CENTERS for

Tax Reform

August 2018

State Implications of Federal Tax Reform in Virginia
State Implications of Federal Tax Reform in Virginia — The new federal tax law cuts federal taxes for most filers in Virginia, but without action by the Commonwealth's General Assembly, many Virginians will experience an unlegislated increase in their state tax liability.  If lawmakers elect to avoid a state tax increase, the added revenue provides an opportunity to pay down real reforms to Virginia's tax code.  This new paper explains the issues ... and the opportunities.   Read it here!

April 2018

The Impact of Cigarette Tax Increases on Local Government Budgets
The Impact of Cigarette Tax Increases on Local Government Budgets — Cigarette tax increases rarely produce the revenue expected by local governments, according to a January study released by the Thomas Jefferson Institute.  Fairly consistently, the tax increases produce a decrease in revenue, don't meet expectations, miss budget projections, or simply produce mixed results that often turn flat or negative in the following years.  That study was updated with new appendices in April 2018.

Read the January study Here!

Read Study Updated with April 2018 Appendices Here!

January 2018

Jefferson Journal:  Cigarette Tax Increases Rarely Produce Promised Revenue
Jefferson Journal: Cigarette Tax Increases Rarely Produce Promised Revenue — By Michael Thompson  Increased cigarette taxes rarely produce the revenue expected by local governments.  Fairly consistently, the tax increases produce a decrease in revenue, don't meet expectations, miss budget projections or simply produce mixed results and often turn flat or negative in the years following a tax increase.  1/15/2018  Read It Here!

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