Sales tax base Archive
West Virginia Tax Relief: Details & Analysis
January 23, 2023
No Comments
TweetShareSharePin0 Shares Heading into the 2011 elections, only two of West Virginia’s 34 state senators were Republicans. Today, only three of them aren’t. The House of Delegates, which was comfortably Democratic until the 2014 elections, now has a Republican supermajority of 88 members to only 12 Democrats. It is the fourth-most-lopsided delegation in the country,
2023 State Tax Changes, Effective January 1, 2023
December 22, 2022
No Comments
TweetShareSharePin0 Shares Most state tax changes take effect at the beginning of the calendar year (January 1) or at the beginning of the fiscal year (July 1 for most states). On January 1, 2023, thirty-eight states have noteworthy tax changes taking effect. Most of these changes represent net tax reductions, the result of an unprecedented
State and Local Sales Tax Rates, Midyear 2022
July 19, 2022
No Comments
TweetShareSharePin0 Shares Key Findings Forty-five states and the District of Columbia collect statewide sales taxes. Local sales taxes are collected in 38 states. In some cases, they can rival or even exceed state rates. The five states with the highest average combined state and local sales tax rates are Louisiana (9.55 percent), Tennessee (9.547 percent),
2022 State Tax Reform & State Tax Relief
July 13, 2022
No Comments
TweetShareSharePin0 Shares Key Findings Ten states enacted individual income tax rate reductions. Six states enacted corporate income tax rate reductions. Oklahoma became the first state to make permanent the full expensing of capital investments by C corporations in the year they made the investments. Two states permanently exempted groceries from their respective sales tax bases.
Wisconsin Tax Reform Options to Improve Competitiveness
July 13, 2022
No Comments
TweetShareSharePin0 Shares Key Findings Over the past two years, a wave of tax reform has swept the country, with a historic number of states improving their tax competitiveness by reducing income tax rates and enacting flatter structures. Since 2019, Wisconsin has made improvements to its three lowest marginal individual income tax rates, but its top
Kansas Food Tax: Research & Analysis
April 22, 2022
No Comments
TweetShareSharePin0 Shares This legislative session, the sales tax on food has garnered a great deal of attention in Kansas, with policymakers on both sides of the aisle proposing the removal of groceries from the sales tax base. While this issue has long been a subject of debate in Kansas, it has gained increased attention this
Personal Income Tax Adjusts for Inflation, But It Could Do Better
April 13, 2022
No Comments
TweetShareSharePin0 Shares In times of inflation, like we are experiencing now, a review of the tax code shows that some provisions are automatically indexed, or adjusted, to match inflation, while others are not. And that creates unfair burdens for taxpayers. But it’s not always as simple as just “adjusting for inflation.” That works for some
The Surprising Regressivity of Grocery Tax Exemptions
April 13, 2022
No Comments
TweetShareSharePin0 Shares Key Findings Exempting groceries from the sales tax base reduces economic efficiency without achieving its objective of enhancing tax progressivity. The poorest decile of households experiences 9 percent more sales tax liability with a grocery tax exemption than they would if groceries were taxed and the general rate were reduced commensurately. Grocery tax
2022 Kentucky Income Tax Reform: Details & Analysis
April 8, 2022
No Comments
TweetShareSharePin0 Shares After weeks of closed-door deliberations between legislative leaders in Kentucky’s House and Senate, lawmakers on March 29 unveiled and quickly adopted a committee substitute to House Bill 8, which passed both chambers with a veto-proof supermajority that same day. The amended legislation uses tax triggers to reduce Kentucky’s individual income tax rate, with
2022 State Tax Reform Plans & Proposals
February 1, 2022
No Comments
TweetShareSharePin0 Shares If 2021 was a big year for state tax reform, 2022 may give it a run for its money. With January now in the books, the 40 states which have convened their legislative sessions—six more will join them, while four states’ legislatures do not meet in odd-numbered years—already show a flurry of activity
- 1
- 2
