The April issue looks at the growing role of social media in the legislature, rainy day funds, policy changes for life insurance and much more.
NCSL grabbed headlines in September by noting that for the first time in a decade, states reported that they cut taxes more than they increased them. But what looked like a cut on many ledgers were actually temporary tax increases that were allowed to expire in several different tax categories.
The National Conference of State Legislatures has released its full version of the 2011 “State Tax Actions” report. The new report provides details on the changes in tax policy that took place during 2011 legislative sessions that will affect revenue collections in FY 2012.
The “State Tax Actions” shows sales taxes experienced the largest cuts, at what was projected to be more than $5.2 billion. This is primarily because temporary sales tax increases in California and North Carolina expired. States also cut corporate income taxes and miscellaneous taxes. Many of these reductions also were the result of allowing temporary tax increases to expire. In 2011, states cut nearly $2 billion in taxes.
NCSL’s “State Tax Actions” report includes extensive information on:
This NCSL report continues NCSL's long tradition of providing accurate, comprehensive and nonpartisan data on state finances.
Credentialed members of the media may request a free full copy of NCSL's “State Tax Actions” report on our website.
NCSL is a bipartisan organization that serves the legislators and staffs of the states, commonwealths and territories. It provides research, technical assistance and opportunities for policymakers to exchange ideas on the most pressing state issues and is an effective and respected advocate for the interests of the states in the American federal system.
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