Property Taxes

Kansas Lawmakers Should Prioritize Pro-Growth, Structurally Sound Tax Reforms in Special Session

With a robust surplus and plenty saved for a rainy day, Kansas can afford substantial tax relief, but not all tax relief is created equal.

A Journey Through Germany’s Tax Laws

Get ready to hit the autobahn and explore the world of German taxes! We’ll navigate the complexities of Germany’s tax structure.

Georgia Implements Structurally Sound Tax Changes

Two bills in Georgia will lower the flat individual income tax rate and align the corporate income tax rate with the individual income tax rate.

Vermont Tax Proposals Would Leave the State and Vermonters Behind

With proposals to adopt the nation’s highest corporate income tax, second-highest individual income tax, and most aggressive treatment of foreign earnings, as well as to implement an unusually high tax on property transfers, Vermont lawmakers have no shortage of options for raising taxes dramatically.

Facts & Figures 2024: How Does Your State Compare?

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.

Sources of US Tax Revenue by Tax Type, 2024 Update

Different taxes have different economic effects, so policymakers should always consider how tax revenue is raised and not just how much is raised.

Sources of Government Revenue in the OECD, 2024 Update

Designing tax policy in a way that sustainably finances government activities while minimizing distortions is important for supporting a productive economy.

A Chicago “Mansion Tax” Would Hurt Small Businesses, Customers, Employees, and Renters

The “Bring Chicago Home” ballot measure would make Chicago’s tax structure substantially less neutral by raising taxes on some property transfers while decreasing taxes on others.

Property and Transfer Tax: If It Moves, Stop Taxing It.

Portugal’s turnover tax on real property transfers places a serious drag on economic growth by making it harder for people to relocate for better jobs and living conditions while constraining investment into the development of housing and buildings.

The Shortcomings of Nebraska’s EPIC Option

Tangible Personal Property De Minimis Exemptions by State, 2024

Does your state have a small business exemption for machinery and equipment?

Wealth Taxes in Europe, 2024

Only three European countries levy a net wealth tax—Norway, Spain, and Switzerland. France and Italy levy wealth taxes on selected assets.

A Lower, Flat Income Tax Would Promote Long-Term Economic Growth in Kansas

After years of strong revenue growth, Kansas has substantial cash reserves on hand, and policymakers on both sides of the aisle have expressed a desire to return some of the extra revenue to taxpayers.

Evaluating Nebraska Governor’s Plan for Property Tax Relief

Nebraskans need property tax relief and there are sound ways to provide it. However, increasing the sales tax rate to the highest in the country and dramatically increasing cigarette excises is not sound tax policy. 

D.C. Tax Revision Commission Recommends Major Tax Changes

While some recommendations follow the principles of sound tax policy and may improve the District’s tax climate, some proposals make the tax code more complex and less neutral, potentially disincentivizing investment and business activity.

Spanish Regions Are Not Surrendering Their Tax Competitiveness without a Fight

Spain’s central government could learn some valuable lessons from its regional governments about sound tax policy.

State Tax Changes Taking Effect January 1, 2024

Thirty-four states will ring in the new year with notable tax changes, including 15 states cutting individual or corporate income taxes (and some cutting both).

Personal Property De Minimis Exemptions Slash Compliance Burdens at Trivial Cost

All policy choices involve trade-offs—but occasionally, the ratio of costs and benefits is shockingly lopsided. Adopting a de minimis exemption for tangible personal property (TPP) taxes is just such a policy: one which massively reduces compliance and administrative burdens at trivial cost.

How High Are State and Local Tax Collections in Your State?

Contrary to initial expectations, the pandemic years were good for state and local tax collections, and while the surges of 2021 and 2022 have not continued into calendar year 2023, revenues remain robust in most states and well above pre-pandemic levels even after accounting for inflation.

Movers and Shakers in the International Tax Competitiveness Index

The 2023 version of the International Tax Competitiveness Index is the 10th edition of the report. Let’s take a look back and see how country ranks have changed over time.