Tax Policy Center

state tax revenues

: TaxVox
May state sales tax receipts shrank by nearly $6 billion, or 21 percent, compared to May 2019, according to data compiled by the Tax Policy...
July 14, 2020Lucy Dadayan
State and Local Issues: TaxVox
Revised forecast data from 27 states suggest tax revenues are expected to fall $34 billion short of pre-COVID-19 forecasts in fiscal year 2020.
July 1, 2020Lucy Dadayan
State and Local Issues: TaxVox
States and localities across the country are facing an unprecedented fiscal situation from the economic shock of the COVID-19 pandemic. Governors are confronting drastically falling...
June 1, 2020Lucy Dadayan
State and Local Issues: TaxVox
In fiscal year 2020, Georgia will spend nearly $500 million in film and television tax credits in return for the promise of new jobs and...
January 24, 2020Aravind BoddupalliFrank SammartinoEric Toder
State and Local Issues: TaxVox
States closed their fiscal 2018 books at the end of June on a positive note. But they shouldn’t bank on the good times lasting forever...
December 18, 2018Lucy Dadayan
State and Local Issues: TaxVox
If legalized this fall, taxing recreational marijuana in Michigan can produce a fairly large pot of money. The state's new governor, also to be chosen this fall , could modify the current marijuana tax plan. What should he or she consider?
August 1, 2018Renu Zaretsky
: TaxVox
Taxes are front and center in the only two gubernatorial races this year. The Virginia campaign centers on the Republican candidate’s individual income tax cut...
October 26, 2017Richard C. Auxier
: TaxVox
Congress is in recess through the mid-term elections. Read the Daily Deduction each Monday until then. “ California, here I come !” It’s official: Democratic Governor Jerry Brown signed into law a $330 million annual incentive program for film and television production. Feature films with budgets
September 22, 2014Renu Zaretsky
: TaxVox
Income inequality may shrink state tax revenues. A new report from Standard & Poor’s tells the tale. Incomes have grown rapidly among the wealthy, but have barely kept pace with inflation for many others. But high income earners both shelter their income from taxes and save more, reducing state
September 16, 2014Renu Zaretsky
State and Local Issues: TaxVox
Wyoming residents no longer have to cross the border to purchase Powerball tickets. On Aug. 24, Wyoming became the 44th state to legalize a lottery. Proponents laud these games as an easy source of funds for schools and other public services. However, lotteries are often a bad bet: Revenues are
September 9, 2014Richard C. Auxier