Minnesota Considers $1.35 Billion Biennial Tax Increase
Minnesota is running a surplus, but you wouldn’t know it given that House leaders are pushing a $1.35 billion tax increase, larger and more aggressive than the revenue-raising measures already proposed...
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Sources of Tax Revenue: U.S. vs. OECD
A recent report on tax revenue sources shows the extent to which the United States and other OECD countries rely on different taxes for government revenues. Policy and economic differences among OECD...
View ArticleIowa Adopts a “Soft” Property Tax Cap
Within hours of the emergence of compromise language, legislation enacting a “soft cap” on property taxes passed both chambers of the Iowa legislature last week. The amendments, designed to assuage the...
View ArticleTestimony to the Joint Session of the Nebraska Revenue, Education, and...
Members of the Revenue, Education, and Retirement Committees, Thank you for the opportunity to testify today on LB 289 as amended by AM 1381. My name is Joseph Bishop-Henchman, and I am with the Tax...
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To What Extent Does Your State Rely on Property Taxes?
States and localities rely on property taxes as a major source of revenue. In fiscal year 2016, the last year where data is available, property taxes accounted for 31.5 percent of total U.S. state and...
View ArticleTexas Legislature Abandons Tax Swap, Advances Property Tax Cap
Last month, the Texas legislature considered two bills geared toward relieving Texans’ property tax burden: Senate Bill 2 and House Joint Resolution 3 (companion legislation to Senate Joint Resolution...
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Reliance on Property Taxes in Europe
A recent report compares to what extent OECD countries rely on various tax revenue sources. Today’s map looks at property tax revenue, which, compared to other taxes, accounts for a relatively small...
View ArticleState Tax Changes as of July 1, 2019
Key Findings Twenty-three states and the District of Columbia had notable tax changes take effect on July 1, 2019. Indiana had the lone corporate income tax change, with the rate decreasing from 5.75...
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States Should Continue to Reform Taxes on Tangible Personal Property
Note: The author thanks Brittany Moore for contributing to statutory research for this piece. Key Findings Many state and local governments impose ad valorem property taxes on tangible personal...
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International Tax Competitiveness Index 2019
Explore Our New Interactive Tool Download Promotional Toolkit Introduction The structure of a country’s tax code is an important determinant of its economic performance. A well-structured tax code is...
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UK Taxes: Potential for Growth
The United Kingdom ranks 25th in our recently released 2019 International Tax Competitiveness Index, a study that measures and compares how well OECD countries promote sustainable economic growth and...
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2020 State Business Tax Climate Index
Explore Our Interactive Tool Executive Summary The Tax Foundation’s State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax...
View ArticleTestimony: Wisconsin’s Property Tax System and its Implications for Revenue...
This presentation was made to the Wisconsin State Assembly’s Committee on Community Development on October 23, 2019, during an informational hearing on housing, property taxes, and their relationship...
View ArticleState and Local Tax Ballot Measures to Watch on Election Day 2019
Ballot measures are rarely what drive voters to the polls, but in many states, voters will have the opportunity to weigh in on significant policy questions when they cast their ballot on November 5th....
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Comparing Europe’s Tax Systems: Property Taxes
Today’s map shows how European OECD countries rank on property taxes, continuing our series on the component rankings of the 2019 International Tax Competitiveness Index (ITCI). Although an important...
View ArticleWill West Virginia Reduce the Tax Burden on Manufacturing?
Here’s the good news: West Virginia’s tax structure ranks above average in our latest edition of the State Business Tax Climate Index, to the credit of bipartisan efforts of tax reform over several...
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Results of 2019 State and Local Tax Ballot Initiatives
Click here for our post-election analysis. Election Day 2019 does not feature the marquee matchups of 2016 or 2018, but in addition to elections for statewide (3 states) and legislative (4 states)...
View ArticleWelcome to the Index, Lithuania!
Lithuania joined the Organisation for Economic Co-operation and Development (OECD) in 2018, making it the 36th member and the most recent addition to our International Tax Competitiveness Index (ITCI)....
View ArticleKansas Tax Modernization: A Framework for Stable, Fair, Pro-Growth Reform
Introduction Kansas achieved a history of tax reform success throughout the 19th and 20th centuries, as evidenced by the dramatic evolution of Kansas’ code over the state’s 158-year history. The result...
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Ranking Property Taxes on the 2020 State Business Tax Climate Index
Today’s map shows states’ rankings on the property tax component of the 2020 State Business Tax Climate Index. The Index’s property tax component evaluates state and local taxes on real and personal...
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