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Making tax incentives work for economic efficiency

My column this morning cites a recent New York Times series on tax incentives and their effects on state and local government revenues. The three part NYT report is here, here, and here. Without question, there have been some major boondoggles in the subsidy game routinely played as corporations and government officials attempt to land […]

Washington ranks 28th in Tax Foundation new tax burden report

State and local taxes in Washington amount to 9.3 percent of state income, according to a new analysis by the Tax Foundation, ranking the state No. 28 in state-local tax burden. The Tax Foundation estimates for 2010 differ from most governmental reports, in that the Foundation accounts for “tax exporting.” This is most dramatic in […]

Washington ranks 6th in Tax Foundation's index of business tax climates

The Tax Foundation today released its annual study of state business tax climates. As usual, Washington ranks in the top 10 best. We were 6th this year, 7th last year, and 8th the year before. As we wrote last year, regarding the 2012 rankings, the TF methodology favors states without an income tax.   The […]

New Brief: Initiative 1185: Reaffirming a Supermajority Requirement for Tax Increases

We have a new policy brief today on I-1185, which would again require a two-thirds legislative supermajority for tax increases. The requirement was last approved in 2010. Because it has been two years since then, the legislature could amend, repeal, or suspend the requirement — unless I-1185 is approved by voters. Our brief looks at […]

New Policy Brief: COST Study on Business Tax Burden

We have posted a policy brief on the 2012 edition of Ernst & Young’s annual study of state and local business tax burdens, which is published by the Council on State Taxation (COST). In fiscal year 2011, businesses paid a total of $16.3 billion in state and local taxes in Washington, representing 5.5 percent of […]

Discovering interactive tax calculators at National Taxpayers Conference

Just finished hearing a great presentation by Nick Kasprak, programmer and analyst at the Tax Foundation. he was leadoff speaker at the NTC conference, held this year in Washington, D.C. He showed us a number of user-friendly and useful tools to help understand state and local tax policies: net migration, performance against state expenditure limits, […]

WA and CA only states showing negative FY12 balance in NCSL budget update

While it’s not necessarily cause for alarm, the negative balances reported in the 2012 state budget update isn’t the happy news one hopes for in these things. As the National Conference of State Legislature’s notes: In Washington, FY 2012 marks the midpoint of the biennium; the shortfall will be eliminated over the remainder of the […]

August revenue collections report shows taxes track with forecast

Today’s revenue collections report, though possibly foreshadowing a softening, shows receipts continuing to track the June forecast. The press release has the yin and yang. It’s a good news/bad news thing. Major General Fund-State (GF-S) revenue collections were $45.0 million (3.8%) lower than the June forecast, but cumulative receipts for the last two months are […]

Govistics on Taxes in Gold Bar

Our friends at the Center for Governmental Research in New York have a very handy product that helps users find and compare public finance data for U.S. states, counties, towns, school districts, etc: Govistics. In a blog post today, they link to a story about Gold Bar's decision to ask voters to agree to a […]

State Tax Notes: Washington State Falls Short on Transparency

Our Policy Brief Five Keys to Evaluating a Tax System highlights transparency’s importance. A recent article by Cara Griffith in State Tax Notes (“Washington State Falls Short on Transparency,” June 18, 2012) calls out the Department of Revenue for a lack of transparency. By insisting on keeping the contents of its letter rulings and most […]