2007

Assembly's Tax Plan: More Revenue, Less Fairness

The tax plan approved by the Maryland General Assembly on Monday will help provide the revenue necessary to fund vital public services in Maryland, but, according to the latest analysis from the Institute on Taxation and Economic Policy (ITEP), working...

Senate Plan Falls Hardest on Low-Income Marylanders

A new analysis of the tax legislation approved by the Senate Budget and Taxation Committee on Tuesday shows that the Senate’s tax changes would impose the largest tax hikes, as a share of income, on low- and middle-income Marylanders. The...

ITEP Testimony on Governor's Plan: Expanding the Sales Tax

My testimony today focuses on the sales tax legislation included in the Tax Reform Act of 2007. In particular, my testimony will discuss the impact of the bill’s expansion of the sales tax base to include more services. The proposed...

ITEP Testimony on Governor's Plan: Improving the Income Tax

My testimony today focuses on the proposed changes to Maryland’s personal income tax put forward by Governor O’Malley and the impact that those changes would have on Marylanders at different income levels. Before I present the substance of my analysis...

ITEP Testimony on Governor's Plan: Corporate Tax Reform

My testimony examines a problem facing not just Maryland, but a number of different states – the erosion of the corporate income tax and the related emergence of profitable “zero-tax corporations.” I also will discuss the single best strategy available...

Assessing the Income Tax Treatment of Social Security Benefits

Early in the 2007 legislative session Missouri Governor Matt Blunt and House Speaker Rod Jetton made eliminating the state’s personal income tax on Social Security benefits a priority. In May, the legislature passed a bill that would eliminate the income...

Combined Reporting - How Does Your State Stack Up?

Over the past few years, a number of states, seeking to address longstanding flaws in their corporate income taxes and significant declines in the revenue they yield, have instituted a major reform: combined reporting. Combined reporting requires multi-state corporations to...

ITEP Testimony on Tax Reform Bill HB750 in Illinois

My testimony today focuses on the revenue-raising tax reform bill, House Bill 750 and Illinois’ current tax structure. In particular, my testimony will discuss the state’s current tax structure and reveal the opportunity that HB 750 provides.Read the Full Report...

ITEP Testimony on Nebraska EITC Expansion

My testimony focuses on Legislative Bill 683, which would expand the Nebraska Earned Income Tax Credit (EITC). In particular, my testimony will discuss the impact of this bill on the overall fairness of Nebraska’s tax system.Read the Full Report (PDF)...

Broad-Based Gross Receipts Taxes: A Worthwhile Alternative?

States currently face a number of fiscal challenges, ranging from unresolved structural deficit, to underlying flaws in their existing tax systems, to the demands posed by ambitious initiatives such as improved access to health care. In response, some policymakers are casting about for new alternatives for generating revenue that do not seem to require visible or difficult changes in law. One such alternative that has gained in popularity in the past few years is a broad-based gross receipts tax.

ITEP Testimony on Combined Corporate Income Tax Reporing in Maryland

My testimony today examines a problem facing not just Maryland, but a number of different states – the erosion of the corporate income tax and the related emergence of profitable “zero-tax corporations.” I also will discuss the single best strategy...

ITEP Testimony on HB 444 Proposal to Exclude Social Security Benefits from Tax

My testimony today focuses on one bill introduced in the Missouri House of Representatives: HB 444, which concerns excluding Social Security Benefits from the Missouri’s income tax. In particular, my testimony will discuss the impact of this bill on the...

Dollars and Cents - Bringing Nebraska's Tax System Into the 21st Century (Powerpoint)

Goals of the Workshop• What makes a good state tax system?• How does Nebraska’s tax system (and those of other states) fall short?• Options for reform: A national perspective• Back to reality: the best and worst of tax reform in...