American Press: Lawmakers examine income tax
media mention“Three identical measures would allow voters to decide whether they want to eliminate the federal income tax deduction that is allowed on state income tax forms. The deduction is in the constitution. The change would raise $748 million annually, and the vote to decide the issue would take place Nov. 8. Only three states — Alabama, Iowa and Louisiana — allow a full deduction for all federal income taxes paid. Missouri, Montana and Oregon limit the amount of the deduction, according to the Institute on Taxation and Economic Policy.”