State Tax

Like other states, the Texas legislature is examining a proposal to extend the state’s 10 percent rental car excise tax onto peer-to-peer car-sharing firms. The proposal is creative in trying to resolve how sales taxes should apply to vehicles sold and used in peer-to-peer car-sharing arrangements but suffers from attempting to further extend an inefficient
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Oregon’s Joint Committee on Student Success Subcommittee on Revenue is moving closer to recommending a revenue option to fund Oregon’s education system. The subcommittee presented three options to the Student Success Committee last Thursday night, modeled on Ohio’s gross receipts tax and Texas’ margin tax, a modified gross receipts tax that allows for some deduction
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While income and consumption taxes are levied on a general base, an excise tax is a tax on a specific good or activity. You’ll typically see excise taxes on things like cigarettes, alcoholic beverages, soda, gasoline, insurance premiums, amusement activities, and pari-mutuels (betting), among other goods and activities. Excise taxes make up a relatively small portion of
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The Council of the District of Columbia is considering multiple property tax proposals with the stated goal of reducing the tax burden of homeowners who have seen their property taxes rise as home values have grown. The most efficient, economically neutral, and transparent way to provide tax relief is to simply reduce the millage rate
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Key Findings State and local governments have used car rental excise taxes to raise revenue, including for projects like stadium construction and amateur sports funding. Forty-four states levy rental car excise taxes. Most states also permit county and municipal governments to add a rental car tax, which may range from a flat-dollar surcharge to an
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With the release of his first biennial budget, introduced as Senate Bill 59, Wisconsin’s new Governor Tony Evers (D) has proposed dozens of miscellaneous tax changes. While the budget  offers targeted income tax cuts for certain low- and middle-income taxpayers, these cuts are far outweighed by tax increases elsewhere, such as business taxes and excise
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Last year, Kentucky adopted a major tax overhaul: it dropped its income and corporate taxes by a point, removed numerous credits and carveouts from the income and sales taxes, reduced the archaic inventory tax, and adopted single-sales factor apportionment and combined reporting for business taxes. Altogether, the package (enacted over Governor Bevin’s veto) raised some
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On Friday, legislators in Arkansas introduced Senate Bill 576, which would dramatically increase the competitiveness of Arkansas’s tax code. Based on recommendations from the Arkansas Tax Reform and Relief Legislative Task Force, the bill would overhaul Arkansas’s corporate income tax code. The bill includes several key reforms to the corporate income tax. First, the bill
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