Budget & Revenue
Casino Gambling May Not Be Winning Jackpot For The Commonwealth
Recent media coverage and debate among state lawmakers shows that Virginia has interest in legalizing casinos. And on Monday, two bills were prefiled for the 2020 legislative session that would do just that.
Restoring Virginia’s Estate Tax Would Increase Funding for Services and Reduce Inequality
At the federal level, policy discussions increasingly revolve around wealth taxation as a potential funding source for ambitious proposals.
Healthier Virginia Families: A Refundable EITC Means More Than A Check
Health care ranks as one of the top issues of importance for people across our state. Discussions around health...
Improving Federal and State Credits Would Boost Virginia’s Latinx Families
While tax laws may seem racially neutral, research has shown that tax policy choices often have substantially different impacts...
Over 1 Million Virginia Taxpayers Expected to Miss Out on Refund Checks
If everything goes according to schedule, Virginia’s tax department will begin issuing $110 refund checks – $220 for joint filers – to Virginia taxpayers beginning next week and continuing through the first half of October.
Federal Proposal Would Boost Working People throughout Virginia’s Economy
As Labor Day approaches and we celebrate the contributions and achievements of working people, we must also acknowledge the barriers that many continue to face.
Combined Reporting: A Key Tool to Limit Corporate Tax Avoidance
Next week, the Northam administration will give their annual presentation about the state’s finances to the legislature’s money committees. Preliminary reports indicate that state revenues came in above the official forecast for the fiscal year that ended in June.
New Federal Proposal Would Give Needed Income Boost to Virginia’s Veterans and Active-Duty Military
Many veteran and military families in Virginia struggle to make ends meet.
New IRS Rule Narrows Tax Loophole Abused in Virginia
Earlier this month, the Internal Revenue Service (IRS) finalized a new rule helping to narrow a tax loophole that had been abused here in Virginia. The rule prevents people or corporations from “double-dipping” when making donations to private or religious schools as explained here by the Institute on Taxation and Economic Policy (ITEP).