Republicans Mull Expanding State, Local Deduction in Tax Legislation

GOP leaders in the House and Senate have voiced an openness to including a limited deduction for state and local income taxes as they move toward finalizing their tax code rewrite.

2 Key Ways Federal Tax Reform Would Affect States

Changes would probably have varying impacts across states and could have considerable effects on state revenue.

Senate Approves Tax Bill With Limited State and Local Deduction

The legislation passed 51-49, without Democratic support. One credit rating agency described the bill as "negative overall for state and local government finances."

Proposals With State and Local Implications in Limbo Amid Turbulent Senate Tax Debate

The state and local tax deduction remains a marquee item. But there are also notable amendments filed involving tax credits, marijuana and municipal bonds.

Collins Files SALT Amendment, as Senate Votes to Debate Tax Bill

Sen. Susan Collins is proposing to change state and local tax deduction provisions in the bill to mirror House legislation.

Why Cutting Historic Preservation Tax Credits Won't Be Easy

Preservation advocates, small town mayors, commercial developers and builders argue the credits more than cover their costs by generating jobs and tax revenue.

As States Face Sluggish Revenue Growth, They’re Threatened by Federal Policies

New Jersey’s former budget director and comptroller digs into expenditure data from a recently released report from the National Association of State Budget Officers and has six key observations.

Trump Tells Senators He Backs Capped SALT Deduction in Tax Bill

GOP tax legislation in the Senate could get a floor vote before the end of the week.

The Republican Tax Bill Might Need an Escape Hatch to Pass

Ahead of a key vote this week, senators from states where tax cuts busted the budget want the plan to include a “backstop” in case the party’s rosy revenue predictions don’t come true.

States Hope Supreme Court Sports Betting Case Will Lead to Revenue Windfall

The high court might end a “failed statutory regime” that Nevada currently enjoys.

Fresno Officials Offer Amazon an Unusual Set of Keys to the City

As Chicago dangles $1.32 billion in personal income tax diversions in hopes to land the HQ2, a bid from California's fifth-largest city promises something very different.

GOP Tax Overhaul Could Hit State and Local Pension Plans With Federal Tax

“It's a huge burden,” the executive director of the National Conference on Public Employee Retirement Systems said as he discussed the tax proposal.

Comparing Cities in Terms of the Financial Health of Their Residents

A new data dashboard features metrics like median credit scores, and delinquent debt levels for residents in 60 U.S. cities.

Maryland Congressman: It’s a Mistake Not to Pair Infrastructure With Tax Overhaul

Meanwhile, discussions continue in the infrastructure community about the promise and limitations of public-private partnerships.

A Major Step Forward for the Republican Tax Bill

The House on Thursday approved its legislation in a surprisingly drama-free vote. But hurdles await in the Senate.

Local Governments Scramble to Assess Impacts of Tax Proposals

Whether representing a booming urban center, a ritzy suburb, a steel town struggling for growth, or an overtaxed collar county of Chicago, local officials are concerned about the GOP tax plan.

Latest Senate Tax Plan Would Tweak Low-Income Housing Credit Program

Affordable housing advocates endorsed the changes. But they also continued to voice worries about the fate of private activity bonds.

New Poll: Americans Think CHIP Authorization Is More Pressing Than Tax Reform

Americans think Trump and Congress should tackle the opioid epidemic, hurricane relief and immigration reform, but the majority of the public does not think a tax overhaul should be a top priority.

Another Affront to Local Governments in the Republican Tax Proposals

Tax credits for historic buildings and low-income communities have served as important economic development tools in some places. But will they survive a tax overhaul?