With the expansion, Ohio will spend 54 percent of its budget and 32 percent of state tax revenue on health care, crowding out other essential state services.
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The Massachusetts Department of Revenue concluded in 2008 that each dollar of state tax revenue lost because of the film tax credit returned less than 69 cents to residents.
That would boost an already thriving sector, but it would lose the state more tax revenue and do nothing to help social security.
He said the program supports large solar projects that create jobs, state and local tax revenue and investment opportunities.
One frequent argument for legalization is that it will generate a fiscal windfall by reducing expenditure on marijuana arrests, prosecutions, and incarceration and by allowing the state to collect tax revenue on legalized sales.
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Business lobbyists, who argue that the law will simply prompt gas-belching industries to relocate to more accommodating jurisdictions, and so cost the state jobs and tax revenue, will almost certainly challenge it in court as they have the law on vehicles.
Remember though that the payroll taxes only actually cover one third of the cost (other funding sources such as premium payments, state transfers, general tax revenue, and borrowing cover the rest).
The Republican controlled Congress is forcing ALL state governors to create new sources of tax revenue which will replace federal funding to their state(s).
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The original state then loses all the tax revenue from these fleeing high wealth taxpayers.
As Congress delays action on extending the 2001-03 tax cuts, state revenue officers may be secretly hoping for continued legislative paralysis.
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Currently, 38 states exempt interest on their own municipal bonds from state income tax, but tax revenue on bonds from other states.
Some of our conservative friends are backing this Internet tax raid as a way to raise revenue to avoid more state income-tax increases.
It says that any state or local tax change that increases revenue, after allowing for inflation and population growth, must be approved by a popular vote, and that any budget surplus must be returned to the people.
Slower growth means fewer jobs and less tax revenue for federal, state and local governments.
The state government is required to rebate annual tax revenue increases in excess of this limit back to the taxpayers.
The private enterprises provide employment and tax revenue while the local state provides land, tax breaks, and free or cheap utilities.
This November 1995 letter to 60 firms around Raleigh came, on official stationery, from the North Carolina Department of Revenue office that conducts state tax audits.
The danger is that lawmakers and planners on the federal and state levels will mistake the current tax-revenue influx as a surge to a new, long-lasting plateau.
There are New York State Dormitory Authority Personal Income Tax (PIT) revenue bonds.
"Not allowing live presentations of the product, not only is it frustrating, as a state we are giving up much-needed tax revenue and work for hundreds of people, " said Charles Dowd, vice president of operations for Harbor Yards Sports and Entertainment, which runs Webster Bank Arena.
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Growth in sales-tax revenue, a critical source of state income, has tumbled and will struggle as long as consumer spending does.
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Combined, these job losses in the manufacturing and the service sectors, put serious strains on federal, state, and local budgets because of the lost tax revenue.
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By updating its property registry, Guerrero's state government has raised its annual revenue from property tax by 38%, which officials hope will result in higher public investment.
The Massachusetts State Appelate Tax Board decision Sysco Corporation v Department of Revenue makes me nostalgic for the days long gone by when money used to earn interest.
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Jindal proposes a revenue neutral tax reform, with increased state sales taxes replacing the state income taxes.
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The result being zero tax revenue but a large cost to the state in attempting to collect that nothing.
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During economic good times, it's not unusual for the state to collect one-half of all income-tax revenue from the top 1%.
We then divided that number by the number of people aged 16 or older in each state that have earnings, to get a metric of tax revenue per taxpayer that excluded children and those who paid no income tax.
Indeed, a single income tax generated so much revenue in Colorado that one state lawmaker actually proposed reducing the rate 10 years after its implementation.
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If Congress does nothing, the federal estate tax law reverts to pre-2001 parameters, including an obscure provision known as the state death tax credit that allows states to share in estate tax revenue the Treasury collects.
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