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State Tax Information

All states also have their own tax system. Typically there is a tax on real estate, and there may be additional income taxes, sales taxes, and excise taxes. Oil and mineral producing states often have a severance tax, which is similar to an excise tax in that tax is paid on products produced, rather than on sales. Taxes on hotel rooms are common, and politically popular because the taxpayers usually do not vote in the jurisdiction levying the tax.

These states do not levy an individual income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. New Hampshire and Tennessee only tax interest and dividend income. Delaware, Oregon, Montana and New Hampshire have no state or local sales tax. Alaska has no state sales tax, but allows localities to collect their own sales taxes up to a state-specified maximum. California has all the mentioned taxes, with the result that tax liability often exceeds 51% of income for many California residents.

Many states also levy personal property taxes, which are annual taxes on the privilege of owning or possessing items of personal property within the boundaries of the state. Automobile and boat registration fees are a subset of this tax; however, most people are unaware that practically all personal property is also subject to personal property tax. Usually, household goods are exempt; but virtually all objects of value (including art) are covered, especially when regularly used or stored outside of the taxpayer's household.

States permit the creation of special assessment districts (typically for provision of water or removal of sewage, or for parks, public transit or schools) whose boundaries may be independent of other boundaries and whose income may be from one or more of service assessments, property taxes, parcel taxes, a portion of road or bridge tolls, or an additional increment upon sales taxes in addition to the non-tax fees for services provided (such as metered water). State government is financed mainly by a mix of sales and/or income taxes and to a lesser extent by corporate registration fees, certain excise taxes, and automobile license fees.

For more free legal information on Tax Law, please visit Free Legal Information.

In The News:

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Hastings Tribune

Slow start in Louisiana's latest special session on taxes
Hastings Tribune
BATON ROUGE, La. (AP) — With time growing short to reach a deal, the Louisiana House got off to a slow start Tuesday in the latest special session on taxes, with no votes on tax bills and a rehashed debate over budget issues from prior sessions. The ...
Dan Fagan: How a tax hike is called a tax cutThe Advocate
Louisiana House prepares for tax, budget votes -- with no consensusNOLA.com

all 56 news articles »

Vox

To stop endless war, raise taxes
Vox
The economist Adam Smith recognized how war taxes curbed the public's appetite for war hundreds of years ago. Observing the variation in how European governments paid for the wars of the 1600s and 1700s — debt or taxes — he wrote: “Every new tax is ...


WOAI

Bill could freeze property taxes of longtime homeowners
WOAI
Affordable homes become unaffordable when rising values increase property taxes. "It was their neighborhood and if they get priced out because of the tax increases, then it's fundamentally inequitable and unfair and wrong," said Beacon Hill homeowner, ...


USA TODAY

Planning a move? By 2021, these 8 states will have no income tax
USA TODAY
Without beating around the bush, let me just say what's on all of our minds when it comes to taxes: They stink! No one likes preparing their taxes or handing over their hard-earned money to Uncle Sam. It is, however, a necessary thing we do as working ...


Barron's

Paradise or Money Pit? What You'll Pay in Taxes When Buying a Home Abroad
Barron's
Glynna Prentice can list a number of reasons why she loves her refuge in the highlands of Guanajuato, Mexico. The home's two-story glass walls offer mountain views, it's in an artist community, and is a three-hour flight from Los Angeles. And there's ...


Tax Foundation

Are Sugar-Sweetened Beverage Taxes Regressive? Evidence from Household Retail Purchases
Tax Foundation
Taxes on sugar-sweetened beverages are proposed with the promise to improve public health outcomes, but they come with equity concerns because of their regressive nature. We use Nielsen consumption data to explore the relationship between ...


MyAJC

Court rules airport shops need not pay Clayton property taxes
MyAJC
A ruling from the Georgia Supreme Court against the Clayton board of tax assessors says airport concessionaires don't have to pay property taxes.

and more »

State may force presidential candidates to release taxes
Tampabay.com
PROVIDENCE, R.I. (AP) — The Rhode Island Senate on Tuesday passed a bill that would require presidential and vice presidential candidates to file five years' worth of tax returns in order to appear on the state's ballots. The Senate voted 33-3 in ...

and more »

BBC News

The NHS, taxes and that 'Brexit dividend'
BBC News
"It is our firm intention to reduce taxes on British businesses and working families." Page 14 of the Conservative Party's 2017 manifesto is clear and could have come straight from the pen of Philip Hammond. The chancellor, those close to him repeat, ...

and more »

Tampabay.com

Hillsborough school district will pursue two kinds of local taxes
Tampabay.com
TAMPA — Hillsborough County School District officials took an important step Tuesday toward asking the voters to pay higher taxes for schools that, they say, are not getting enough money from the state. The board voted 5-0 to submit a tax referendum ...

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