The Buzz

Made in America: A Blueprint for Creating Jobs

From ABCNews.go.com: In Bozeman, Mont., Anders Lewendal is hard at work building a home he hopes will be a blueprint for creating jobs in America. Lewendal, an economist turned builder, is constructing a house made entirely from U.S.-made products. Everything from the nails, screws and bolts, to the steel, staples and bathtub is made in the United States.  Read More …

 

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Welcome to 2012 and the new IMA Tax Policy Blog. Formerly IMA’s Tax Policy Memo, the new format reflects our efforts to provide IMA members with timely, relevant and thought provoking information in a form that is accessible for easy reference. IMA’s Tax Policy Blog will be updated on a regular basis. Periodic emails will be sent out to notify subscribers of new information posted on the blog. IMA members are welcome to submit material for the blog, or request specific information. Simply email Editor Stefany Henson at shenson@ima-net.org with your information or request. Editorial submissions are subject to review. CLICK HERE to access past Tax Policy Memos.

Wednesday
Feb152012

Tax Foundation Releases New Data on State and Local Sales Taxes  

DateWednesday, February 15, 2012 at 9:22AM

Tennessee, Arizona Have Highest Combined Sales Tax Rates —

Washington, D.C., February 14, 2012— — Tennessee, Arizona, Louisiana, Washington, and Oklahoma have the highest combined state and average local sales tax rates, according to a new report released today by the Tax Foundation. On the other end of the scale, Delaware, New Hampshire, and Oregon all have no state or local sales taxes, thus scoring combined rates of zero.

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Thursday
Feb092012

Payroll Tax Cuts Wrong Strategy for Growth  

DateThursday, February 9, 2012 at 10:07AM

From the Tax Foundation — Greater Impact from Reductions in Corporate, Personal Income Taxes — While Congress considers extending a payroll tax cut in order to stimulate the economy, a new study from the Tax Foundation finds that payroll tax cuts have little to no impact on long-term economic growth. If policymakers are looking to stimulate the economy, they should be considering reductions to the corporate income tax and the individual income tax.

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Friday
Jan272012

Illinois Businesses Qualify for $67 Million in Tax Credits  

DateFriday, January 27, 2012 at 10:56AM

IDES Fills Job Openings and Helps Those Looking for Work — Illinois businesses qualified for $67 million in income tax credits after hiring individuals covered through the Work Opportunity Tax Credit (WOTC), the Illinois Department of Employment Security (IDES) announced on January 17th. The federal incentive reduces an employer’s cost of doing business while helping those most in need gain valuable work experience. IDES administers the federal program.

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Friday
Jan272012

Which States Are Best for Business?  

DateFriday, January 27, 2012 at 10:51AM

Tax Foundation Releases Rankings on “Business-Friendliness” of State Tax Systems — Wyoming, Florida, and Texas rank among the ten best states for taxes on business, while companies in states like New York, New Jersey, and California have a far less pleasant tax climate to deal with, according to a new report by the Tax Foundation. The State Business Tax Climate Index, now in its 8th edition, accounts for dozens of state tax provisions, creating a single easy-to-use score that measures each state against the tax climates of every other state. Each state’s ranking is therefore relative to the actual tax policies in place around the country, not a measurement against a theoretical “perfect” system.

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