State and local taxes

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State and Local Issues

Congress Can Help State and Local Governments Prepare for a Rainy Day Without Repealing the SALT Cap

January 14, 2021 –
With Joe Biden in the White House and narrow control of the Congress, Democrats are likely to try to restore the full state and local...
State and Local Issues

Improving State Tax Collections Don’t Let Congress Off the Hook on COVID-19 Relief

November 19, 2020 –
As the lame duck Congress considers further stimulus for an economy that is rebounding but still deeply troubled , Senate Majority Leader Mitch McConnell (R-KY)...
State and Local Issues

Why Do States Tax Illegal Drugs?

November 18, 2020 –
Say you came into possession of some illegal drugs. What’s your next move? According to some states, you should immediately pay the state’s tax on...

State Ballot Initiative Results: Tax Cuts for Some, Tax Hikes for Others, and Marijuana Taxes For All

November 16, 2020 –
In addition to that other election you might have followed last week, Americans voted on a whole bunch of state tax measures . And while...
State and Local Issues

Four Decades After Proposition 13’s Tax Revolt, Will California (Split) Roll It Back with Proposition 15?

October 26, 2020 –
On the California ballot this year is an initiative that could partially unravel what is possibly one of the most consequential ballot initiatives.

Will COVID-19 Cause A Decline In Property Taxes?

June 30, 2020 –
The COVID-19 pandemic is driving a sharp decline in state and local income and sales tax revenues . But history suggests that one key local...
Federal Budget and Economy

TPC Updates Its Online Briefing Book

June 11, 2020 –
To follow significant fiscal changes, such as those being driven by the legislative responses to the COVID-19 pandemic, it helps to have a background in...
State and Local Issues

Balancing School Budgets And Tax Hikes In The Middle Of A Pandemic

June 3, 2020 –
After nearly three months under a stay-at-home order, my daughter may have had it with my house rules. She sent me a TikTok video of...
State and Local Issues

COVID-19 And Government Actions Caused State Tax Revenues To Plunge In April

June 1, 2020 –
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...
State and Local Issues

TPC Analyzes Five Ways To Replace The SALT Deduction Cap

May 14, 2020 –
The $10,000 annual limit on the state and local tax (SALT) deduction was one of the most contentious provisions of the 2017 Tax Cuts and...