State Tax Actions: 2015

4/5/2016

Cover of State Tax Actions 2015 ReportIntroduction

State tax actions in 2015 were all over the board. Unlike the past three years when lawmakers embraced major tax reduction packages, this year saw net increases in most categories. However, the reductions in personal and corporate income taxes were big enough to offset all other categories for a slight net tax cut across the reporting states. Illinois and Pennsylvania had not enacted budgets at press time. This report includes tax actions taken during regular and special legislative sessions in 2015, as well as actions approved by voters.