Taxes

‘One-Third of Our Income Is Gone’: A Rural State Faces a Big Budget Gap

Fallout from the coronavirus pandemic and downturns with oil, gas and coal have left Wyoming in a tough financial spot, with deep agency cuts and layoffs on the horizon.

Budget Stress Presents Added Obstacle for School Reopening

School districts face extra costs to safely bring back students after shutting down due to the coronavirus. At the same time, the outbreak is pressuring state and local government budgets.

Support to Restore Nixed Municipal Refinancing Tool Grows in Congress

The 2017 federal tax overhaul eliminated tax-exempt advance refunding, but the coronavirus crisis has lawmakers looking at the possibility of bringing it back.

Black Homeowners Pay More Than ‘Fair Share’ in Property Taxes

Many tax assessors still routinely saddle Black and minority residents with property tax bills that are too high given the value of their homes.

Black Businesses Largely Miss Out on Opportunity Zone Money

Minority investors often lack relationships with banks.

Two Years After the Wayfair Decision, State Governments Still Lag on Modernizing Technology Infrastructure to Collect Online Sales Tax Revenue

COMMENTARY | Two years have passed since the landmark Supreme Court decision and the Covid-19 pandemic has put more emphasis on online sales tax revenue than ever before. As states grapple with budget shortfalls, leaders will need to carefully consider how technology is used to ensure that no tax revenue goes unaccounted for.

San Francisco Voters to Decide on Taxing Companies With Outsized Executive Pay

Local elected leaders are sending the tax plan to the ballot, citing concerns about equity and the large hole that the coronavirus has blown in the city's budget.

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.