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The limit on the SALT deduction caused an estimated 10.88 million individual taxpayers to lose $323.1 billion in tax deductions for the 2018 tax year, the Treasury Inspector General for Tax Administration reported in February.
June 12 -
The General Assembly is sending a Constitutional amendment to voters for the measure that would raise $3 billion annually.
June 3 -
Gov. Ned Lamont and Connecticut lawmakers are studying a proposal to essentially exchange much of the state’s income tax for a payroll tax.
May 30 -
Illinois lawmakers gave first-year Gov. J.B. Pritzker a victory on a cornerstone of his fiscal plan for the troubled state.
May 28 -
The measure, backed by Gov. J.B. Pritzker, cleared the House Revenue and Finance Committee on a party-line vote.
May 21 -
The 10 most populous U.S. states that levy income taxes all saw April revenue spikes, in many cases after missing projections in the previous months.
May 21 -
Dallas-Fort Worth International Airport expects to save money with the refunding deal as it advances plans for a new terminal and refurbished runways.
May 14 -
Gov. J.B. Pritzker's about-face on re-amortizing to reduce next year's pension contribution is one less negative rating factor, agency analysts said.
May 9 -
The Treasury and Internal Revenue Service sent the final regulation to the White House Office of Management and Budget over six weeks ago.
May 7 -
The New Jersey governor is using an unexpected tax collection surge to boost his push to hike income tax rates for the highest earners.
May 7