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1 Morgan Scarboro & Andrew Eichen, State Tax Changes Taking Effect July 1, 2017 1 (2017)

handle is hein.taxfoundation/stxchkef0001 and id is 1 raw text is: 










FISCAL
FACT
No. 552
June 2017


State Tax Changes Taking


Effect Ju ly 1, 2017


Morgan   Scarboro
Policy Analyst


Andrew   Eichen
Research Assistant


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@2017 Tax Foundation
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Designer, Dan Carvajal
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Key Findings

   *  Seven  states have tax rate changes going into effect on July 1, 2017.

   *  Indiana has the lone corporate income  tax change, with the rate decreasing to
      6 percent.

   *  Kansas  is enacting two changes to its income tax code: the repeal of the pass-
      through carveout  coupled with  increases in individual income tax rates.

   *  Tennessee  is decreasing its already reduced sales tax rate on groceries from 5
      percent to 4 percent.

   *  Five states - Indiana, Montana, New  Jersey, South Carolina, and Tennessee
      - have increases to their gas tax rates. New Jersey will be implementing the
      second  part of a diesel tax increase passed in 2016.

   *  Colorado  will increase its excise tax on recreational marijuana from 10
      percent to 15 percent and will exempt recreational marijuana from the
      general sales tax.

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