Tax Policy Reform: What States Are Doing to Capture More Revenue
By Krista Rinehart | Monday, May 9, 2011 at 2:11 pm
Tax Policy Reform: What States Are Doing to Capture More Revenue
May 4, 2011
CSG Leadership Development Series: Sponsored by the Toll Fellows Program
As states continue to struggle with budget shortfalls in the face of increasing obligations in areas like education, pensions and unemployment insurance, more and more states are exploring reforms to their existing tax codes in the search for new revenue streams. This webinar featured a discussion of the holes in many states' existing tax codes--the sales tax code in particular--and how states can reform their tax structure to capture more revenue.
Download the Slides from the Webinar: Full Page or Handout View
Moderator:
Rep. Jim Wayne, Kentucky
Kentucky Rep. Jim Wayne has worked tirelessly to push for tax reform in the Bluegrass. Recognizing that Kentucky has an antiquated tax code, Wayne has pushed for changes that will help capture revenue from today's service-based economy, as well as from a consumer market increasingly driven by e-commerce
Panelists:
Michael Costa, director, Vermont Blue Ribbon Tax Commission
Michael Costa led efforts in Vermont to analyze the state's tax code, which culminated in a Blue Ribbon Report of suggested changes and tax code improvements.
Margaret "Missy" Fulton, assistant commissioner, New Hampshire Department of Revenue, 2010 Toll Fellows Class Margaret Fulton, assistant commissioner in the New Hampshire Department of Revenue,brings a unique perspective to the panel's discussion. New Hampshire is one of few states without a sales tax. As such, Fulton discussed how New Hampshire has generated revenue from nontraditional streams in order to meet its budget requirements without a sales tax. Fulton's insights offer out-of-the-box options that other states can use to supplement their existing tax revenue.
