Cannabis Taxes Outraised Alcohol by 20 Percent in States with Legal Sales...
By Carl Davis and Mike Hegeman The cannabis industry has come a long way since the first legal sale of adult-use cannabis eight years ago in Colorado. In 2021, the 11 states that allowed legal sales...
View ArticleSales Tax Holidays: An Ineffective Alternative to Real Sales Tax Reform
Sales taxes are an important revenue source, making up close to half of all state tax revenues.[1] But sales taxes also are inherently regressive because low-income families spend a greater share of...
View ArticleNew ITEP Brief Shows How State Sales Tax Holidays Fail to Live Up to the Hype
Twenty states this year have decided to go so far as to forgo a combined $1 billion in vital tax revenue in favor of conveniently popular yet ultimately ineffective sales tax holidays. Whether it’s a...
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Sales Tax Holidays: An Ineffective Alternative to Real Sales Tax Reform
Key findings • Nineteen states had sales tax holidays on the books in 2023, down from 20 the previous year. • These suspensions will cost states and localities nearly $1.6 billion in lost revenue this...
View ArticleA Lot for A Little: Gimmicky Sales Tax Holidays Are an Ineffective Substitute...
This year, 19 states will forgo a combined $1.6 billion in tax revenue on sales tax holidays—politically popular, yet ultimately ineffective gimmicks with minimal benefits and significant downsides....
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Eliminating Indiana’s Income Tax Would Jeopardize Public Services & Create a...
In hopes of building on the state’s already-in-effect income tax reduction, Indiana’s State and Local Tax Review Task Force is studying the feasibility of fully eliminating the state’s individual...
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Is California Really a High-Tax State?
Key Findings For families of modest means, California is not a high-tax state. California taxes are close to the national average for families in the bottom 80 percent of the income scale. For the...
View ArticleFive Tax Takeaways from 2024 State Legislative Sessions
State lawmakers across the country navigated budget challenges and slowing revenue growth in 2024. This challenge was made worse by the winding down of temporary federal pandemic aid, coinciding with...
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Sales Tax Holidays Miss the Mark When it Comes to Effective Sales Tax Reform
Key Findings Nineteen states have sales tax holidays on the books in 2024. These suspensions combined will cost states and localities over $1.3 billion in lost revenue this year. Sales tax holidays are...
View Article2024 State Tax Ballot Questions: Voters to Weigh in on Tax Changes Big and Small
As we approach November’s election, voters in several states will be weighing in on tax policy changes. The outcomes will impact the equity of state and local tax systems and the adequacy of the...
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