatment of inventory LIFO repeal US supply chain resiliency Biden small business taxes Biden tax plan small business impact Investments in long-lived assets, such as structures, must be deducted over long cost recovery periods: up to 27.5 years (for residential buildings) or 39 years (for nonresidential buildings), cost recovery of buildings.](https://taxfoundation.org/wp-content/uploads/2020/01/Building-structures-factory-crop-e1578339573862-300x172.jpeg)
Reducing the Bias Against Long-term Investments
Other countries have shown that providing deductions in line with invested capital costs can have positive impacts both on investment and on debt bias.
7 min read![alabama cares act relief, missouri cares act relief, alabama excempt cares act relief from income tax, missouri exempt cares act relief from income tax](https://taxfoundation.org/wp-content/uploads/2020/05/st-louis-missouri-300x225.jpg)
Alabama, Missouri Bills Would Exempt CARES Relief from Income Tax Calculation
Alabama and Missouri are considering excluding the CARES Act Economic Impact Payments from being taxed and exclude them from state income tax calculations.
2 min read![Maryland digital advertising tax litigation Maryland internet freedom actregulations Maryland digital advertisement tax, Maryland digital tax, Maryland digital advertising tax](https://taxfoundation.org/wp-content/uploads/2020/03/linkedin-In-Stream_Wide___Maryland-annapolis-capitol-e1583940370364-300x158.jpeg)
Gov. Hogan Vetoes Maryland Digital Advertising Tax Legislation
Gov. Hogan vetoed a proposed first-in-the-nation digital advertising tax that would have imposed rates of up to 10 percent on digital advertising served to Marylanders.
3 min read![](https://taxfoundation.org/wp-content/uploads/2020/05/recovery-01-300x169.png)
Watch: Coronavirus: A Path to Economic Recovery
What challenges should we expect to face as the U.S. economy begins to re-open? When is the right time for legislators to start focusing on long-term recovery vs. short-term needs? What policies should federal legislators pursue to clear a path to recovery?
1 min read![White House considers capital gains tax cut, neutral cost recovery, full expensing amid coronavirus economic relief options, coronavirus business relief](https://taxfoundation.org/wp-content/uploads/2020/05/neutral-cost-recovery-vs-capital-gains-300x220.png)
White House Considers Neutral Cost Recovery for Structures
When considering long-term policies for increasing long-run levels of investment and economic growth, full expensing and neutral cost recovery are better targeted than policies like a capital gains cut.
6 min read![OECD Pillar 1 Amount A proposal OECD Secretariat, OECD unified approach pillar 1, OECD pillar 1, OECD international tax, OECD unified approach digital tax, OECD multinational businesses, OECD digital tax](https://taxfoundation.org/wp-content/uploads/2019/10/flag-oecd-international-3-e1571950955538-300x200.jpeg)
Chaos to the Left of Me. Chaos to the Right of me.
The OECD recently announced that the negotiation timeline for new digital tax proposals has now been pushed back to October due to the COVID-19 pandemic, although the end-of-year deadline for the overall project is still in place.
5 min read![US treasury state tax cuts limitation rule American Rescue Plan State tax cuts Treasury clarification ban state tax cuts. US Treasury guidance, US Treasury Audit](https://taxfoundation.org/wp-content/uploads/2020/05/linkedin-In-Stream_Wide___Us-treasury-building-enhanced-e1588685408447-300x158.jpg)
![expensing leads to more investment and higher employment, full expensing, 100 percent expensing, 100 percent bonus depreciation, does not replace workers with machines, does not replace workers with robots](https://taxfoundation.org/wp-content/uploads/2020/05/business-factory-worker-equipment-machinery-e1589904093669-300x200.jpeg)
Reviewing the Economic and Revenue Implications of Cost Recovery Options
Permanent full expensing for all types of investment is an effective policy change lawmakers can use to encourage additional investment and economic growth.
9 min read![Manufacturing, Machinery, Factory, Full Expensing, 100 percent bonus depreciation](https://taxfoundation.org/wp-content/uploads/2020/04/Adobe-Stock-Manufacturing-Machinery-Factory-Full-Expensing-e1588002302550-300x181.jpeg)
Reviewing the Benefits of Full Expensing for the Post-Pandemic Economic Recovery
One of the most cost-effective policy changes would be to make full expensing of machinery and equipment permanent and extend this important tax treatment to structures as well as for firms in a net operating loss position.
7 min read![Virginia local option sales tax](https://taxfoundation.org/wp-content/uploads/2017/01/virginia-300x200.jpg)
April 24th Afternoon State Tax Update
Virginia enacted a biennial budget, which includes a new excise tax on “skill games.” Meanwhile, Arizona and Connecticut announced plans to convene in special sessions later this year while Oklahoma gets the green light to use rainy day fund money to close budget gaps.
4 min read![windfall profits tax windfall tax excess profits tax windfall taxes definition oil prices](https://taxfoundation.org/wp-content/uploads/2020/04/linkedin-In-Stream_Wide___oil-rig-1-e1587738500666-300x158.jpg)
Historic Oil Price Burns Hole in State Budgets
Alaska and North Dakota collect revenue primarily from oil-related taxes. These states must start thinking about how to plan for an era of reduced oil revenue.
5 min read![](https://taxfoundation.org/wp-content/uploads/2015/11/Louisiana-Capitol-300x150.jpg)
Louisiana Can Look to Tax Reform for Aid in a Post-Coronavirus Recovery
As states look for a path out of these fiscally troubling times, Louisiana has several options for aspects of its tax code to promote economic recovery and growth. The Pelican State’s federal deductibility, Corporation Franchise Tax, and sales tax structure present opportunities for beneficial tax reform in the wake of the coronavirus crisis.
3 min read![](https://taxfoundation.org/wp-content/uploads/2020/04/state-01-01-300x169.png)
Watch: State Tax Policy and COVID-19
What could the next phase of relief look like and what role does tax policy play in ensuring the U.S. and countries around the world make a strong economic recovery?
1 min read![American Rescue Plan state tax cuts treasury clarification on American Rescue Plan ban on state tax cuts. Treasury minimum tax on current minimum tax on foreign profits of U.S. companies](https://taxfoundation.org/wp-content/uploads/2018/12/AdobeStock_82143769-e1576168823228-300x200.jpeg)
New Guidance on State Aid Under the CARES Act
The U.S. Department of the Treasury recently issued new guidance on allowable expenses using the $150 billion in state aid provided under the CARES Act, a point on which there has been considerable confusion.
3 min read![Permanent Build Back Better middle class tax hike Tax Cuts and Jobs Act, Tax Reform](https://taxfoundation.org/wp-content/uploads/2018/09/Capitol-washington-dc-300x240.jpg)
Senate Passes Additional Funding for Small Business Relief, But Questions Remain on the Deductibility of PPP Expenses
The sooner federal policymakers or regulators clarify tax questions about the Paycheck Protection Program (PPP), the more certainty firms will have when they accept the economic relief to keep their businesses afloat.
3 min read![unemployment compensation taxable income unemployment compensation as taxable income american rescue plan act's exclusion A person filling out tax papers, tax treatment of the working class](https://taxfoundation.org/wp-content/uploads/2019/03/Writing-Drafting-Error-Correction-Law-Bill-e1553117990507-300x200.jpeg)
Keeping it Simple: Approaching the Next Stage of Coronavirus Tax Policy
When businesses and taxpayers look to the government for relief, it is paramount that lawmakers do their best to craft transparent and coherent legislation that is the least confusing for all.
4 min read![](https://taxfoundation.org/wp-content/uploads/2020/06/linkedin-In-Stream_Wide___capitol-fountain-e1592343339423-300x158.jpeg)
Tax Policy After Coronavirus: Clearing a Path to Economic Recovery
Governments at all levels must work to remove the tax policy barriers that stand in the way of economic recovery and long-term prosperity following the COVID-19 crisis. Our new guide outlines several comprehensive options that policymakers can take at the federal and state levels.
26 min read![Digital tax debate, Digital taxes around the world, Digital economy taxes](https://taxfoundation.org/wp-content/uploads/2020/04/digital-internet-work-technology-e1587071388784-300x200.jpg)
States Should Be Allowed to Levy Sales Taxes on Internet Access
On July 1, sales taxes levied on internet access in six states—Hawaii, New Mexico, Ohio, South Dakota, Texas, and Wisconsin—will become illegal under the provisions of the Permanent Internet Tax Freedom Act (PITFA)
4 min read![](https://taxfoundation.org/wp-content/uploads/2020/03/chicago-coronavirus-e1584502203297-300x200.jpeg)
A Review of Net Operating Loss Tax Provisions in the CARES Act and Next Steps for Phase 4 Relief
In addition to providing economic relief to individuals and loans to businesses struggling during the coronavirus crisis, the CARES Act changed several tax provisions to increase liquidity to ensure firms survive a large decline in cash flow.
7 min read