Capital Stock Tax (Franchise Tax) Archive

Mississippi Capital Improvement Plan: Details & Analysis

TweetShareSharePin0 Shares If you have spent any time in Mississippi, you have likely noticed the state’s affinity for magnolia trees, found everywhere from parks to the state flag. Magnolias are associated with prosperity and economic success, a characteristic they share with the Mississippi legislature’s recently passed HB 1733, a bill to allow the full expensing

State Capital Stock Taxes, 2023 State Franchise Taxes

TweetShareSharePin0 Shares Today’s map looks at a barrier to state tax competitiveness in a time of increasing mobility: capital stock taxes. Unlike corporate income taxes, which are levied on a business’s net income (or profit), state capital stock taxes are imposed on a business’s net worth (or accumulated wealth). As such, the tax tends to penalize investment and requires businesses to

Oklahoma Tax Reform Plan Would Put State in Top 10

TweetShareSharePin0 Shares Tax reform was front of mind for Oklahoma lawmakers during the 2022 legislative session, but major structural reforms didn’t cross the finish line. Those efforts, however, were not wasted, as they appear to be on the verge of paying off this year with a package of bills that would significantly improve Oklahoma’s competitiveness

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