Conformity
Most states use the federal tax code as a starting point for their calculations of state personal income taxes, corporate income taxes, and estate taxes.
State Rundown 7/29: The Misguided, Miserly Missouri Amendment to Eliminate the Income Tax
• By ITEP Staff
Missouri voters are facing a major decision at the ballot box next week on Amendment 5, which would amend the state constitution to allow lawmakers to eliminate the individual income tax and expand the state’s sales tax on any good or service to make up for lost revenue.
A Year Later, Many States Have Decided Not to Double Down on Trump’s Tax Cuts
• By Nick Johnson
Nearly one year after the Trump tax law was signed, many of the 42 states with income taxes are declining to incorporate significant parts of the new law into their own tax codes.
State Rundown 6/25: Trending This Summer? New Revenue!
• By ITEP Staff
It's the first official week of summer, and while many of us are planning vacations, state lawmakers remain busy finalizing and debating tax proposals.
Celebrate Juneteenth With Tax Justice for All
• By Brakeyshia Samms
If Juneteenth is to mean anything beyond symbolism, it must also be a call to confront the policies that continue to shape racial inequities today. One of the most powerful drivers of that inequity is our tax system.
Rhode Island Budget Bets on Tax Fairness with Millionaires’ Tax and New Child Tax Credit
• By Miles Trinidad
The spending plan, signed into law by Gov. Dan McKee today, features a new millionaires’ tax, the state’s first permanent child tax credit, expanded eligibility for its Social Security exemption , and strategic decoupling from federal business tax provisions.
State Rundown 6/11: Taxing the Rich Heats Up
• By ITEP Staff
As we head into summer, many state legislatures are in the final stretches of their sessions. Rhode Island moved another step closer to joining the ranks of Washington, Maine, and Hawai’i in enacting a new high-income surcharge this year.
States Are Standing Up to the Monster Known as QSBS
• By Nick Johnson
We estimate that by 2032, QSBS will be costing states $1.1 billion a year, and since states must balance their budgets, that’s money they can’t use for public services.
State Rundown 6/4: Fiscal Flowers and Weeds Bloom in June
• By ITEP Staff
A veritable superbloom of tax and budget policies occurred over these last few weeks, including both flowers worth admiring and weeds worth fighting back.
State Rundown 5/7: Federal Showers Make States Dour
• By ITEP Staff
The effects of last year’s federal tax and spending cuts continue to ripple through the states. With gas prices soaring due to the Iran war, some states are attempting to provide a bit of relief in the form of gas tax reductions and suspensions.
State Rundown 4/30: Aloha to Tax Cuts, Hawaiʻi Lawmakers Address Revenue Gap with High-End Tax Changes
• By ITEP Staff
This week Hawaiʻi lawmakers reached a compromise to balance the state budget and maintain tax cuts for most residents by, in part, raising rates on the richest Hawaiians. Other states are working to generate revenue from their wealthiest residents, too.
While States Debate New Trump Tax Changes, Equity Must Be at the Core
• By Brakeyshia Samms
States continue to debate whether and how to link their state tax codes to the 2025 federal tax law. This is not just a technical debate.
State Rundown 4/16: Tax Day, a New Millionaires’ Tax and Late Blooming State Tax Action
• By ITEP Staff
Yesterday was Tax Day, and with many state legislative sessions wrapping, some tax changes are gearing up or crossing over the finish line.
Tax Break for Ultra-wealthy Investors Takes a Hit in Maine and Oregon
• By Nick Johnson
Policymakers in Maine and Oregon wisely said “no” last week to an income tax break for deep-pocketed tech investors and venture capitalists that was expanded in last year’s federal tax bill.
State Rundown 3/18: New Mexico Enacts Most Significant Corporate Tax Reform of the Year
• By ITEP Staff
As states lawmakers continue to weigh their linkages to the federal tax code in light of the recent federal tax law, New Mexico provides a blueprint for limiting multinational corporate tax avoidance.
States Should Be Doing More About Corporate Tax Avoidance. New Mexico’s Tax Conformity Law Shows How.
• By Carl Davis
On top of declining to fold large federal business tax cuts into state law, New Mexico also took the monumental step of hardening the state’s corporate tax base against offshore profit shifting.
State Rundown 3/12: Washington Lawmakers Pass Millionaires’ Tax, Expand Working Families Tax Credit
• By ITEP Staff
Washington is on its way to making history after the legislature approved the “millionaires’ tax,” a 9.9 percent tax on income over $1 million. The bill, which is expected to raise more than $3 billion a year, making significant investments in public education and childcare, will also expand the Working Families Tax Credit – the […]
Testimony: ITEP’s Marco Guzman Outlines Positive Tax Reform Proposals for Colorado Lawmakers
• By Marco Guzman
This testimony was delivered to the Colorado House Finance Committee on March 9, 2026. You can watch video of the testimony here (Marco starts around the 6:12:40 PM mark). My name is Marco Guzman, and I am a Senior Analyst at the Institute on Taxation and Economic Policy (ITEP). ITEP is a non-profit, non-partisan tax […]
Governor Should Put New Mexico’s Tax Interests First
• 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
• By ITEP Staff
As many state legislative sessions near or cross the halfway point, lawmakers are facing tough choices.
Testimony: ITEP’s Miles Trinidad Urges Maryland Lawmakers to Decouple from Tax Breaks for Opportunity Zones and FDEII
• By Miles Trinidad
Chair, Vice Chair, and Members of the Committee, Thank you for the opportunity to submit testimony in support of House Bill 1080, which would decouple the state from federal tax breaks for Opportunity Zones (OZs) and Foreign-Derived Deduction Eligible Income (FDEII). My name is Miles Trinidad, and I am a state analyst with the Institute on Taxation and Economic Policy (ITEP), […]
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
• By Miles Trinidad
This testimony was delivered to the Maryland House Ways and Means Committee on February 26, 2026 Chair, Vice Chair, and Members of the Committee, Thank you for the opportunity to submit testimony in support of House Bill 930, which would decouple Maryland’s tax code from recent federal expansions of 529 education savings plans as they related to private K-12 tuition, and would ensure […]
Testimony: ITEP’s Miles Trinidad Urges Maryland Lawmakers to Decouple from Increased SALT Cap
• By Miles Trinidad
This testimony was delivered to the Maryland House Ways and Means Committee on February 26, 2026 Chair, Vice Chair, and Members of the Committee, Thank you for the opportunity to submit testimony in support of House Bill 926, which would decouple Maryland from recent federal increases to the cap on state and local tax (SALT) deductions. My name is Miles Trinidad, […]
Testimony: ITEP’s Miles Trinidad Urges Maryland Lawmakers to Decouple from Bonus Depreciation and Business Interest Deductions
• By Miles Trinidad
This testimony was delivered to the Maryland House Ways and Means Committee on February 26, 2026 Chair, Vice Chair, and Members of the Committee, Thank you for the opportunity to submit testimony in support of House Bill 880, which would decouple Maryland from federal corporate tax changes on the expanded bonus depreciation and business interest deductions. My name is […]
Testimony: ITEP’s Miles Trinidad on Decoupling from the QSBS Exclusion Before the Maryland House Ways and Means Committee
• By Miles Trinidad
This testimony was delivered to the Maryland House Ways and Means Committee on February 26, 2026. Chair, Vice-Chair, and Members of the Committee, Thank you for the opportunity to provide testimony in support of House Bill 801. My name is Miles Trinidad, and I am an analyst at the Institute on Taxation and Economic Policy […]
Testimony: ITEP’s Marco Guzman Details a Package of Tax Bills for the Connecticut General Assembly Finance Committee
• By Marco Guzman
This testimony was delivered to the Connecticut General Assembly Finance Committee on February 26, 2026. My name is Marco Guzman, and I am a Senior Analyst at the Institute on Taxation and Economic Policy (ITEP). ITEP is a non-profit, non-partisan tax policy organization, conducting rigorous analyses of tax and economic proposals and providing data-driven recommendations […]
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and Economic Policy
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
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