Recent Work by ITEP

How Will the 2006 Special Session Affect Louisiana Tax Fairness?

December 12, 2006 • By ITEP Staff

Louisiana lawmakers currently face a pleasant dilemma: how to dispose of a short-term budget surplus exceeding $2 billion. In the opening days of the special legislative session that began last Friday, tax writers in the House of Representatives’ Ways and Means Committee approved several bills that would reduce state income tax collections substantially. This analysis […]

Analysis of Proposed Capital Gains Tax Cut

July 15, 2006 • By ITEP Staff

The Ohio legislature is considering a proposal to scrap the current Ohio rule that taxes capital gains (profits from selling stock, investment real estate, etc.) at the same rates as other income. The plan would reduce the maximum Ohio tax rate on capital gains as follows: In 2007, from the currently scheduled 6.555 percent to […]

ITEP Testimony on HB 1960 Proposed Income Tax Reform

April 5, 2006 • By ITEP Staff

My testimony today focuses on one bill introduced in the Missouri House of Representatives: HB 1960, which concerns reforming the state’s individual income tax structure. In particular, my testimony will discuss the impact of this bill on the overall fairness of Missouri’s tax system. This bill would make the overall tax structure more equitable and […]

Achieving Adequacy: Tax Options for New York in the Wake of the CFE Case

April 15, 2005 • By ITEP Staff

Achieving Adequacy is intended to provide a useful resource for understanding the impact of recent school finance legislation on the state’s tax and education system. The study examines options available to New York policy makers as they seek to adequately fund elementary and secondary education and other public services. Read the Full Report (PDF)

ITEP Testimony Bill 16-35 Proposed Income Tax Changes

March 14, 2005 • By ITEP Staff

ITEP’s analysis of Bill 16-35 shows that it would impact the District’s tax system in two important ways. First, the bill would make the District’s tax system less unfair by reducing the income tax on low- and middle-income D.C. residents. Second, it would reduce the revenues available to fund public services by about $86 million […]

ITEP Testimony on SB 403 and SB 748 – Combined Reporting & Corporate Minimum Tax

March 9, 2005 • By ITEP Staff

My testimony today focuses on a trend in the Maryland corporate income tax that is becoming increasingly visible—the emergence of profitable “zero-tax corporations”—and on two effective and complementary solutions to this problem, mandatory combined reporting and a gross-receipts-based minimum corporate tax. Requiring combined reporting of the income of multi-state corporations would help ensure the long-term […]

State Corporate Income Taxes 2001-2003

February 15, 2005 • By ITEP Staff

Last September, Citizens for Tax Justice and the Institute on Taxation and Economic Policy published Corporate Income Taxes in the Bush Years, an in-depth look at the taxes that 275 large, profitable corporations paid, or failed to pay, on their U.S. profits over the 2001-03 period. That study found that by 2003, these corporations were […]

The Impact of the Tennessee Tax Structure Study Commission’s Tax Reform Recommendations on Tax Fairness

December 14, 2004 • By ITEP Staff

Tennessee’s tax system is regressive, requiring low- and middle-income families to pay more of their income in tax than wealthier Tennesseans. A tax reform plan recently proposed by the Tennessee Tax Structure Study Commission would reduce the state sales tax, repeal local sales taxes, cut business taxes, and introduce a personal income tax. This analysis […]

Corporate Income Taxes in the Bush Years

September 15, 2004 • By ITEP Staff

This study details which companies have benefitted the most from the decline in corporate taxes over the past three years, and which have been less fortunate. It also measures the effects of loopholes in our corporate tax laws that predated the George W. Bush administration. Specifically, the study looks at the federal income taxes paid […]

The Effects of Replacing Most Federal Taxes with a National Sales Tax

September 15, 2004 • By ITEP Staff

Recently, there has been renewed discussion of the possibility of replacing most federal taxes with a national retail sales tax. Such an idea was broached in the 1990s, but political interest waned when it was discovered that it would take a sales-tax rate well in excess of 50 percent to replace existing federal revenues. In […]