STAMP is a computer program designed to provide the user with the ability to perform tax policy “simulations”– analyses of how hypothetical tax changes will affect the state economy. A typical run of the model will answer questions such as, “How will a change in the top state personal income tax rate affect employment in the state? How will it affect employment in the construction sector? In the sector that manufactures industrial machinery and equipment? How will a change in the corporate income tax rate affect capital spending in the transportation sector? In retail trade?”
STAMP is available to research institutes and other entities and persons performing research on state tax policy. The Beacon Hill Institute for Public Policy Research is ready to build a STAMP model tailored to the issues important to your state.