State Corporate Income Tax: Can (and Should) it be Saved?


March 1, 2003

Funding: American Tax Policy Institute

Summary: This project focuses on several questions relevant to assessing the role of the corporate income tax in the system of state finance. The research documents the trends in state corporate tax to quantify the extent of the decline in corporate tax receipts. The Researcher(s) have assembled panel data on state finances for each of the fifty states spanning the period from 1981 to 2001. The panel data has allowed evaluations of the effects of different policies on corporate tax receipts. The panel has also allowed comparisons of how the state corporate tax fares in manufacturing versus non-manufacturing states.

 

Researcher(s)

David Brunori

Joseph Cordes