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State Finances: Budget Pressures Will Crimp Spending.
- Article from:
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Kiplinger Business Forecasts
- Article date:
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June 16, 2008
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Copyright informationCOPYRIGHT 2008 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Richard Sammon
Many states are about to go into belt-tightening mode, cutting spending and searching for new revenue to deal with a bleak budget outlook that's likely to last two to three years. Half the states are grappling with shortfalls, and most of the remaining states have little room to maneuver financially. The combined shortfall is $16 billion this year, with a projected $32 billion in the next fiscal year, which for states starts July 1.
State budgets are being hurt by the soft economy, which brings down individual and corporate income tax receipts, consumer confidence and purchasing. They're also grappling with rising energy and health care costs, ...
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State warned to enter sales tax accord or lose out
The Journal Record;
February 6, 2003 ;
Ray Carter The Journal Record;
547 words
......the country today are driving states to consider streamlining the sales tax process used by all states. A streamlined sales tax agreement has been hammered...this year in most of the 46 states with a sales tax, Johnson said. But if the states...
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Buyers on the Web dodge state sales tax: ; COMMENTARY
Charleston Gazette;
July 16, 2001 ;
Ed Peeks;
512 words
......companies to charge sales tax only to customers...Internet from other states, especially for...required to collect the sales tax in West Virginia and other states. The company does...pain inflicted by sales tax dodgers. As a result...Virginia and some 30 states ...
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Online sales tax is budget issue; Talks could resolve whether to join...
The Milwaukee Journal Sentinel;
July 17, 2007 ;
AVRUM D. LANK;
753 words
......to administer sales tax law. In exchange for states adopting those...Under the plan, states can decide whether to apply sales tax to all the items...modernize our sales tax system and to...coordinated with other states as possible...
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27 States OK Draft Bill To Collect Internet Sales Tax.
Resource: Engineering & Technology for a Sustainable World;
January 2, 2001 ;
787 words
......level - could soon help states collect sales tax revenue for products...regard to collecting the sales tax revenues. One option would allow states to have a certified provider...currently exempt from sales tax. States are bound by the 1992...
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SSTIS: States Approve Sales Tax Simplification Agreement; Legislatures...
U.S. Newswire;
November 13, 2002 ;
771 words
......of the Streamlined Sales Tax Implementing States (SSTIS) held in Chicago...by retailers and states. The simplified system...reduces the number of sales tax rates, brings uniformity...total population of states with a sales tax have approved the...
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Profile: Tax holidays in certain states allowing shoppers to purchase...
Morning Edition (NPR);
August 16, 2001 ;
ALEX CHADWICK;
768 words
......holidays in certain states allowing shoppers...purchase goods with no sales tax Host: ALEX CHADWICK...CHADWICK: Why are these sales tax holidays becoming more popular with the states? Prof. HAWKINS...had a temporary sales tax exemption and it proved so popular the ...
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Scrutinizing Net sales tax; Some retailers want a state tax law enforced;...
The Milwaukee Journal Sentinel;
May 2, 2005 ;
AVRUM D. LANK;
787 words
......Department of Revenue, making it easier to collect sales tax on Internet and catalog transactions is simply...state join others across the nation to standardize sales tax definitions and collection procedures is just an...the department's efforts to join an interstate sales tax ...
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States should consider abandoning sales tax
Human Events;
May 19, 2000 ;
Bartlett, Bruce;
657 words
......nothing to prevent states from taxing purchases...currently taxable in all states with a sales tax and will continue to...exact problem that states have had for decades...than try to make the sales tax effective, which may...no matter what the states do, the Internet ...
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States Look At Online Sales Tax.
Knight Ridder/Tribune Business News;
March 14, 2003 ;
787 words
......streamline the state's sales tax categories, providing...consistent with other states. The National Governors...Legislatures are pushing states to make sales tax laws consistent across the country. States vary in unpredictable...successful [the states] are going to ...
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Sales tax project will make collecting easier; Database would help boost...
Crain's Cleveland Business;
June 14, 2004 ;
JACKSON, TOM;
753 words
......the Streamlined Sales Tax Project, said in...last week that 42 states are putting together...merchants with the sales tax rates that apply...code in the United States. The idea of the...the Streamlined Sales Tax Project work involves...agreements between the ...
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Rep. Kisber to Lead National Sales Tax Simplification Effort; States...
U.S. Newswire;
December 3, 2001 ;
328 words
......Newswire/ -- Delegates from 19 states and the District of Columbia...effort to create a streamlined sales tax system for the 21st century...marked the first meeting of states who have enacted legislation...to get to this point in the sales tax simplification process," said...vital ...
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States Reach for Internet, Catalog Sales Tax.
Knight Ridder/Tribune Business News;
October 14, 2003 ;
787 words
......for years that the states' sales-tax systems were too...longer true. The states have been busy simplifying their sales-tax systems, and there...a new stream of sales-tax revenue from catalog...retailers. So far, 20 states have passed legislation...
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States' sales tax holidays.
Kiplinger Business Forecasts;
September 6, 2000 ;
466 words
......Samantha Levine More states will enact seasonal sales tax holidays in the...unattractive to many states. This year, South...Florida in offering sales tax breaks primarily...bargains. The sales tax holiday fever...about 15 or 20 states, says John C...
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Streamlined sales tax system to bring revenue influx to states.(STATE...
The Kiplinger Tax Letter;
October 7, 2005 ;
112 words
...A group of states is expecting an influx of sales tax revenue, even...A streamlined sales tax system has been launched in 18 states: Ark., Ind., Iowa...the number of sales tax rates are reduced...sales in these states. And they will...
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