Colorado Groups Push for Tax Hike on Higher Earners to Help With Budget Shortfall
The temporary income tax increase they’re supporting would apply to households making upwards of $250,000 per year. The state, like others, is facing budget pressures tied to the coronavirus outbreak.
What Tax Policy Might Look Like in the Era of Covid-19
COMMENTARY | States are facing significant shortfalls in tax revenue. Leaders will need to think carefully how to execute tax policy in an uncertain economic climate.
In an Airport City, Coronavirus Travel Slump Stokes Budget Worries
SeaTac, Washington is in relatively good financial shape. But its tax revenues depend heavily on a sector that’s taking a beating during the disease outbreak.
Extended Income Tax Deadline Is Yet Another Coronavirus Budget Curveball for States
Shifting the due date for income tax filings to July from April will likely create some budget gaps that states will have to manage in the final months of their fiscal years.
Worker Safety Net Measures Get Attention As Coronavirus Outbreak Grinds On
New York’s governor on Monday promised a paid sick leave proposal for people subject to quarantines.
State Lawmakers Face Uphill Battles as They Seek to Tax More Services
Maryland is the latest state to consider such a proposal. What many experts regard as “good tax policy” is often a tough political sell.
Taxing Internet Ads Could Raise Lots of Money, but Doubts Persist
Maryland could be the first in the nation to tax online ads.
Thinking Beyond Taxpayer Dollars for Stadium Improvements
COMMENTARY | Municipalities are now significantly less likely to spend public dollars on new stadium development. Owners and public officials are finding different, mutually beneficial partnerships to generate revenue for stadium upgrades.
Do Older Taxpayers Balk at Supporting Schools?
COMMENTARY | In certain places, opponents to new school taxes are finding success by courting older voters.
State Lawmakers Backtrack on a Tax Code Revamp
Utah officials say they plan to scrap a law they passed just last month after it attracted widespread public opposition, in part because of a tax hike on groceries.
Seniors’ Sweet Tax Breaks Have Become a Target
In most states, seniors pay less income tax than younger people. Is that fair?
Proposal Could Impose Higher Taxes on Companies With Large CEO-Worker Pay Gaps
A California Senate committee approved a bill meant to address big pay disparities between corporate executives and employees.
Property Taxes Sink Farmland Owners
As farmland continues to increase in value, even amid declining farm prices and weather woes, farmers see their tax bills rise.
Lawmaker Sees State Rainy Day Fund as Lifeline For Localities Battling Big-Box Stores Over Taxes
The Indiana legislation could assist local governments dealing with “dark-store theory” property tax appeals.
Tax Incentives Fail to Spur Broad Economic Growth, Study Finds
Researchers analyzed state and local governments tax incentive spending, finding little evidence that the deals spurred job growth outside the specific industry implicated.
Cities and States Look to Tap More Tax Revenue From Expensive Real Estate Sales
“It basically allows for luxury housing to pay for affordable housing,” said a Boston city council member describing a "transfer" tax proposal there.
With Healthy Budgets, Dozens of States Give Raises to Their Workers
The number of states bumping up pay for their employees has hit a high not seen since prior to the Great Recession.
In Two Blue States, Voters Back Democrats, But Show a Wariness Toward Taxes
In Colorado and Washington, residents this fall voted to either constrain state tax revenues or cut fees, even as Democratic lawmakers argue the money is needed to support education and transportation programs.
Opportunity Zones Investors Show Appetite for Real Estate Over Startups
Nearly three quarters of $4.5 billion that has poured into the program is in investment funds that plan to focus at least in part on residential real estate.
Chemical Companies Are Building Their Plants Overseas and Shipping Them Back In. They Still Get State Tax Breaks.
Louisiana attracts chemical companies with one of the country’s most generous tax exemptions. The idea is to bring jobs to the state. Instead, construction often happens offsite, and automation has cut down on the jobs that remain.
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