Institute on Taxation and Economic Policy (ITEP)

Florida

State Rundown 1/7: New Year, New Opportunities for Progressive Revenue

As we kick off a new year, several states are facing revenue shortfalls. Some lawmakers are approaching the challenge with sustainable and equitable solutions.

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‘Tax the Rich,’ Says … Mitt Romney?

December 22, 2025 • By Matthew Gardner

‘Tax the Rich,’ Says … Mitt Romney?

His 900-word New York Times op-ed identifies some sensible federal tax reform ideas that would create a fairer, more sustainable tax system.

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Texas Property Tax Plan Mimics California’s Damaging Prop 13

December 19, 2025 • By Neva Butkus, Rita Jefferson

Texas Property Tax Plan Mimics California’s Damaging Prop 13

This proposal would disrupt the state’s housing market and jeopardize local revenues while doing very little to help workers and families struggling to pay their property tax bills – just as Prop 13 did in California.

State Rundown 12/17: Tax Policy ‘Naughty or Nice’ List Has Late Entrants

With a little over a week left, some states are solidifying their spots on the tax policy “naughty or nice” list.

State Rundown 12/10: ‘Tis the Season to Reclaim Lost Revenue

property tax debates are taking place throughout the nation.

Not-So-Free Kick: How the 2026 FIFA World Cup Will Cost Cities Millions

FIFA demanded sales tax breaks on World Cup Tickets. That means millions in lost revenue for host cities already shouldering the costs on providing infrastructure, security and logistics.

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State Rundown 12/3: Property Tax Cuts and Deficits

December 3, 2025 • By ITEP Staff

State Rundown 12/3: Property Tax Cuts and Deficits

States are increasingly facing difficult choices as revenues stagnate and deficits come clearer into focus.

PBS/NPR Southwest Florida: Eliminating Property Taxes Would Make Florida’s ‘Worst in the U.S.’ Regressive System Even Worse

December 3, 2025

The Sunshine State has the most “regressive” tax structure of all 50 states, according to a recent study by a national tax analysis organization. That means the wealthy pay a lower percentage of their income in taxes while the poor and middle class pay more. Read more.

State Rundown 11/24: States Say ‘No Thank You’ to Federal Tax Cuts Reducing State Revenue

Lawmakers in two more states have wisely said “no thank you” to federal tax cuts that would have flowed through to their state tax codes and undermined funding for their priorities

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The Wealth Proceeds Tax: A Simple Way for States to Tax the Wealthy

October 30, 2025 • By Sarah Austin, Carl Davis

The Wealth Proceeds Tax: A Simple Way for States to Tax the Wealthy

Taxing the proceeds generated by wealth through a new Wealth Proceeds Tax is a simple way for states to raise billions in new revenue and improve the fairness of their tax systems.

State Rundown 10/27: As Temperatures Cool Tax Policy Heats Up

States across the nation are debating how best to respond to costly new federal tax cuts.

Florida Policy Institute: Challenges Ahead: What Census Data Reveals about the Wealth Gap and Uninsured Rate as Florida Braces for H.R. 1

October 9, 2025

The Census Bureau’s data provides a baseline for understanding the realities Floridians face. These reports show that while taxes and transfers play a measurable role in reducing inequality and limiting hardship, gains remain uneven — particularly for children. The passage of H.R. 1 threatens to widen these gaps by locking in benefits for the wealthiest […]

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The Potential of Local Child Tax Credits to Reduce Child Poverty

October 8, 2025 • By Kamolika Das, Aidan Davis, Galen Hendricks, Rita Jefferson

The Potential of Local Child Tax Credits to Reduce Child Poverty

Local governments have a critical role to play in reducing child poverty. Local Child Tax Credits could provide large tax cuts to families at the bottom of the income scale, lessening the overall regressivity of state and local tax systems.

State Rundown 10/1: State and Local Governments Doing the Opposite of Shutting Down

State and local officials are staying very busy by considering a dizzying amount of reversals.

State Rundown 9/18: Lawmakers Confront Revenue Loss from Federal Policy Changes

Some states are trying to avoid revenue loss while others are welcoming it and doubling down.

State Rundown 9/4: Colorado Tackles Offshore Corporate Tax Avoidance, Paves Way for State Conformity Best Practices

Despite an increasingly bleak state revenue outlook, state lawmakers across the country continue to prioritize regressive tax cuts.

State Rundown 8/6: Tax Policy is Hot in the Middle of Summer

As states prepare for the revenue loss and disruption resulting from the federal tax bill, tax policy is being considered in legislatures across the country.

CBS News: Florida’s Month-long School Tax “Holiday” Kicks Off This Week

July 28, 2025

The Washington, D.C.-based Institute on Taxation and Economic Policy argues the discount periods have minimal benefit for working families.

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State Tax Action in 2025: Amid Uncertainty, Tax Cuts and New Revenue

July 28, 2025 • By Aidan Davis, Neva Butkus, Marco Guzman

State Tax Action in 2025: Amid Uncertainty, Tax Cuts and New Revenue

Federal policy choices on tariffs, taxes, and spending cuts will be deeply felt by all states, which will have less money available to fund key priorities. This year some states raised revenue to ensure that their coffers were well-funded, some proceeded with warranted caution, and many others passed large regressive tax cuts that pile on to the massive tax cuts the wealthiest just received under the federal megabill.

State Rundown 7/24: States Begin Preparing for Federal Megabill Fallout

All eyes in statehouses in recent weeks have been on federal budget negotiations, and now that the “megabill” has passed, they are focused in on their own budgets in search of ways to cope with the enormous consequences coming their way. All states will see fewer federal dollars flowing through their coffers, higher needs due […]

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How Will the Trump Megabill Change Americans’ Taxes in 2026?

July 22, 2025 • By Steve Wamhoff, Michael Ettlinger, Carl Davis, Jon Whiten

How Will the Trump Megabill Change Americans’ Taxes in 2026?

The megabill will raise taxes on the poorest 40 percent of Americans, barely cut them for the middle 20 percent, and cut them tremendously for the wealthiest Americans next year.

Over the next month, 15 states will temporarily exempt a range of products from sales tax, joining one that held its sales tax holiday earlier this summer and two that do so a little later in the year. While these temporary suspensions may have some surface appeal, they have many significant downsides, as we explain in […]

Sales Tax Holidays Miss the Mark When it Comes to Effective Sales Tax Reform

Sales tax holidays are often marketed as relief for everyday families, but they do little to address the deeper inequities of regressive sales taxes. In 2025, 18 states offer these holidays at a collective cost of $1.3 billion.

Two in Three Americans Live in States with Variable-Rate Gas Taxes

As inflation and fuel efficiency undercut traditional gas tax revenue, many states are rethinking how they fund transportation. Lawmakers across the country are beginning to modernize outdated gas tax systems to keep pace with rising infrastructure costs and changing driving habits.

How Much Would Every Family in Every State Get if the Megabill’s Tax Cuts Given to the Rich Had Instead Been Evenly Divided?

If instead of giving $117 billion to the richest 1 percent, that money had been evenly divided among all Americans, we'd each get $343 - or nearly $1,400 for a family of four.