
From surcharges on the income of high-earners to higher taxes on second homes, here are recent steps states have taken to tax the rich.
As many legislative sessions end, lawmakers are revealing their priorities.
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.
April 20, 2026 • 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.
March 26, 2026 • By ITEP Staff
This week, troubling revenue projections are making headlines, with many lawmakers scrambling to determine how the tax changes at the federal level, plus price hikes driven by national policy decisions, will impact their states.
March 12, 2026 • 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 […]
March 10, 2026 • 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 […]
February 19, 2026 • By ITEP Staff
State lawmakers are grappling with a range of challenges as their fiscal outlooks deteriorate, federal tax enforcement wanes (after the Trump administration cut the IRS workforce by 25 percent), and a rewritten federal tax code sends states scrambling to decide what changes they might want to make in their own codes.
February 11, 2026 • By ITEP Staff
While some may be excited for a romantic Valentine’s Day this weekend, many state lawmakers are breaking up and decoupling from recent federal tax changes that are poised to leave states with revenue shortfalls – much like a bad date who forgets their wallet and asks you to pick up the tab.