01/31/2025
"While lawmakers across the country are advancing bills to make their state tax climates more hospitable by lowering rates, their counterparts in other states, particularly in coastal blue states, are proposing to raise state tax burdens this year."
Blue State Governors Push For Higher And More Progressive Income Taxes
As blue state governors and lawmakers propose making their states more costly places to live and work, their red state counterparts are seeking to do the opposite.
01/29/2025
"Three bills and a proposed constitutional amendment, mainly aimed at limiting state and local governments' ability to create or raise taxes without voter approval, were discussed during the Missouri House of Representatives Ways and Means Committee meeting."
Missouri lawmakers renew push to limit tax increases
The Missouri House Ways and Means Committee heard a handful of bills that touched on limiting taxes.
01/29/2025
"Per state law, the income tax rate is already decreasing over the next five years until it reaches 2.9% in 2027. Senate Bill 451 would lower it further to 2.85% in 2030, but only if state revenue grows more than 3% year-to-year."
Indiana Senate approves income tax cut. Here's how much you would save.
Senate Bill 451 from Republican Sen. Travis Holdman could lower Indiana's income tax rate further starting in 2030, but it depends on revenue growth.
01/28/2025
"HB 1416, which was introduced on Jan. 20, seeks to raise the tax cap on ci**rs from 65 cents per cigar to 72 cents. While Washington has a tax rate of 95 percent of the taxable sales price, it maintains a cap on the maximum tax that can be charged."
Washington State Legislators Propose Higher Cigar Tax
While Washington state has one of the highest cigar tax rates in the country, it has been capped at 65 cents. Now, a group of legislators is seeking to raise that cap.
01/28/2025
"If passed, it also would give residents the means to increase the tax credit to up to $250 per person if they submit itemized receipts. The new credit amounts would take effect for the 2025 tax year."
https://www.idahostatesman.com/news/politics-government/state-politics/article299237159.html #
Idaho grocery tax change could mean hundreds more in annual refunds. See the proposal
The bill from Republicans would increase the annual grocery tax credit.
01/27/2025
"The CPI calculation typically results in a higher percentage, 2-2.4% per year which would increase the maximum ceiling to which a municipality could increase taxes. The result would allow property taxes to be increased by a potential 5% to 6% depending on the CPI increase."
House Bill 1334 would allow municipalities to increase property taxes significantly
House Bill 1334 (HB 1334), introduced by Representative Pollet (D), would increase the amount a municipality could raise property taxes by changing the inflation calculation and adding up to an additional 3% based on population.
01/27/2025
"The House Bill, known as the “Build Up Mississippi Act,” calls for a $1.1B tax cut, where the income tax is fully phased out over 10 years. The legislation cuts the income tax bracket from 4% to 3% in 2027, a year after the current income tax cut from 2022."
Mississippi Senate methodically considering tax reform legislation
“I think people can have similar goals but have different paths to get there,” Senate Finance Committee Chairman Josh Harkins said Thursday.
01/24/2025
If approved, the rate would drop from 5.695% to 5.3% for anyone earning more than $4,674 as a single filer. All told, the package is estimated to cost $253 million."
Another round of income tax cuts could be coming to Idahoans next year
House Speaker Mike Moyle (R-Star) is making good on his promise to cut taxes beyond the governor’s proposed $100 million during his state of the state address earlier this month.
01/24/2025
Conservative-led policies continue to make states among the country's most competitive for business investment.
01/24/2025
"As some Maryland residents face the prospect of increased taxes, a study by the Tax Foundation found Maryland is already one of the least competitive tax states in the nation."
Maryland's tax burden ranks among nation's highest, study finds
ANNAPOLIS, Md. — As some Maryland residents face the prospect of increased taxes, a study by the Tax Foundation finds Maryland is already one of the least comp
01/23/2025
"More than half of all state legislatures enacted income tax cuts over the past several years and it’s clear from the first weeks of January that this trend will continue in 2025."
Income Tax Cuts Advancing In Numerous State Capitals
More than half the state legislatures enacted income tax cuts over the past several years and it's clear this trend will continue in 2025.
01/22/2025
As some Maryland residents face the prospect of increased taxes, a study by the Tax Foundation found Maryland is already one of the least competitive tax states in the nation."
Maryland's tax burden ranks among nation's highest, study finds
ANNAPOLIS, Md. — As some Maryland residents face the prospect of increased taxes, a study by the Tax Foundation finds Maryland is already one of the least comp