Taxes
The Fight to Expand the Low-income Housing Tax Credit
With the nation’s home shortage grinding on, advocates and some lawmakers want to restore, and possibly go beyond, a previous increase in the federal credits, which are key in helping finance the construction of affordable housing. But will Congress act?
Federal Watchdog Calls for National Online Sales Tax Standards
Lawmakers on Capitol Hill have shown interest in the idea. But any plan along these lines is sure to draw skepticism from states and localities worried about ceding their power over tax policy.
How Your State Can Reduce Fraud With Marijuana Tax Payments
COMMENTARY | Governments can be unaware of whether they are receiving the correct revenues from cannabis sales. But there are options available to help agencies root out noncompliance, improve forecasts, and potentially up collections.
How Tax Credits Could Help States Reduce Child Poverty by 25%
A well-designed plan would collectively cost 2.6% of total state and local revenue and complement existing federal policies, according to the Institute of Taxation and Economic Policy.
Voters in One State Approve a Tax on Millionaires
And in another they eliminated tax breaks for higher earners. But national trends with ballot initiatives to tax the wealthy are mixed overall this year and hard to interpret.
West Virginia Ballot Measure Has Local Officials ‘Very, Very Nervous’
A proposal before voters would eliminate a key source of revenue for the state’s local governments and end a tax on people’s cars.
A Fight Over How Tax Hikes are Passed at the Ballot Box
A proposal before Arizona voters would change the threshold for approving tax initiatives from a simple majority to 60%. Is it a check on outside groups funding tax-and-spend measures? Or a hit to citizens' power to approve new funding for their priorities?
Can a State Erase Property Taxes Without Wiping out Education?
The long, difficult and ongoing quest to reduce property taxes in Pennsylvania.
What the Housing Market Slowdown Will Mean for Property Taxes
Red hot home sales during the pandemic have cooled and that could have consequences for one of the main revenues local governments rely on. But the outlook varies place to place.
A Leading Republican Looks to Get Tough on the SALT Deduction
Rep. Adrian Smith, who is vying to be the top Republican on the House Ways & Means Committee, views the state and local tax deduction as a potential federal “subsidy” for liberal policies.
As Cities Recover, Financial Worries Loom
An annual National League of Cities’ survey finds optimism among city finance officials, but also wariness about risks like inflation and the possibility of a recession.
As Electric Vehicles Shrink Gas Tax Revenue, More States May Tax Mileage
This year, legislators in at least eight states debated mileage taxes on drivers of electric vehicles.
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