Katherine Loughead
Tax Foundation
Washington, DC, United States
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Past articles by Katherine:
Illuminating the Hidden Costs of State Tax Incentives
In most states, tax incentives abound, usually offered as a way of promoting new investment or attracting certain industries by shielding them from the full impact of otherwise high tax rates. → Read More
Outlier No More: Kansas Adopts Tax Reform with Wayfair Safe Harbor, GILTI Exclusion
After three years of deliberations, more than two-thirds of members in both the Senate and the House enacted tax reform and relief legislation Monday over the veto of Gov. Laura Kelly (D). → Read More
Which States Are Taxing Forgiven PPP Loans?
Congress chose to exempt forgiven Paycheck Protection Program (PPP) loans from federal income taxation. Many states, however, remain on track to tax them by either treating forgiven loans as taxable income, denying the deduction for expenses paid for using forgiven loans, or both. → Read More
Which States Are Taxing Forgiven PPP Loans?
Congress chose to exempt forgiven Paycheck Protection Program (PPP) loans from federal income taxation. Many states, however, remain on track to tax them by either treating forgiven loans as taxable income, denying the deduction for expenses paid for using forgiven loans, or both. → Read More
Colorado Proposition 116: Will Voters Reduce the State Income Tax Rate?
This Election Day, Colorado voters will weigh in on Proposition 116, which would permanently reduce the state’s flat income tax rate from 4.63 to 4.55 percent. → Read More
Future of Wisconsin Vapor Tax Uncertain after Decision by State Supreme Court
The Wisconsin Supreme Court struck down several of Gov. Tony Evers’ (D) partial vetoes to the state’s biennial budget for fiscal years 2020 and 2021. → Read More
In Some States, 2020 Estimated Tax Payments Are Due Before 2019 Tax Returns
To prevent confusion and to ensure taxpayers receive the full benefit of the extended federal deadline, states should consider extending first- and second-quarter estimated tax payment due dates to July 15 or later. → Read More
Wisconsin Legislature Sends Budget, Marketplace Provider Bill to Governor
Wisconsin legislature recently approved an online tax bill, income tax cuts, and has sent the budget and marketplace provider bill to Gov. Tony Evers. → Read More
Minnesota House and Senate at Odds Over Gas Tax Increase
The Minnesota House of Representatives and Senate have each passed an infrastructure funding bill. Learn more about Minnesota gas tax increase proposal. → Read More
Will Rhode Island Offset Wayfair Influx with a Sales Tax Cut?
Years before the U.S. Supreme Court’s landmark 2018 South Dakota v. Wayfair decision, Rhode Island policymakers had the foresight to decide future remote sales tax collection authority would be accompanied by a reduction in the state sales tax rate. Now that such authority has been granted by the Court,… Read More → Read More
Colorado Bill Would Put Vapor and Cigarette Tax Increases on November Ballot
If Governor Jared Polis (D) has his way, Colorado voters will consider a cigarette tax increase and a new vapor tax on the ballot this November. House Bill 19-1333, introduced less than two weeks before the end of the 2019 legislative session, would ask voters to approve a vapor… Read More → Read More
Colorado Inches Forward on “Wayfair Checklist,” but Complexity and Legal Questions Remain
After the U.S. Supreme Court handed down its landmark 2018 South Dakota v. Wayfair decision, many states quickly adopted laws like South Dakota’s to establish good legal standing for remote sales tax collection. For some states, this process was as simple as adopting a de minimis exemption to protect… Read More → Read More
Indiana Chips Away at Tangible Personal Property Taxes
Legislation in Indiana to increase the exemption threshold for tangible personal property taxes to $40,000 would reduce tax burdens for numerous businesses. → Read More
Kentucky Kicks the Can Down the Road on Gas Tax Proposal
The Kentucky gas tax proposal would have increased the gas tax by 10 cents per gallon (cpg), among other changes. Learn more about KY gas tax legislation. → Read More
How Much Does Your State Collect in Property Taxes Per Capita?
How much does your state collect in property taxes per capita? Our updated map compares 2019 property taxes per capita by tax collections. → Read More
State and Local Individual Income Tax Collections Per Capita
How much does your state collect in income taxes per capita? Our new map compares state and local income taxes per capita across the country. → Read More
How Much Does Your State Collect in Sales Taxes Per Capita?
How much does your state collect in sales taxes per capita? Our new 2019 map shows how your state compares on collections of sales tax per capita. → Read More
How High Are State and Local Tax Collections in Your State?
Our new map shows state and local tax collections per capita in each of the 50 states and Washington, DC. How high are tax collections in your state? → Read More
Which States Rely the Most on Federal Aid?
State taxes aren't the only source of state revenue. How much does your state rely on federal aid? How does state federal aid reliance compare nationally? → Read More
Does Your State Have a Throwback Rule?
States that have a throwback rule inject another layer of complexity into already complicated state corporate tax structures. What is a throwback rule? → Read More