Tax Reform Moving Quickly in Georgia
In response to federal tax reform, Georgia is poised to reform its own tax code in a way that would make the state more competitive with its neighbors.
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Oregon’s Chance to Limit a Flaw in the Federal Tax Code
Senator Hass’s proposal to limit the special pass-through deduction in Oregon is the right choice, protecting the state’s budget, while advancing sound tax policy.
Americans Consume Much More than They Invest
Recent data show that Americans stand out for consuming much more than they invest, and this is due in part to the tax code’s bias against savings.
The United States’ Corporate Income Tax Rate is Now More in Line with Those Levied by Other Major Nations
The Tax Cuts and Jobs Act significantly reduced the federal statutory corporate income tax rate. When combined with state and local taxes, it put the U.S.’s corporate tax rate in line with the average among OECD nations.
The ‘Grain Glitch’ Needs to Be Fixed
The Tax Cuts and Jobs Act tax preference for farm co-ops would distort agricultural activity and create tax planning opportunities for wealthy taxpayers.
State Corporate Income Tax Rates and Brackets for 2018
State corporate income tax rates range from 3 percent in North Carolina to 12 percent in Iowa. Download and compare each state’s 2018 rates and brackets here.
Testimony: Oregon Should Consider Decoupling From the Pass-Through Deduction
Oregon’s Legislative Revenue Office anticipates a $40 million revenue loss in fiscal year 2019, for one simple reason: absent legislative action to the contrary, Oregon will adopt the new pass-through deduction, while most other states will not.
The U.S.’s New Ranking on the International Tax Competitiveness Index
The TCJA is projected to improve the United States’ current ranking from 30th among the 35 Organisation for Economic Co-operation and Development (OECD) countries to 25th, an improvement of five places.
Pennsylvania’s New Penalties on Investment Could Scare off Amazon, Others
While other states are working to promote growth, Pennsylvania is headed in the opposite direction with a policy that dramatically overtaxes investment.
West Virginia Constitutional Amendment Would Roll Back Property Taxes on Machinery and Equipment
Governor Justice’s proposal to roll back West Virginia’s tangible personal property tax, a tax on equipment and machinery, is an opportunity improve the state’s outmoded property tax structure.
Tax Reform Moves to the States: State Revenue Implications and Reform Opportunities Following Federal Tax Reform
Federal tax reform gives states an opportunity to improve their own tax codes. This study surveys the federal provisions to which states conform, what each state can expect from federal tax changes, and what options are available to them.
