Menu

State and Local Tax Collections Archive

2023 State Tax Trends: State Income Tax Relief

TweetShareSharePin0 Shares Forty-three states adopted tax relief in 2021 or 2022—often in both years—and of those, 21 cut state income tax rates. It’s been a remarkable trend, driven by robust state revenues and an increasingly competitive tax environment. But many observers doubted the trend could, or should, continue into 2023. It can. It should. It

State and Local Tax Revenue by State

TweetShareSharePin0 Shares Key Findings Property taxes are the primary source of tax collections at the local level, responsible for 72.2 percent of local tax revenue in fiscal year 2020 (the most recent year for which data are available). Once a significant driver of state budgets as well, their share of state collections has dropped to

You cannot copy content of this page

Social Media Auto Publish Powered By : XYZScripts.com