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Show MAJOR TAX INFORMATION Utah and New Mexico are the only two of the eleven western states which levy all of thirteen major kinds of taxes. These include in-clude property taxes, sales tax, corporation income tax, individual individ-ual income tax, motor fuel tax, motor vehicle registration, common com-mon carrier tax, liquor tax, cig-arett cig-arett and tobacco taxes, insurance insur-ance company taxes, inheritance tax, severance tax, and public utility tax. This check list includes in-cludes all tax sources which pro- duce at least 1 of total state tax revenues in one or more of the western states. Oregon was the only western state that imposed no state property prop-erty tax in 1950. California's state property tax applied to motor vehicles only. Four states. Idaho, Montana, Nevada, and Oregon have no sales tax. Nevada Ne-vada also has no corporation or individual income taxes, and is the only western state with no inheritance tax. Washington and Wyoming have no individual or corporate income taxes. All eleven elev-en western states employ the gas tax, motor vehicle registration, registra-tion, common carrier, liquor, and insurance company taxes in their tax structures. Three states, Colorado, California, Cali-fornia, and Oregon have no state tax on cigarettes or tobacco. The severance tax is a significant revenue re-venue source of New Mexico, Montana, and Utah, and is also employed to a very minor degree de-gree in five other western states. The comparison of rates and fiscal significance of the separate taxes among states should be weighed with consideration of the total tax structure. For ex- ample, the property tax looms heaviest in the state of Montana which has no sales tax, and is also relatively heavy in Nevada, Wyoming, and Oregon. Nevada, however, collects no sales tax and no individual or corporate income taxes nor any inheritance tax. Wyoming is without individual indi-vidual or corporate income taxes , and Oregon has no sales tax. |