ITEP State Rundown

While frigid temperatures expected across a large swath of the country, major tax proposals are heating up in the states. Governors are giving their State of the State addresses and state lawmakers have begun to convene for 2025. New York Gov. Kathy Hochul announced plans to expand the state’s Child Tax Credit earlier this year and has since announced nearly $1 billion in income tax cuts. Maryland Gov. Wes Moore unveiled a new tax proposal aimed at helping close the state’s looming revenue shortfall. The plan would increase taxes on the wealthy and cut taxes for many low- and middle-income…

It’s a new year, and state legislatures across the country are resolved to write new tax policy. Tax debates are heating up nearly everywhere in the early days of 2025, but states’ fiscal situations vary dramatically. New York is considering expanding the state’s Child Tax Credit following Gov. Hochul’s proposed expansion. On the other side […]

The anti-tax playbook has been on full display in recent weeks as state policymakers run their offenses against public services and shared priorities. As the playbook dictates, if you have a little breathing room in your budget, propose cuts to the one major tax (personal income tax) that tends to ask more of those who […]

The 2025 legislative season will be here before we know it, and state lawmakers have begun unveiling their priorities and proposals. Unfortunately, despite stagnating revenue growth, many lawmakers continue to push for deep, regressive tax cuts - often before the full impact of previous tax cuts is felt.

This week, there are high-profile budget and tax debates at both the state and local levels. The Louisiana legislature continues to debate Gov. Jeff Landry’s deeply regressive tax package in a special session focused on replacing corporate and personal income tax revenue with additional sales taxes, but some efforts to find offsets for the cuts […]

Tax policy results are mixed across the country as many voters weigh in on state and local ballot measures. For example, Washington state voted to maintain its new progressive tax on capital gains; Georgia voters capped growth in property tax assessments; Illinois voters approved a call for a millionaires’ tax; North Dakota voters rejected property […]

Louisiana Gov. Jeff Landry is proposing a regressive tax reform package that would enact a flat personal and corporate income tax while expanding the state’s sales tax base and eliminating certain exemptions to make up for a portion of the lost revenue. West Virginia continues to chip away at its personal income tax, one of the state’s few progressive revenue options. And advocates in New York are rallying around a package of progressive tax legislation that would tax capital gains at higher rates, enact higher income tax brackets on multi-millionaires, and tax unrealized capital gains of billionaires.

This week several states are getting an early start at writing new tax policy in special sessions. In West Virginia, the legislature has come to an agreement with Gov. Justice on an additional tax cut—on top of already-planned cuts. The 2 percent cut will cost the state $49 million a year and come from spending […]

As the dust settles...

Property tax bills are undeniably a concern for many low- and moderate-income households across the nation...

Whether they’re in a special session, gearing up for one, or prepping for 2025, states around the country are focusing on important tax fights...

State lawmakers will have a lot to discuss when they compare notes on how they spent their summer vacations this year...

While Massachusetts legislators recently dropped a real estate transfer tax from their major housing bill, the District of Columbia council sent a budget to the mayor that includes a mansion tax that would increase the tax rate on properties valued over $2.5 million. Meanwhile, lawmakers in New Jersey and South Carolina continue to, respectively, raise and reduce needed revenues.

Many families are heading out on summer vacations, but legislators across the country are heading back to statehouses for special sessions...

State budgets are falling into place as lawmakers near the end of their legislative sessions...

This week, it was the best of times or, in some cases, the worst of times for tax policy in two different states...

Legislative sessions across the country are still very much in for summer, which means more pencils, more budgets, and more tax plans...

State legislatures are wrapping up, but don’t stray too far from your state capital or you’ll miss out on the action...

Uncertainty abounds in state tax debates lately...

This week, special sessions with major tax implications are in the air...

This week, many states took steps toward enacting tax cuts...

Many state legislative sessions are wrapping up...

Happy (belated) Tax Day!

This week tax cuts were debated across the upper Midwest...

While madness is typically reserved for basketball in March, several high-profile, regressive tax cuts are making their way through state legislatures this week...