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1 Katherine Loughead, State Tax Changes Effective July 1, 2020 1 (2020)

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State Tax Changes Effective

July 1, 2020


FISCAL
FACT
No.  717
July 2020
































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 global
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©2020 Tax Foundation
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Editor, Rachel Shuster
Designer, Dan Carvajal
Tax Foundation
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Katherine  Loughead
Senior Policy Analyst


Key Findings

     Nineteen  states had notable tax changes  take effect on July 1, 2020.

     Indiana had the lone corporate  income tax change,  with the rate decreasing
      from  5.5 to 5.25 percent.

     Two  states, Louisiana and Mississippi, began requiring marketplace facilitators
      to collect sales and use taxes.

     Illinois now requires remote sellers to collect state and local sales taxes,
      rather than use taxes.

     North  Carolina now  requires marketplace facilitators to collect local meals
      taxes.

     New  sales tax exemptions  took effect in Virginia and Washington.

     As part of a gradual phaseout, New  Jersey reduced  the sales tax rate on
      medical  marijuana.

     Utah, Virginia, and Wyoming   have newly  begun taxing vapor  products, and
      Kentucky's  new  vapor tax is scheduled to take effect on August 1.

   *  Virginia doubled its cigarette tax from 30 to 60 cents per pack.

     Three  states-California, South Carolina, and Virginia-increased their
      statutory excise tax rate on motor fuel.

     Iowa  reduced its excise tax rate on certain ethanol-based motor fuels.

     Colorado,  North Carolina, and Virginia modified various transportation-
      related user fees.

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