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![Schumer marijuana bill recreational marijuana tax revenue by state](https://taxfoundation.org/wp-content/uploads/2021/01/marijuana-money-revenue-e1610553093550-300x200.jpeg)
![Schumer marijuana bill recreational marijuana tax revenue by state](https://taxfoundation.org/wp-content/uploads/2021/01/marijuana-money-revenue-e1610553093550-300x200.jpeg)
New Tax in Town? Federal Proposal to Deschedule and Tax Marijuana
Senate Majority Leader Chuck Schumer (D), Senate Finance Committee Chairman Ron Wyden (D), and Sen. Cory Booker (D) released their discussion draft—the Cannabis Administration and Opportunity Act—for federal descheduling of marijuana. While federal descheduling impacts all states, it does not deschedule marijuana in states which choose to keep their own ban.
6 min read![marijuana policy, cannabis policy, federal taxation of recreational marijuana, MORE Act tax Marijuana Opportunity Reinvestment and Expungement Act](https://taxfoundation.org/wp-content/uploads/2020/09/cannabis-marijuana-3-300x225.jpg)
Less Should be MORE with Federal Cannabis Taxation
Federal lawmakers re-introduced the MORE Act, the most significant federal legislative development on marijuana policy in 50 years. The MORE Act would impose a federal excise tax on marijuana at a rate from 5 to 8 percent.
7 min read![Schumer marijuana bill recreational marijuana tax revenue by state](https://taxfoundation.org/wp-content/uploads/2021/01/marijuana-money-revenue-e1610553093550-300x200.jpeg)
Recreational Cannabis Taxes
The legalization and taxation of recreational marijuana remains one of the hottest trends in state taxation. New York recently became one of the latest states to legalize it. Join us as we dive into the complex world of marijuana taxation and explain how policymakers should approach designing such taxes.
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How High Are Taxes on Recreational Marijuana in Your State?
The legalization and taxation of recreational marijuana remains one of the hottest trends in state taxation.
6 min read![Excise Taxes, 2021 Excise Tax Rates and 2021 Excise Tax Trends](https://taxfoundation.org/wp-content/uploads/2021/03/road-funding-infrastructure-5-300x200.jpg)
The World of Excise Taxation
Marijuana, betting, soda, ride-sharing—over the last decade, the excise tax family has grown significantly and it’s more crucial than ever that lawmakers, businesses, and consumers understand the possibilities and, more importantly, limitations of excise tax application.
![Excise Taxes, 2021 Excise Tax Rates and 2021 Excise Tax Trends](https://taxfoundation.org/wp-content/uploads/2021/03/road-funding-infrastructure-5-300x200.jpg)
Excise Tax Application and Trends
The excise tax family is growing. Over the last decade, several products have become subject to excise taxes or are in the process of becoming so. Given this development, it is more crucial than ever that lawmakers, businesses, and consumers understand the possibilities and, more importantly, limitations of excise tax application.
77 min read![2021 state tax data, Facts and Figures 2021 Tax Foundation](https://taxfoundation.org/wp-content/uploads/2021/03/FF-square-02-01-01-300x285.jpg)
Facts and Figures 2021: How Does Your State Compare?
Our updated 2021 edition of Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.
1 min read![State Tax Policy Boot Camp](https://taxfoundation.org/wp-content/uploads/2021/01/Graphics-03-e1612386496297-300x150.png)
Join Us for a Free “State Tax Policy Boot Camp”
The Tax Foundation’s “State Tax Policy Boot Camp,” is ideal for anyone interested in gaining a better understanding of state taxation.
2 min read![New York marijuana tax proposal by Governor Cuomo](https://taxfoundation.org/wp-content/uploads/2021/01/marijuana-money-3-300x175.jpg)
![Schumer marijuana bill recreational marijuana tax revenue by state](https://taxfoundation.org/wp-content/uploads/2021/01/marijuana-money-revenue-e1610553093550-300x200.jpeg)
Several States Considering Legal Recreational Marijuana
With most states experiencing reduced tax revenues due to the coronavirus pandemic, several are contemplating whether recreational marijuana legalization and taxation may be one avenue to raise new revenue. While states that have already legalized do raise meaningful revenue, lawmakers should remember that establishment of legal markets takes time.
5 min read![tax exemption definition TaxEDU 2021 state tax changes. net operating loss policies in the OECD NOL omnibus covid-19 relief deal. phase 4 coronavirus relief, phase 4 business relief, phase 4 relief net operating loss, cost recovery](https://taxfoundation.org/wp-content/uploads/2020/05/Money-calendar-time-calculator-economy-business-tax-filing-e1588800132775-300x200.jpeg)
State Tax Changes Effective January 1, 2021
Twenty-six states and the District of Columbia had notable tax changes take effect on January 1, 2021. Because most states’ legislative sessions were cut short in 2020 due to the COVID-19 pandemic, fewer tax changes were adopted in 2020 than in a typical year.
24 min read![New Jersey inflation tax increase Governor Murphy budget New Jersey tax brackets inflation indexing New Jersey tax relief measures](https://taxfoundation.org/wp-content/uploads/2020/12/New_Jersey_capitol_3_50-e1608308271523-300x200.jpeg)
Gross Receipt Taxes Become Part of New Jersey’s Recreational Marijuana Legalization
By the time marijuana is sold to a consumer, local taxes could be applied four different times—by one or more localities.
5 min read![](https://taxfoundation.org/wp-content/uploads/2020/12/NY-New-York-crop-300x166.png)
Taxes and New York’s Fiscal Crisis: Evaluating Revenue Proposals to Close the State’s Budget Gap
Our new study provides a 360-degree assessment of New York’s budget crisis, analyzes proposed revenue options, and offers solutions to raise revenue without driving more taxpayers out of the state or undoing recent positive reforms
106 min read![marijuana tax gross receipts tax](https://taxfoundation.org/wp-content/uploads/2018/03/AdobeStock_99457215-e1522094656602-300x200.jpeg)
Election Analysis: Recreational Marijuana Now Legal in Four More States
Voters in four states, Arizona, Montana, New Jersey, and South Dakota, approved ballot measures legalizing recreational marijuana.
7 min read![taxes on the ballot state tax ballot measures election results state taxes ballot state tax policy at the ballot](https://taxfoundation.org/wp-content/uploads/2022/09/state-tax-ballot-measures-election-results-2-300x200.jpeg)
2020 State Tax Ballot Initiatives and the Future of State Tax Policy
They may not draw as much attention as elections for office, but Election Day 2020 will also feature a number of important votes on tax-related ballot initiatives in states around the country. What are the ballot measures taxpayers should be paying attention to this year and what could they mean for the future of state tax policy? Tax Foundation Vice President of State Projects Jared Walczak and Senior Policy Analyst Katherine Loughead break down measures ranging from recreational marijuana legalization in New Jersey and Montana to income tax increases in Illinois and Arizona.
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State and Local Tax Ballot Measures to Watch on Election Day 2020
Here are the state tax ballot measures to watch on Election Day 2020. Explore the most notable 2020 state tax ballot measures in 15 states.
4 min read![marijuana tax gross receipts tax](https://taxfoundation.org/wp-content/uploads/2018/03/AdobeStock_99457215-e1522094656602-300x200.jpeg)
Voters in Four States to Vote on Recreational Marijuana
Legalizing recreational marijuana is a hot topic in many states where the state budgets are in disarray because of the coronavirus pandemic and new revenue sources are being sought.
7 min read![How have your state's tax revenues changed in FY 2020 compared to FY 2019? State revenue collections beat state revenue expectations in FY 2020 despite coronavirus pandemic and economic downturn](https://taxfoundation.org/wp-content/uploads/2020/09/How-have-your-states-tax-revenues-changed-since-FY-2019-01-300x255.png)
New Census Data Shows States Beat Revenue Expectations in FY 2020
State tax revenue collections were down 5.5 percent in FY 2020, driven by a dismal final quarter (April through June) as states began to feel the impact of the COVID-19 pandemic. While these early losses are certainly not desirable, they are manageable and far better than many feared.
16 min read![marijuana tax gross receipts tax](https://taxfoundation.org/wp-content/uploads/2018/03/AdobeStock_99457215-e1522094656602-300x200.jpeg)
Vermont May Be the Next State to Legalize Recreational Marijuana Sales
According to news reports, the Vermont legislature is ready to advance S54 this month or next, to legalize cultivation and sales of marijuana in the state beginning in 2022.
6 min read