About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 Morgan Scarboro & David Raymond, State Tax Changes Taking Effect July 1, 2018 1 (2018)

handle is hein.taxfoundation/sttxchte0001 and id is 1 raw text is: FISCAL FACT No. 594 June 2018 The Tax Foundation is the nation's leading independent tax policy research organization. Since 1937, our research, analysis, and experts have informed smarter tax policy at the federal, state, and local levels. We are a 501(c)(3) nonprofit organization. @2018 Tax Foundation Distributed under Creative Commons CC-BY NC 4.0 Editor, Rachel Shuster Designer, Dan Carvajal Tax Foundation 1325 G Street, NW, Suite 950 Washington, DC 20005 202.464.6200 taxfoundation.org State Tax Changes Taking Effect July 1, 2018 Morgan Scarboro David Raymond Policy Analyst Research Assistant Key Findings * Eleven states have tax changes scheduled to go into effect on July 1, 2018. * Indiana has the lone corporate income tax change, with the rate decreasing 0.25 percent to 5.75 percent. * Kentucky is broadening its sales tax base by including select services. * Louisiana extended its previous temporary 1 percent sales tax hike at a lower rate of .45 percent. The state sales tax rate will be 4.45 percent. * Massachusetts will begin sales of recreational marijuana and levy a state excise tax rate of 10.75 percent. Localities will have the option of levying additional local taxes. * Oklahoma and Kentucky are increasing their cigarette taxes: Oklahoma from $1.03 to $2.03 per pack, Kentucky from $0.60 to $1.10. * Four states have online sales tax legislation, but may need more time to tweak legislation and issue guidance. * Three states, Oklahoma, South Carolina and Tennessee, are increasing their gas tax rates. * Oregon will levy a .001 percent payroll tax on employee wages.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most