More than half of the states are likely to legalize sports betting, and a handful of new states will legalize recreational marijuana in 2019, tax policy professionals predict.
States in 2018 saw a new avenue of potential tax revenue open up as the U.S. Supreme Court reversed a ban on sports betting, and more states have shown an interest in legalizing recreational marijuana. There are similar factors that could determine which states are next to take those steps, according to state and local tax policy professionals. Both issues face the same quandary: finding a tax rate “sweet spot” to maximize ...
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