Taxes may be inevitable, but how they are applied to businesses and individuals can always be adjusted at the local, state, and national levels.
Please feel free to join Senior Economist Peter Evangelakis, Ph.D. for a REMI webinar presentation, “Cutting State Taxes: Dynamic Fiscal Analysis in Arkansas,” on Wednesday, July 24th from 2 to 3 p.m. (ET) that provides an overview of dynamic fiscal notes and how they can be used to analyze changes in tax policy.
REMI worked with the Arkansas Bureau of Legislative Research to produce fiscal notes for the state’s various personal and corporate income tax proposals. The analysis was conducted in order to help identify the most beneficial option for the citizens and businesses of Arkansas, while also understanding the full impact on the state’s coffers.
This analysis used REMI’s Tax-PI model to assess the economic, demographic, and fiscal impacts associated with altering tax collection strategies in the Natural State. These kinds of assessments could benefit states looking to revise their current tax structures in the hopes of addressing problem areas and locating new opportunities for growth.
Dr. Evangelakis’s discussion also includes an explanation of the REMI model and the methodologies implemented in this collaborative examination of economic outcomes and potential revenue approaches.