Taxes

Democrats Launch Inquiry Into Opportunity Zones Program

They’re focused on whether political interference by Trump administration officials played a role in the selection of a Nevada zone. Meanwhile, a senator has put forward a bill that would impose new transparency requirements.

Nothing Can Alleviate the Pain of a Stillborn Baby. But States Consider Helping with Parents' Financial Burdens

Several states have passed laws allowing parents of stillborn babies to claim tax credits. Several others have proposed it.

Federal, State Laws Help Corporations Avoid State Income Taxes

COMMENTARY | A little known federal law that dates back decades—along with subsequent state laws—shields many manufacturers and online retailers from state corporate income tax.

Sin Taxes Not a Reliable Source of Revenue, Report Says

States collected $34 million in alcohol and tobacco taxes in 2017, but a tax increase doesn’t always equate to more money as consumer behavior changes.

Federal Spending on Kids Falls, as More Dollars Flow Toward Older Adults and Debt

The findings are included in the latest edition of an annual report. “In a sense in our budget, we’re treating kids worse and worse,” said one of its authors.

Moving Toward Taxing Motorists by the Mile

Nevada will begin collecting odometer readings from drivers this fall, the first step of determining whether a "pay by mile" tax policy would work in the state.

Don’t Ban Assault Weapons—Tax Them

COMMENTARY | A solution from the founding era might work again today.

Three States File Lawsuit Over Federal Rules Blocking SALT Workaround

Treasury and the IRS last month prohibited charitable contribution programs meant to provide taxpayers a way around a cap on federal deductions for state and local taxes.

A State Opts to Use Added Online Sales Tax Revenue to Offer Income Tax Cuts

Wisconsin will soon begin collecting sales taxes from companies that provide online marketplaces for other vendors.

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‘There Are No Yachts in Falls Church’: Debate Over State and Local Tax Deduction Flares

GOP House members say Democrats’ claim that eliminating the deduction has hurt ordinary taxpayers is a “false narrative.”

Disputes Over State Taxes on Train Fuel Won't Go Before Supreme Court

A federal law has led to years of messy litigation over levies on locomotive diesel.

Treasury Blocks State Charitable Deduction Workarounds to SALT Cap

Taxpayers won't be able to write off contributions they make as charitable donations, if they receive tax credits in return.

Years Later, the Recession’s Sting is Still Tough to Shake for Many States

New research takes a look at the lingering mark the downturn left on state budgets.

Trade Groups, Lawmakers Deride Trump’s Mexico Tariff Plan

The escalation of tariffs would add $17 billion in new taxes at the 5 percent rate and $86 billion at the 25 percent rate.

States Consider Using Marijuana Tax Revenue to Help Communities Hurt by Drug Policies

A new report argues that the practice should be more widespread, and should fund sustainable jobs for the communities most affected by drug enforcement policies of the past and present.

Sports Betting Not Proving to Be a Tax Bonanza For States

Revenues have largely been modest and in some places have fallen far short of projections.