Taxes

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.

Property Taxes Sink Farmland Owners

As farmland continues to increase in value, even amid declining farm prices and weather woes, farmers see their tax bills rise.

Lawmaker Sees State Rainy Day Fund as Lifeline For Localities Battling Big-Box Stores Over Taxes

The Indiana legislation could assist local governments dealing with “dark-store theory” property tax appeals.

Tax Incentives Fail to Spur Broad Economic Growth, Study Finds

Researchers analyzed state and local governments tax incentive spending, finding little evidence that the deals spurred job growth outside the specific industry implicated.

Cities and States Look to Tap More Tax Revenue From Expensive Real Estate Sales

“It basically allows for luxury housing to pay for affordable housing,” said a Boston city council member describing a "transfer" tax proposal there.

With Healthy Budgets, Dozens of States Give Raises to Their Workers

The number of states bumping up pay for their employees has hit a high not seen since prior to the Great Recession.

In Two Blue States, Voters Back Democrats, But Show a Wariness Toward Taxes

In Colorado and Washington, residents this fall voted to either constrain state tax revenues or cut fees, even as Democratic lawmakers argue the money is needed to support education and transportation programs.

Opportunity Zones Investors Show Appetite for Real Estate Over Startups

Nearly three quarters of $4.5 billion that has poured into the program is in investment funds that plan to focus at least in part on residential real estate.

Chemical Companies Are Building Their Plants Overseas and Shipping Them Back In. They Still Get State Tax Breaks.

Louisiana attracts chemical companies with one of the country’s most generous tax exemptions. The idea is to bring jobs to the state. Instead, construction often happens offsite, and automation has cut down on the jobs that remain.

Record Cyber Monday Boosts State Tax Revenue

Cyber Monday sales this year were up nearly 20% compared to last year.

Taxing Online Sales Won’t Save Cities From the Retail Apocalypse

The Supreme Court’s year-old Wayfair decision allows most U.S. states to collect sales tax from online shopping. Can cities expect a revenue bump?

With Overall State Spending Up, Transportation Sees Notable Gains

At least 18 states raised spending on transportation programs by 10% or more in fiscal 2019, based on estimates in a new report.