Montana
Preventing an Overload: How Property Tax Circuit Breakers Promote Housing Affordability
• By Brakeyshia Samms, Carl Davis
Circuit breaker credits are the most effective tool available to promote property tax affordability. These policies prevent a property tax “overload” by crediting back property taxes that go beyond a certain share of income. Circuit breakers intervene to ensure that property taxes do not swallow up an unreasonable portion of qualifying households’ budgets.
Extending Temporary Provisions of the 2017 Trump Tax Law: National and State-by-State Estimates
• By Joe Hughes, Matthew Gardner, Steve Wamhoff
The push by Congressional Republicans to make the provisions of the 2017 Tax Cuts and Jobs Act permanent would cost nearly $300 billion in the first year and deliver the bulk of the tax benefits to the wealthiest Americans.
State Income Tax Subsidies for Seniors
• By Carl Davis, Eli Byerly-Duke
State governments provide a wide array of tax subsidies to their older residents. But too many of these carveouts focus on predominately wealthy and white seniors, all while the cost climbs.
State Rundown 3/15: Tax Madness
• By ITEP Staff
It’s March and state lawmakers are showing why the Madness isn’t only reserved for the basketball court...
Lured by Promises of Financial Gain, Wealthy Families are Flocking to Voucher Tax Shelters and Eroding Public Education in the Process
• By ITEP Staff
Contact: Jon Whiten – jon@itep.org Lawmakers in several states are discussing enacting or expanding school voucher tax credits, which reimburse individuals and businesses for “donations” they make to organizations that give out vouchers for free or reduced tuition at private K-12 schools, as a new brief released today by the Institute on Taxation and Economic […]
Tax Avoidance Continues to Fuel School Privatization Efforts
• By Carl Davis
Wealthy families are overwhelmingly the ones using school voucher tax credits to opt out of paying for public education and other public services and to redirect their tax dollars to private and religious institutions instead. Most of these credits are being claimed by families with incomes over $200,000.
State Rundown 3/1: The Long March to the Finish Line
• By ITEP Staff
This week, several big tax proposals took strides on the march toward becoming law...
The Five Best Tax Ideas Coming from Governors This Year
• By Carl Davis
The word “tax” appears 97 times and counting in one recent summary of governors’ addresses to state legislators so far this year. The policy visions that governors are bringing, however, vary enormously. While there's good reason to worry about tax cuts for wealthy families and the flattening or elimination of income taxes, there are at least five great tax ideas coming directly out of governors’ offices this year.
State Rundown 2/9: We <3 Taxes
• By ITEP Staff
The great women’s philosopher, Pat Benatar, once said “love is a battlefield,” and there’s no greater test of our love for state tax policy than following the ups and downs of state legislative sessions...
State Rundown 1/26: Tax Season Brings With it Reminder of EITC’s Impact
• By ITEP Staff
Tax season has officially kicked off and with Earned Income Tax Credit (EITC) Awareness Day right around the corner, it serves as another reminder for how important the EITC is...
State Rundown 1/19: ITEP Provides a Roadmap for Equitable Tax Goals in 2023
• By ITEP Staff
State legislatures are buzzing as leaders and lawmakers jockey to advance their 2023 goals...
State Lawmakers Should Break the 2023 Tax Cut Fever Before It’s Too Late
• By Miles Trinidad
Despite mixed economic signals for 2023, including a possible recession, many state lawmakers plan to use temporary budget surpluses to forge ahead with permanent, regressive tax cuts that would disproportionately benefit the wealthy at the expense of low- and middle-income households. These cuts would put state finances in a precarious position and further erode public investments in education, transportation and health, all of which are crucial for creating inclusive, vibrant communities where everyone, not just…
Momentum Behind State Tax Credits for Workers and Families Continues in 2023
• By Miles Trinidad
Refundable tax credits are an important tool for improving family economic security and advancing racial equity, and there is incredible momentum heading into 2023 to boost two key state credits: the Child Tax Credit and the Earned Income Tax Credit.
State Rundown 11/30: ‘Lame Duck’ December Could Have Major Tax Implications
• By ITEP Staff
As federal lawmakers begin their lame duck deliberations, the revival of the expanded child tax credit remains a strong possibility...
Montana Budget & Policy Center: Tax Credits for Workers and Families
• By ITEP Staff
Montana has an opportunity to invest high state revenues to support families and individuals and improve our tax system. State tax credits targeted to those in most need of assistance help Montanans struggling to afford necessities. By expanding the state Earned Income Tax Credit (EITC), establishing a refundable state Child Tax Credit (CTC), and passing […]
State Child Tax Credits and Child Poverty: A 50-State Analysis
• By Aidan Davis
Regardless of future Child Tax Credit developments at the federal level, state policies can supplement the federal credit to deliver additional benefits to children and families. State credits can be specifically tailored to meet the needs of local populations while also producing long-term benefits for society as a whole
State Rundown 9/21: Earth, Wind, Fire & Taxes Edition
• By ITEP Staff
Do you remember/the big tax news innn September? Well, if not, we at ITEP got you covered...
Boosting Incomes and Improving Tax Equity with State Earned Income Tax Credits in 2022
• By Aidan Davis
States continued their recent trend of advancing EITCs in 2022, with nine states plus the District of Columbia either creating or improving their credits. Utah enacted a 15 percent nonrefundable EITC, while the District of Columbia, Hawaii, Illinois, Maine, Vermont and Virginia expanded existing credits. Meanwhile, Connecticut, New York and Oregon provided one-time boosts to their EITC-eligible populations.
State Rundown 7/27: It’s (Sales Tax) Holiday Season, But Who’s Really Celebrating?
• By ITEP Staff
It’s the holiday season – well, the sales tax holiday season, that is. But after taking a closer look, you may notice that there is little to celebrate...
State Rundown 7/13: Let’s Make a Deal
• By ITEP Staff
From the Bay State to the Golden State, lawmakers across the nation are making deals and negotiating budgets with major tax implications...
State Rundown 4/20: New Tax Changes in Full Bloom
• By ITEP Staff
This Spring looks to be bringing a mix of showers and flowers as states around the nation continue to act on a range of tax proposals...
State Rundown 2/16: Spending Priorities Emerge as the Votes Are Counted
• By ITEP Staff
State lawmakers have been busy working out deals and negotiating how best to use excess revenues, and as the votes are beginning to come in, spending priorities are becoming clearer...
Bloomberg: SALT Debate Forces Rich Americans to Confront Widening Tax Gap
December 10, 2021
Lawmakers in Arizona, Arkansas, Idaho, Iowa, Louisiana, Missouri, Montana, North Carolina, Ohio and Oklahoma have also approved cuts to their top personal income tax going into effect either this year or in future years. “There are states moving in different directions,” said Carl Davis, research director at the left-leaning Institute on Taxation and Economic Policy. […]
State Income Taxes and Racial Equity: Narrowing Racial Income and Wealth Gaps with State Personal Income Taxes
• By Carl Davis, Jessica Schieder, Marco Guzman
10 state personal income tax reforms that offer the most promising routes toward narrowing racial income and wealth gaps through the tax code.
State Rundown 9/1: Labor Day Edition
• By ITEP Staff
Labor Day is around the corner and in the spirit of celebrating the achievements of workers around the country, we here at ITEP want to call attention to the states (and territories) that are using tax policy to support workers and residents alike...
