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State tax actions 2012

State Tax Actions 2012

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State Tax Actions 2012Introduction

Only six states reported sizeable net tax changes in 2012, making it a relatively quiet year for state taxes. The combined activity in all 50 states resulted in a net tax increase of 0.5 percent. However, the aggregate figures are skewed by California, where voters approved a large tax increase. With California out of the mix, states reported a slight net tax cut. This report includes tax actions taken during regular and special legislative sessions in 2012, as well as actions approved by voters, mostly affecting FY 2013 tax collections. Fifty states and the District of Columbia provided information, which was obtained through the National Association of Legislative Fiscal Offices.

 

 

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