The Institute on Taxation and Economic Policy
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Governor Should Put New Mexico’s Tax Interests First
March 6, 2026 • By Amy Hanauer, Amber Wallin
By decoupling from three misguided federal corporate income tax cuts under the One Big Beautiful Bill, plus taking steps to curb unfair corporate tax avoidance, SB 151 would raise and safeguard more than $120 million annually.
State Rundown 3/4: Budget Realities Set In
March 4, 2026 • By ITEP Staff
As many state legislative sessions near or cross the halfway point, lawmakers are facing tough choices.
New Income Tax Disclosure Rules Mean Halliburton Can No Longer Conceal Its Offshore Tax Avoidance
March 2, 2026 • By Matthew Gardner
The company’s latest annual report throws the doors wide open once again on Halliburton’s penchant for offshoring its profits to tax havens, thanks to terrific new disclosure rules introduced by an obscure but vital agency, the Financial Accounting Standards Board (FASB).
Cheniere Energy Gets $380 Million Gift from Trump’s Treasury Department
February 26, 2026 • By Matthew Gardner
Cheniere Energy's latest annual financial report shows the company reaped a cool $380 million in tax cuts from a single regulatory change made by the Trump administration last fall.
Nvidia’s Tax Bill Shows It’s Not Just Zero-Tax Corporations That Hurt Our Budget Deficit the Most
February 26, 2026 • By Matthew Gardner
Semiconductor giant Nvidia reported avoiding $6.8 billion in federal income taxes last year. The company did this in a year when it reported greater earnings growth than almost any corporation in history, with U.S. pretax income coming in at an astonishing $123 billion.
ITEP in the News
Springfield News-Leader: Property Tax Caps on April Ballot in Several Counties Worry Districts
MarketPlace: Trump’s Tax Breaks for Big Corporations
Barron's: Trump Says His Tariffs Could Replace Income Taxes. Here’s What Tax Experts Say.
NPR: Tariffs Cost American Shoppers. They’re Unlikely To Get That Money Back
St. Louis Magazine: How St. Louis County's Senior Tax Freeze Takes from the Young to Give to the Old
ITEP Work in Action
Oregon Center for Public Policy: Tax Cuts for the Rich, Higher Taxes for Everyone Else: The Net Effect of Trump’s Tax Policies
California Budget & Policy Center: 5 Facts To Know About Corporate Taxes in California
ITEP Data Cited in New York Corporate Tax Bill
Testimony: ITEP's Miles Trinidad Urges Maryland Lawmakers to Decouple from Tax Breaks for Opportunity Zones and FDEII
Testimony: ITEP's Miles Trinidad Urges Maryland Lawmakers to Decouple from Expanded 529 Education Savings Plans and Not Opt-In to New Private School Voucher Program
Across the States
Tax Watch
State Tax Watch 2026
ITEP tracks tax discussions in legislatures across the country and uses our unique data capacity to analyze the revenue, distributional, and racial and ethnic impacts of many of these proposals. State Tax Watch offers the latest news and movement from each state.
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Learn more about state taxes across the country, read Who Pays?
State Rundown & On the Map
On the Map
State Rundown 3/4: Budget Realities Set In
As many state legislative sessions near or cross the halfway point, lawmakers are facing tough choices.
Taxes on Adult-Use Cannabis in Each State
Twenty-three states have legalized the sale of cannabis for general adult use. Every state allowing legal sales applies an excise tax to cannabis based on…
State & Local Tax Policy
Governor Should Put New Mexico's Tax Interests First
March 6, 2026 • By Amber Wallin, Amy Hanauer
Pioneer Institute Criticizes ITEP For Not Writing the Paper They Would Have Written
February 25, 2026 • By Eli Byerly-Duke
Property Tax Reforms Can Bring Racial Justice
February 19, 2026 • By Brakeyshia Samms
It’s Time for States to Jettison Nonsensical FDDEI Deductions
February 19, 2026 • By Carl Davis
