Taxes
State & Local Roundup: The Child Tax Credit Gets a Boost
President Biden this week proposed bringing back the 2021 expanded credit amidst moves by states to enact their own. Plus: A red state pot rebuke; Tennessee restricts Nashville’s city council; Boston transit troubles; and more news you can use from around the country.
How One County Fixed Its Broken Property Tax System
Property taxes are considered the ultimate “fair” tax. But that fairness hinges on the assumption that homes are being assessed accurately, regularly and thoroughly.
States Are Scoring Millions in Tax Revenue from Sports Betting
Ahead of this weekend’s Super Bowl, a Route Fifty analysis shows the states where income from sports gambling was the highest.
A Governor Backs a Major Funding Boost for Counties and Cities
His plan involves sharing 20% of state sales tax collections with localities and giving them more latitude to raise taxes.
Top Sales Tax Trends to Watch in 2023
COMMENTARY | The current economic uncertainty will shape state and local government changes to tax policy.
States Put Grocery Taxes on Ice
Two more states are tossing grocery taxes; others are considering it.
A Governor Proposes Slashing His State's Income Tax by Half
The "biggest tax cut in the history of this state" is how he described it. But critics say the hit to revenue, estimated at over $1 billion annually in future years, would further undermine already shortchanged public services.
This Dry January, Consider the Alcohol Excise Tax
Many states have abstained for decades from updating so-called sin taxes applied to wine, beer and liquor. One expert explains why changes could be on the horizon.
Here's What Was Left Out of the $1.7 Trillion Federal Spending Bill
A number of provisions state and local governments had been seeking were excluded, including renewed expansions of tax credit programs that help support low-income housing and households with kids.
State and Local Governments Look to the Sales Tax to Refill Coffers
COMMENTARY | During past adverse economic cycles, the tax has often proven to be a more consistent and efficient method of funding compared to the income tax.
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.
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