Washington, DC – Following an election that left half the states with veto-proof legislative majorities, 39 states with one-party rule and more than a dozen with governors who put tax reform high on their agendas, 2013 promises to be a big year for changes to state tax laws.
State tax codes are almost universally inadequate and in need of modernization. From the National Governors Association to the State Budget Crisis Taskforce, there is widespread consensus that most states have been patching and punting for too long and their tax systems are no longer able to provide adequate and sustainable revenue to deliver services that citizens rely on.
This Institute on Taxation and Economic Policy (ITEP) hosts a phone briefing on December 19, 2012 outlining challenges and solutions with a focus on state tax fairness, and goes into greater depth on fifteen states most likely to undertake major tax overhauls in 2013 (CA, IA, KS, KY, LA, MN, MO, NC, NE, NY, OH, OK, OR, VA, WI).
The briefing materials related to the teleconference are available in PDF form below:
Policy Brief- Tax Principles: Building Blocks of A Sound Tax System