Tag: Tax and Fiscal Policy Task Force
Tag: Tax and Fiscal Policy Task Force
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Americans Can Be Thankful for Tax Cuts
Since Congress passed the Tax Cuts and Jobs Act of 2017 (TCJA), Americans are getting a larger piece of the pie from federal tax cuts and ensuing state tax reforms …
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Statement of Principles for Model State Laws to Encourage Philanthropic Creation and Operation
Statement of Principles for Model State Laws to Encourage Philanthropic Creation and Operation Philanthropy exemplifies the American ideal of private action in the public interest, demonstrating our faith in …
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Resolution to Oppose the Multistate Tax Commission’s Effort to Rewrite the Uniform Division of Income for Tax Purposes Act
Resolution to Oppose the Multistate Tax Commission’s Effort to Rewrite the Uniform Division of Income for Tax Purposes Act Summary This resolution opposes the effort being undertaken by the Multistate …
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There’s No Better Time for Tax Reform in Virginia than the Present
The Tax Cuts and Jobs Act of 2017 marked the first federal tax reform in more than 30 years. However, Virginia has not made a significant effort to reduce the …
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Model State Administrative Tax Tribunal Act
Model State Administrative Tax Tribunal Act Section 1. Statement of Purpose To increase public confidence in the fairness of the State tax system, the State shall provide an …
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Resolution in Opposition to a Carbon Tax
WHEREAS, affordable and abundant electricity is a strategic resource that is essential to modern life, America’s economic competitiveness. WHEREAS, the application of a carbon tax to gasoline and other transportation …
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Resolution to Reduce the State’s Dependence on Federal Funds
Resolution to Reduce the State’s Dependence on Federal Funds Summary Increasingly, states are relying to a greater degree on federal grants and subsidies to cover programs in the …
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Council on Efficient Government Act
Council on Efficient Government Act Summary This legislation is designed to create a council on efficient government whose purpose is to ensure that each state agency focuses on its …
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The Public School Financial Transparency Act
The Public School Financial Transparency Act Summary The Public School Financial Transparency Act would require each local education provider in the state to create and maintain …
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Resolution in Opposition to Mandatory Unitary Combined Reporting
Resolution in Opposition to Mandatory Unitary Combined Reporting Summary Many states have adopted, or are considering adopting, mandatory unitary combined reporting (“MUCR”) into their corporate tax …
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Resolution to Endorse the Recommendations of the 2014 Blue Ribbon Panel on Public Pension Plan Funding
Resolution to Endorse the Recommendations of the 2014 Blue Ribbon Panel on Public Pension Plan Funding WHEREAS, many states and local government entities are facing significant defined benefit …
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Defined-Contribution Pension Reform Act
Defined-Contribution Pension Reform Act Intent Section The Legislature finds that the defined-benefit model of retirement benefits for state and municipal employees is not fiscally sustainable. It is the …
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The Open Financial Statement Act
Whereas state and local governments are filing their audited financial statements in outmoded PDF formats, Whereas local governments are required to file both audited PDFs and unaudited Annual Financial Reports …
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Resolution to Permanently Repeal the Federal Unified Gift and Estate Tax
Summary The Federal Unified Gift and Estate Tax, or the “Death Tax” has been identified as destructive to job opportunity and expansion. The “Death Tax” generates only a minimal amount …
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Independent Performance Audits Act
Independent Performance Audits Act Intent Section The Legislature finds that it is essential that state governments establish credibility with the taxpayers by implementing independent performance audits to ensure …
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Federal Funds Commission Act
Federal Funds Commission Act Summary This bill creates the Federal Funds Commission to study and make recommendations on federal funding in a state’s budget, assess risks of a …
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Promoting Transparency in State Unfunded Liabilities
Promoting Transparency in State Unfunded Liabilities It is clear that citizens are demanding greater transparency in accounting for the costs of state and local government. Given the large …
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Constitutional Amendment Restricting the Use of Vehicle Fees and Taxes for Highway Purposes
Constitutional Amendment Restricting the Use of Vehicle Fees and Taxes for Highway Purposes NEW SECTION: All fees collected by the State of {insert state} as license fees for motor …
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Resolution Opposing International Taxation Initiatives
Resolution Opposing International Taxation Initiatives Summary The Resolution urges Congress to oppose any legislation that would authorize global and regional governance bodies including the United Nations (UN), …
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Resolution in Opposition to Discriminatory Food and Beverage Taxes
A Resolution in Opposition to Discriminatory Food and Beverage Taxes WHEREAS this global recession has spread economic stress across all income levels, with lower and middle-income Americans …