|
Jurisdiction
|
Description
|
Tax Category
|
Effective Date
|
FY 2021
|
FY 2022
|
|
Alabama
|
Increased the privilege assessment on nursing facilities.
|
Health Care
|
9/1/2020
|
$112.1
|
unknown
|
| |
Tax Revenue=
|
|
|
$112.1
|
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
|
| |
Revenue Total=
|
|
|
$112.1
|
|
|
Alaska
|
Automatically conformed to net operating loss provisions included in the federal CARES Act.
|
Corporate Income
|
3/27/2020
|
-$100.0
|
-$100.0
|
| |
Tax Revenue=
|
|
|
-$100.0
|
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
|
| |
Revenue Total=
|
|
|
-$100.0
|
|
|
Arizona
|
Approved ballot measure Proposition 208 established a 3.5% income tax surcharge for single taxpayers on taxable income over $250,000. ($500,000 for joint filers.)*
|
Personal Income
|
1/1/2021
|
827.0
|
|
| |
Tax Revenue=
|
|
|
$827.0
|
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
|
| |
Revenue Total=
|
|
|
$827.0
|
|
|
Arkansas
|
No significant tax changes. Filing deadline pushed into FY 2021.
|
|
|
|
|
| |
Tax Revenue=
|
|
|
$0.0
|
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
|
| |
Revenue Total=
|
|
|
$0.0
|
|
|
California
|
Suspended net operating loss deductions for taxpayers with net income above $1 million.
|
Corporate Income
|
1/1/2020
|
$1,820.0
|
$1,300.0
|
| |
Limited the use of most business tax credits to a total of $5 million per year.
|
Corporate Income
|
1/1/2020
|
$2,000.0
|
$1,540.0
|
| |
Interaction between the limitation on net operating loss deductions and tax credits will result in an additional revenue increase.
|
Corporate Income
|
1/1/2020
|
$611.0
|
$454.0
|
| |
Established first-year exemption from minimum tax for LLCs and partnerships.
|
Corporate Income
|
1/1/2021
|
-$50.0
|
-$100.0
|
| |
Required used car dealers to remit sales tax along with vehicle registration fees.
|
Sales and Use
|
1/1/2020
|
$12.0
|
$24.0
|
| |
Extended the sales tax exemption for diapers and menstrual products.
|
Sales and Use
|
1/1/2022
|
$0.0
|
-$23.0
|
| |
Expanded eligibility for state EITC to filers with an Individual Tax Identification Number (ITIN).
|
Personal Income
|
1/1/2020
|
-$65.0
|
-$65.0
|
| |
Reauthorize and modify managed care organization (MCO) enrollment tax.
|
Health Care
|
1/1/2020
|
$394.0
|
$729.0
|
| |
Tax Revenue=
|
|
|
$4,722.0
|
$3,859.0
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
$4,722.0
|
$3,859.0
|
|
Colorado
|
Decoupled from business relief provisions in the federal CARES Act, including deductions for NOLs, excess business losses, and business interest income.
|
Corporate Income
|
tax year 2020
|
$79.8
|
$23.1
|
| |
Reversed federal 199A deduction for some high-income taxpayers.
|
Personal Income
|
tax year 2021
|
$19.5
|
$43.2
|
| |
Extended and expanded the state earned income tax credit
|
Personal Income
|
tax year 2021
|
-$5.2
|
-$34.2
|
| |
Narrowed the state sales and use tax exemption for long-term lodging, allowing the exemption for long-term stays by natural persons only.
|
Sales and Use
|
1/1/2021
|
$3.7
|
$7.4
|
|
|
Reduced the state income tax rate from 4.63% to 4.55%*
|
Personal Income
|
1/1/2020
|
-203.0
|
-154.0
|
|
|
Increased state taxes on cigarettes and other tobacco products and created a tax on nicotine products.*
|
Tobacco
|
1/1/2021
|
87.4
|
117.1
|
| |
Tax Revenue=
|
|
|
$97.8
|
$39.5
|
| |
Increased civil penalties for air and water quality violations.
|
Fee
|
1/1/2021
|
$0.5
|
$1.5
|
| |
Imposed a fee assessed per truckload of fuel products to fund PFAS and transportation hazmat management
|
Fee
|
9/1/2020
|
$6.3
|
$7.5
|
| |
911 Emergency Telephone Surcharge
|
Fee
|
1/1/2021
|
$3.3
|
$6.6
|
| |
Fee per ton of air pollutants
|
Fee
|
1/1/2021
|
$1.6
|
$3.4
|
| |
Limitation on debt collection actions through 11/1/20
|
Fee
|
7/1/2020
|
-$1.7
|
$0.0
|
| |
Non-Tax Revenue=
|
|
|
$10.0
|
$19.0
|
| |
Revenue Total=
|
|
|
$107.8
|
$58.5
|
|
Connecticut
|
Temporary Restrictions on the Property Tax Credit expired.
|
Personal Income
|
12/31/2020
|
$0.0
|
-$53.0
|
| |
Exempted certain pension and annuity income.
|
Personal Income
|
1/1/2019
|
-$16.5
|
-$16.4
|
| |
Increased teachers' pension exemption from 25% to 50%.
|
Personal Income
|
1/1/2021
|
$0.0
|
-$8.0
|
| |
Eliminated the Capital Stock Tax method (phased out).
|
Corporate Income
|
1/1/2021
|
-$5.7
|
-$9.5
|
| |
Sunset the (now) 10% surcharge, which was established in 2012, at 20%.
|
Corporate Income
|
12/31/2020
|
-$22.5
|
-$15.0
|
| |
Phased reduction or elimination of the state Admissions & Dues tax for various venues.
|
Miscellaneous
|
7/1/2019
|
-$0.8
|
$0.0
|
| |
10-cents surcharge on plastic bags expires as plastic bags are banned effective July 1, 2021.
|
Miscellaneous
|
6/30/2021
|
$0.0
|
-$7.0
|
| |
Adopted Federal Exemption Level for Inheritance and Estate Tax (phased in).
|
Miscellaneous
|
1/1/2018
|
-$28.3
|
-$13.2
|
| |
Tax Revenue=
|
|
|
-$73.8
|
-$122.1
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
-$73.8
|
-$244.2
|
|
Delaware
|
No significant tax changes
|
|
|
|
|
| |
Tax Revenue=
|
|
|
$0.0
|
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
|
| |
Revenue Total=
|
|
|
$0.0
|
|
|
District of Columbia
|
Repealed a number of provisions of the District’s tax incentives for Qualified High-Technology Companies.
|
Corporate Income
|
10/1/2020
|
$27.5
|
$34.9
|
| |
Delayed implementation of combined reporting laws that would allow publicly traded companies a future deduction if the implementation of combined reporting resulted in an increase in a combined group’s net deferred tax liability.
|
Corporate Income
|
1/1/2021
|
$7.4
|
$7.4
|
| |
Taxable income includes gains from a sale or other disposition of assets, even if such sale results in the termination of an unincorporated business.
|
Corporate Income
|
1/1/2021
|
$1.1
|
$3.3
|
| |
Establishes a new local transportation surcharge on motor vehicle fuels of $0.053 in FY21 and $0.103 in FY22, to be increased by CPI annually and dedicates the revenue to local transportation projects. The base motor vehicle fuel tax rate will remain at $.235 and revenue from that tax will continue to be dedicated to the local Highway Trust Fund.
|
Motor Fuel
|
10/1/2020
|
$5.6
|
$11.9
|
| |
Decoupled the federal capital gains tax deferral for Qualified Opportunity Fund investments that are not located in the District or are not expected to meet certain criteria.
|
Personal Income
|
10/1/2020
|
$2.0
|
$6.2
|
| |
Authorized bars and restaurants to offer electronic games of skill and taxed gross machine revenue at 10%.
|
Miscellaneous
|
10/1/2020
|
$1.2
|
$3.3
|
| |
Reduced the amount of assets that can be excluded from District taxes when transferred from a deceased person’s estate from $5.682 million to $4 million.
|
Miscellaneous
|
1/1/2021
|
$1.8
|
$2.4
|
| |
Tax Revenue=
|
|
|
$46.6
|
$69.4
|
| |
Increased fee that private waste haulers are charged to dump their solid waste loads at District-operated waste transfer stations.
|
|
10/1/2020
|
$1.2
|
$1.2
|
| |
Authorized the Department of Consumer and Regulatory Affairs (DCRA) to require all third-party inspections to be arranged through an exclusive DCRA online platform and authorized the agency to charge a fee for using the platform.
|
|
1/1/2021
|
$1.1
|
$1.7
|
| |
Non-Tax Revenue=
|
|
|
$2.3
|
$2.9
|
| |
Revenue Total=
|
|
|
$48.9
|
$72.3
|
|
Florida
|
Back-to-School Sales Tax Holiday
|
Sales and Use
|
4/8/2020
|
-$41.8
|
|
| |
Disaster Preparedness Sales Tax Holiday
|
Sales and Use
|
4/8/2020
|
-$5.6
|
|
| |
Tax Revenue=
|
|
|
-$47.4
|
|
| |
Reduction/elimination of occupational license fees.
|
Fee
|
7/1/2020
|
-$1.5
|
|
| |
Non-Tax Revenue=
|
|
|
-$1.5
|
|
| |
Revenue Total=
|
|
|
-$48.9
|
|
|
Georgia
|
Exempted transportation services from sales tax.
|
Sales and Use
|
8/5/2020
|
-$25.0
|
-$30.0
|
| |
Enacted Marketplace Facilitator sales tax collection requirements.
|
Sales and Use
|
4/1/2020
|
$78.0
|
$81.0
|
| |
Implemented a tax on vaping.
|
Tobacco
|
1/1/2021
|
$3.0
|
$7.0
|
| |
PPE Manufacturer Tax Credit
|
Corporate Income
|
6/30/2020
|
-$7.0
|
-$7.0
|
|
|
IRC Update
|
Personal and Corporate Income
|
6/30/2020
|
-$199.0
|
-$1.0
|
| |
Tax Revenue=
|
|
|
-$150.0
|
$50.0
|
| |
Implemented a transportation services fee.
|
|
8/5/2020
|
$35.0
|
$36.0
|
| |
Non-Tax Revenue=
|
|
|
$35.0
|
$36.0
|
| |
Revenue Total=
|
|
|
-$115.0
|
$86.0
|
|
Hawaii
|
No survey received. Conformity measure was enacted. (SB 2920)
|
|
|
|
|
|
Idaho
|
Federal Tax Conformity
|
Personal Income
|
1/1/2019
|
-$6.6
|
-$4.3
|
| |
Adopted First Time Homebuyers Tax Credit
|
Personal Income
|
1/1/2020
|
-$1.9
|
-$1.9
|
| |
Tax Revenue=
|
|
|
-$8.5
|
-$6.2
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
-$8.5
|
-$6.2
|
|
Illinois
|
No significant tax changes
|
|
|
|
|
| |
Tax Revenue=
|
|
|
|
|
| |
Non-Tax Revenue=
|
|
|
|
|
| |
Revenue Total=
|
|
|
|
|
|
Indiana
|
Reduced the corporate income tax rate as part of a multi-year phased-in reduction enacted in 2014. The rate was lowered from 6.5% in FY 2016 to 4.9% in FY 2022.
|
Corporate Income
|
7/1/2020
|
-$195.7
|
-$216.6
|
| |
Reduced the Financial Institution Tax as part of a multi-year phased-in reduction enacted in 2014. The FIT rate was lowered from 6.5% in CY 2018 to 4.9% in CY 2023 and thereafter.
|
Miscellaneous
|
1/1/2020
|
-$31.5
|
-$38.3
|
| |
Modified SUTA (State Unemployment Tax Act) taxes. The legislation freezes the rate schedule at the 2020 rate for calendar years 2021-2025. After 2025, the rate schedule will adjust according to the fund ratio. Under the prior law the rate schedule, frozen at schedule E from 2011 through 2020, would vary beginning in 2021 depending on the fund ratio of the unemployment trust fund. The fund ratio is equal to the balance in the Unemployment Insurance Trust Fund divided by covered payroll. The bill intended to prevent a shift to a lower rate schedule. The reduced tax shift was anticipated to occur given the continued low unemployment levels leading up to the beginning of 2020. This would have reduced tax revenue into the unemployment trust fund over time. Given the sudden high unemployment rates related to the COVID-19 pandemic, the law change now may prevent a shift to a rate schedule with higher tax rates due to a reduced fund ratio.
|
Miscellaneous
|
1/1/2021
|
indeterminable
|
indeterminable
|
| |
Tax Revenue=
|
|
|
-$227.2
|
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
|
| |
Revenue Total=
|
|
|
-$227.2
|
|
|
Iowa
|
Net operating loss change.
|
Personal Income
|
Tax Year 2020
|
-$1.0
|
-$1.0
|
| |
Business Interest and GILTI
|
Corporate Income
|
Tax Year 2019
|
-$20.0
|
-$9.2
|
| |
Broadband Grants
|
Corporate Income
|
Tax Year 2019
|
-$2.3
|
-$1.5
|
| |
Paycheck Protection Program
|
Corporate Income
|
Tax Year 2019
|
-$5.8
|
$0.0
|
| |
Entity-level income tax adopted
|
Corporate Income
|
Tax Year 2020
|
-$4.2
|
-$4.2
|
| |
Small business relief grants
|
Corporate Income
|
3/23/2020
|
-$1.3
|
$0.0
|
| |
Use tax exemption for personal protection equipment
|
Sales and Use
|
1/1/2020
|
-$1.8
|
$0.0
|
| |
Adjusted the fuel tax schedule for biofuel percentage
|
Motor Fuel
|
7/1/2020
|
-$15.3
|
-$16.5
|
| |
Tax Revenue=
|
|
|
-$51.7
|
-$32.4
|
| |
Criminal fines and court surcharges
|
Fee
|
7/1/2020
|
$8.4
|
$8.4
|
| |
Non-Tax Revenue=
|
|
|
$8.4
|
$8.4
|
| |
Revenue Total=
|
|
|
-$43.3
|
-$24.0
|
|
Kansas
|
No significant tax and non-tax revenue changes.
|
|
|
|
|
| |
Tax Revenue=
|
|
|
$0.0
|
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
|
| |
Revenue Total=
|
|
|
$0.0
|
|
|
Kentucky
|
Imposed a tax on vaping products. The tax rate is 15% of the actual price at the distributor level on open vaping systems and $1.50 on each closed vapor cartridge.
|
Tobacco
|
8/1/2020
|
$7.9
|
$15.9
|
| |
Extended the sales and use tax to golf courses.
|
Sales and Use
|
8/1/2020
|
$1.9
|
$2.2
|
| |
Expanded the availability of the New and Expanded Industry exemption.
|
Sales and Use
|
8/1/2020
|
-$2.0
|
-$2.0
|
| |
Coal Severance Tax refund for coal exported outside US.
|
Miscellaneous
|
8/1/2020
|
-$1.3
|
-$1.3
|
| |
Tax Revenue=
|
|
|
$6.5
|
$14.8
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
$6.5
|
$14.8
|
|
Louisiana
|
Suspended the bottom tier of tax for firms with up to $1 million of taxable capital.
|
Corporate Income
|
|
-$7.0
|
-$0.4
|
| |
Extended the Enterprise Zone Program from July 1, 2021 to July 1, 2026.
|
Corporate Income
|
|
$0.0
|
-$5.0
|
| |
Increases the vendor compensation rate for dealers remitting on a timely basis to 1.05% from 0.935% of sales taxes collected. Retains the monthly maximum compensation of $1,500.
|
Sales and Use
|
8/1/2020
|
-$1.9
|
-$2.0
|
| |
Exempted $5 million of promotional play wagers from state gaming taxes per gambling property (riverboat, racetrack slot facilities and land-based casinos)
|
Miscellaneous
|
|
-$11.2
|
-$16.3
|
| |
Tax Revenue=
|
|
|
-$20.1
|
-$23.7
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
-$20.1
|
-$23.7
|
|
Maine
|
No survey received.
|
|
|
|
|
| |
Tax Revenue=
|
|
|
|
|
| |
Non-Tax Revenue=
|
|
|
|
|
| |
Revenue Total=
|
|
|
|
|
|
Maryland
|
Established a subtraction modification for gains recognized as a result of the direct or indirect transfer or conveyance of specified racing facilities and a training center and the amount of income recognized as a result of any expenditure of specified governmental funds.
|
Corporate Income
|
6/1/2020
|
indeterminable
|
indeterminable
|
| |
Exempted from sales and use tax specified construction materials for use in the construction or redevelopment of certain racing facility sites. Purchases must be made by Jan. 1, 2026, to be eligible for the exemption.
|
Sales and Use
|
6/1/2020
|
$1.8
|
$1.8
|
| |
Exempted from sales and use tax qualified data center personal property purchased or leased for use at qualified data centers that meet certain eligibility requirements.
|
Sales and Use
|
7/1/2020
|
indeterminable
|
indeterminable
|
| |
Exempted from sales and use tax custom-made earmolds, battery chargers, and receivers for artificial hearing devices.
|
Sales and Use
|
7/1/2020
|
indeterminable
|
indeterminable
|
| |
Exempted from sales and use tax a sale of construction material or warehousing equipment purchased by a person solely for use in a qualified opportunity zone or a target redevelopment area in certain counties.
|
Sales and Use
|
7/1/2020
|
indeterminable
|
indeterminable
|
| |
Tax Revenue=
|
|
|
$1.8
|
$1.8
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
$1.8
|
$1.8
|
|
Massachusetts
|
Delayed the charitable deduction for fiscal year 2021 cycle. The deduction was set to take effect for fiscal year 2021 but implementation was postponed.
|
Personal Income
|
7/1/2020
|
$64.0
|
|
| |
Tax Revenue=
|
|
|
$64.0
|
|
| |
Accelerated Sales Tax for businesses with $150K or more in state tax liability in prior fiscal year.
|
Sales and Use
|
7/1/2020
|
$267.0
|
|
| |
Non-Tax Revenue=
|
|
|
$331.0
|
|
| |
Revenue Total=
|
|
|
$331.0
|
|
|
Michigan
|
Exempt Sales of Certain Prosthetic Devices
|
Sales and Use
|
3/4/2020
|
-$2.0
|
-$2.1
|
| |
Tax Revenue=
|
|
|
-$2.0
|
-$2.1
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
-$2.0
|
-$2.0
|
|
Minnesota
|
Conformity to Section 1031 and 179 expensing revised.
|
Personal Income
|
|
$63.0
|
|
| |
Conformity to Section 1031 and 179 expensing revised.
|
Corporate Income
|
|
$27.0
|
|
| |
Tax Revenue=
|
|
|
$90.0
|
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
|
| |
Revenue Total=
|
|
|
$90.0
|
|
|
Mississippi
|
Revised the definition of the term "person doing business in this state" under the MS Use Tax law and to define the terms "marketplace facilitator," "marketplace seller" and "remote seller" under the MS Use Tax law. This expanded the number of marketplace sellers/facilitators that are required to collect and remit all applicable use tax.
|
Sales and Use
|
7/1/2020
|
$20-30 million
|
$20-30 million
|
| |
Tax Revenue=
|
|
|
$25.0
|
$25.0
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
$25.0
|
$25.0
|
|
Missouri
|
Exempted the economic impact payments, given out under the CARES Act in April 2020, from adjusted gross income. Under the Missouri FIT deduction, these payments may have been taxable to some citizens. This provision ensures the payments are not taxable. The fiscal note projection estimated this was a loss of up to $36 million. However, this was never revenue expected by the state as it was created in April 2020 by the federal government
|
Personal Income
|
8/28/2020
|
-$36.0
|
0.0
|
|
|
Members of the military are entitled to an income tax deduction from their MO adjusted gross income, starting 1/1/2020, in an amount equal to 20%. This deduction will increase to 40% starting 1/1/2021. The 20% deduction will be claimed in FY 2021. It should be noted that the fiscal note calculations were based on a tax rate of 5.9% and the current rate is 5.4%. Therefore, the estimates are expected to be lower
|
Personal Income
|
1/1/2020
|
-$2.2
|
-$3.7
|
|
|
100% tax deduction for contributions made to Long-Term Dignity Savings Account
|
Personal Income
|
1/1/2020
|
0
|
-$5.4
|
| |
Tax Revenue=
|
|
|
$-38.2
|
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
|
| |
Revenue Total=
|
|
|
$-38.2
|
|
|
Montana
|
Not in session. No significant tax changes.
|
|
|
|
|
| |
Tax Revenue=
|
|
|
$0.0
|
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
|
| |
Revenue Total=
|
|
|
$0.0
|
|
|
Nebraska
|
No significant tax changes.
|
|
|
|
|
| |
Tax Revenue=
|
|
|
$0.0
|
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
|
| |
Revenue Total=
|
|
|
$0.0
|
|
|
Nevada
|
No significant tax changes.
|
|
|
|
|
| |
Tax Revenue=
|
|
|
$0.0
|
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
|
| |
Revenue Total=
|
|
|
$0.0
|
|
|
New Hampshire
|
Adopted market-based apportionment
|
Corporate Income
|
1/1/2021
|
$10.0
|
No estimate
|
| |
Tax conformity, including GILTI
|
Corporate Income
|
1/1/2020
|
$31.2
|
No estimate
|
| |
Enacted a tax on sports betting
|
Miscellaneous
|
7/12/2019
|
$10.0
|
No estimate
|
| |
Tax Revenue=
|
|
|
$51.2
|
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
|
| |
Revenue Total=
|
|
|
$51.2
|
|
|
New Jersey
|
Increased marginal tax rate imposed on gross income between $1 million to $5 million.
|
Personal Income
|
1/1/2020
|
$427.0
|
$450.0
|
| |
Surtax imposed on certain corporate taxpayers.
|
Corporate Income
|
1/1/2020
|
$333.0
|
$342.0
|
| |
Increased annual assessment on HMO net written premiums.
|
Health Care
|
10/1/2020
|
$103.0
|
$137.0
|
| |
Statutory prescribed increase in Petroleum Products Gross Receipts Tax
|
Motor Fuel
|
10/1/2020
|
$351.5
|
No estimate
|
| |
Tax Revenue=
|
|
|
$1,214.5
|
$929.0
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
$1,214.5
|
$929.0
|
|
New Mexico
|
2019 legislation effective in TY21; added new top income bracket starting at $210K for single, $315K MFJ, and $157.5K for MFS.
|
Personal Income
|
1/1/2021
|
$20.0
|
$40.0
|
| |
Created the "solar market development tax credit" - provides a personal income tax credit of 10% of the cost of equipment and installation of residential, business (commercial or industrial), or agricultural solar energy systems. The amount of solar tax credits claimed is not to exceed $8 million per calendar year.
|
Personal Income
|
3/1/2020
|
-$5.0
|
-$5.0
|
| |
Extend and expand the Investment Tax Credit - repeals the $2 million limit on the value of equipment, and changes the employment requirements at the one job per $750 thousand investment up to $30 million and one job per $1 million investment over $30 million. Also increases the rate of credit from 5.125% effectively to the amount of the state GRT rate plus applicable local option GRT rates.
|
Sales and Use
|
7/1/2020
|
-$2.5
|
-$3.0
|
| |
"Create a new ’technology readiness tax credit’ against GRT—applies to the state’s national laboratories’ qualified expenditures—including salaries, wages, benefits, and employer payroll taxes—in assisting businesses to license
|
Sales and Use
|
7/1/2020
|
-$1.5
|
-$1.5
|
| |
Add electric transmission facilities as eligible projects under the Industrial Revenue Bond (IRB) Act and the County Industrial Revenue Bond Act, which would allow local governments to permit the foregoing of property taxes and state and local gross receipts taxes involved with the financing or refinancing of electric transmission facility projects.
|
|
7/1/2020
|
No estimate
|
No Estimate
|
| |
Tax Revenue=
|
|
|
$11.0
|
$30.5
|
|
|
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
|
|
Revenue Total=
|
|
|
$11.0
|
$30.5
|
|
New York
|
Decoupled from increase in federal interest expense deduction (CARES Act).
|
Personal Income
|
Same effected tax years as the CARES Act.
|
$1,600
|
$1,600
|
| |
Extended personal income tax credits for hiring veterans, known as the Hire-A-Vet credit. This is a temporary tax until Fiscal Year 2023. No change in taxpayer liability.
|
Personal Income
|
1/1/2021
|
$0
|
$0
|
| |
Extended corporate income tax credits for hiring veterans, known as the Hire-A-Vet credit. This is a temporary tax until Fiscal Year 2023. No revenue impact.
|
Corporate Income
|
1/1/2021
|
$0
|
$0
|
| |
Capped the Long Term Care Credit at $15,000 annually. Limited to income less than $250,000.
|
Personal Income
|
1/1/2020
|
$0
|
$28
|
| |
Increased tobacco product tax by changing from manufacturer price to tax on wholesaler.
|
Cigarette and Tobacco
|
10/102020
|
$10
|
$23
|
| |
Extended and decreased the film tax credit from 30% to 25% credit. No change in taxpayer liability.
|
Corporate Income
|
4/1/2020
|
$0.0
|
$0.0
|
| |
Extended the Real Estate Transfer Tax rates for REITS for New York State and New York City by three years.
|
Miscellaneous
|
9/1/2020
|
($1)
|
($2)
|
| |
Tax Revenue=
|
|
|
$1,609.0
|
$1,649.0
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
$1,609.0
|
$1,649.0
|
|
North Carolina
|
Conformed to federal change in allowable percent for itemized deduction for medical and dental expenses in TY 2019 and 2020.
|
Personal Income
|
|
-$36.0
|
|
| |
To keep rate from decreasing, the tax rate in 2021 remained the same as 2020, original tax formula re-applied in 2022.
|
Motor Fuel
|
1/1/2021
|
$20.2
|
$33.4
|
| |
Applied the states gross premiums tax to Medicaid capitation payments received by prepaid health plans.
|
Health Care
|
7/1/2021
|
$115.0
|
$247.0
|
| |
Tax Revenue=
|
|
|
$99.2
|
$280.4
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
$99.2
|
$280.4
|
|
North Dakota
|
No significant tax changes. (Legislature did not meet in 2020.)
|
|
|
$0.0
|
|
| |
Tax Revenue=
|
|
|
$0.0
|
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
|
| |
Revenue Total=
|
|
|
$0.0
|
|
|
Ohio
|
Exempted feminine hygiene products from the sales tax
|
Sales and Use
|
4/1/2020
|
-$3.6
|
-$3.6
|
| |
Authorized a credit up to $250 for teachers' purchases of classroom supplies, professional development
|
Personal Income
|
Tax Year 2020
|
-$1.0
|
-$1.0
|
| |
Tax Revenue=
|
|
|
-$4.6
|
-$4.6
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
-$4.6
|
-$4.6
|
|
Oklahoma
|
No survey received.
|
|
|
|
|
| |
Tax Revenue=
|
|
|
|
|
| |
Non-Tax Revenue=
|
|
|
|
|
| |
Revenue Total=
|
|
|
|
|
|
Oregon
|
City property is withdrawn from a special district.
|
Property
|
6/30/2020
|
-$1.7
|
-$1.8
|
|
|
Increased taxes on cigarettes and cigars and established a tax on e-cigarettes.
|
Tobacco
|
|
$111.1
|
|
| |
Tax Revenue=
|
|
|
-$1.7
|
-$1.8
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
-$1.7
|
-$1.8
|
|
Pennsylvania
|
No significant tax actions reported.
|
|
|
|
|
| |
Tax Revenue=
|
|
|
$0.0
|
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
|
| |
Revenue Total=
|
|
|
$0.0
|
|
|
Rhode Island
|
No significant tax actions reported.
|
|
|
|
|
| |
Tax Revenue=
|
|
|
$0.0
|
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
|
| |
Revenue Total=
|
|
|
$0.0
|
|
|
South Carolina
|
The motor fuel tax increased from 24 to 26 cents per gallon as part of a multi-year increase. It will increase another two cents in 2021.
|
Motor Fuel
|
7/1/2020
|
$82.6
|
$84.8
|
| |
Non-refundable tax credit of 35% for angel investors (extension of previously enacted legislation)
|
Personal Income
|
5/6/2020
|
-$5.0
|
-$5.0
|
| |
Non-refundable tax credit for qualified low-income housing projects. (Based on the federal housing tax credit in IRC 42. May also be applied against corporate income, license fees, bank, and insurance premium taxes.)
|
Personal Income
|
5/14/2020
|
$2.1
|
$1.6
|
| |
Tax Revenue=
|
|
|
$79.7
|
$81.4
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
$79.7
|
$81.4
|
|
South Dakota
|
No survey received.
|
|
|
|
|
| |
Tax Revenue=
|
|
|
|
|
| |
Non-Tax Revenue=
|
|
|
|
|
| |
Revenue Total=
|
|
|
|
|
|
Tennessee
|
Required marketplace facilitators with sales over $100K to remit sales and use tax; lowers the threshold for dealers with no presence in the state, from $500K to $100K, regarding such collection.
|
Sales and Use
|
10/1/2020
|
$108.3
|
$144.4
|
| |
One-time expansion of sales tax holiday.
|
Sales and Use
|
7/1/2020
|
-$9.8
|
$0.0
|
| |
Enacted the Annual Coverage Assessment Act of 2020 which established an annual coverage assessment on hospitals of 4.87% of a covered hospital’s annual coverage assessment base.
|
Health Care
|
7/1/2020
|
$602.6
|
$0.0
|
| |
Extended the Ground Ambulance Provider Assessment Act.
|
Health Care
|
7/1/2020
|
$10.7
|
$0.0
|
| |
Extended the Nursing Home Assessment Act.
|
Health Care
|
7/1/2020
|
$134.6
|
$0.0
|
| |
Tax Revenue=
|
|
|
$846.4
|
$144.4
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
$846.4
|
$144.4
|
|
Texas
|
No significant tax actions reported. (Not in session.)
|
|
|
|
|
| |
Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
$0.0
|
$0.0
|
|
Utah
|
Amends an addition to income for corporate income tax purposes
|
Corporate Income
|
1/1/2020
|
-$1.0
|
-$1.0
|
| |
Removes the 80% limitation on a Utah net loss carry forward for the 2018 through 2020 income tax years
|
Corporate Income
|
1/1/2020
|
-$2.8
|
|
| |
Tax Revenue=
|
|
|
-$3.8
|
-$1.0
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
-$3.8
|
-$1.0
|
|
Vermont
|
No significant tax actions reported
|
|
|
|
|
| |
Tax Revenue=
|
|
|
$0.0 |
|
| |
Non-Tax Revenue=
|
|
|
$0.0 |
|
| |
Revenue Total=
|
|
|
$0.0 |
|
|
Virginia
|
Increased cigarette tax from $0.30 to $0.60 per pack.
|
Tobacco
|
7/1/2020
|
$99.1
|
$108.2
|
| |
Doubled the tax on other tobacco products (10% to 20%).
|
Tobacco
|
7/1/2020
|
$20.1
|
$22.6
|
| |
New tax on liquid nicotine at the rate of $0.066 per milliliter.
|
Tobacco
|
7/1/2020
|
$3.9
|
$4.3
|
| |
Monthly tax on distributors of skill games.
|
Miscellaneous
|
7/1/2020
|
$150.0
|
$0.0
|
| |
Lowered the threshold for 1099K reporting to $600.
|
Personal Income
|
1/1/2020
|
$10.3
|
$20.6
|
| |
Increased the motor fuels tax by $0.10 per gallon over two years. The existing gas tax is based on a percentage of the wholesale price of gasoline and diesel fuel is converted to a cents-per-gallon tax. A rate of $0.262 per gallon of gasoline will be phased in over two years, and then indexed every year thereafter
|
Motor Fuel
|
7/1/2020
|
$200.7
|
$400.5
|
| |
Imposed 0.7% regional sales tax for transportation in Planning District 15.
|
Sales and Use
|
10/1/2020
|
$96.3
|
$198.2
|
| |
Imposed regional fuels tax in Planning District 15.
|
Motor Fuel
|
7/1/2020
|
$47.1
|
$51.4
|
| |
Impose a grantor's tax of $0.06 per $100 of value, called the “regional transportation improvement fee,” imposed on real estate sale transactions located in any county or city that is a member of the Hampton Roads Transportation District
|
Miscellaneous
|
7/1/2020
|
$7.4
|
$6.9
|
| |
Impose a 1% additional Transportation District Transient Occupancy Tax (TDTOT) for localities located in the Hampton Roads Transportation District
|
Miscellaneous
|
5/1/2021
|
$0.6
|
$7.4
|
| |
Impose a 1% additional Transportation District Transient Occupancy Tax (TDTOT) for localities located in the Northern Virginia Transportation District
|
Miscellaneous
|
5/1/2021
|
$2.5
|
$15.4
|
| |
Additional grantor’s tax of $0.05 per $100 of value in Planning District 8
|
Miscellaneous
|
5/1/2021
|
$3.0
|
$17.8
|
| |
Tax Revenue=
|
|
|
$641.0
|
$853.3
|
| |
District Court Civil Filing Fees - Increases the fees for services of district court judges, clerks, and magistrates in civil cases by $6
|
Fee
|
7/1/2020
|
$3.9
|
$3.9
|
| |
Reduce annual motor vehicle registration fee by $10
|
Fee
|
7/1/2020
|
-$80.7
|
-$81.4
|
| |
Highway Use Fee on electric vehicles
|
Fee
|
7/1/2020
|
$39.9
|
$49.3
|
| |
Non-Tax Revenue=
|
|
|
-$36.9
|
-$28.2
|
| |
Revenue Total=
|
|
|
$604.1
|
$825.1
|
|
Washington
|
Removed expiration and expanded eligibility for property tax exemption for tribal owned property used for economic development.
|
|
6/11/2020
|
|
|
| |
Expanded and extended property tax exemption for nonprofits providing housing to very low income households.
|
|
7/1/2020
|
|
|
| |
Clarified and expanded SUT exemptions for batteries and battery packs for electric and hybrid vessels and related infrastructure.
|
|
7/1/2020
|
|
|
| |
Authorized the extension in certain cities of the special property valuation of historic properties.
|
|
6/11/2020
|
|
|
| |
Extension of the multi-family property tax exemption for properties currently receiving MFTE set to expire until 12/31/21.
|
|
7/1/2020
|
|
|
| |
Provides SUT for feminine hygiene products.
|
|
1/1/2022
|
|
|
| |
Changes heavy equipment rental from property tax and imposes a rental tax of 1.25%.
|
|
6/11/2020
|
|
|
| |
Extends SUT exemption for large private airplanes owned by nonresidents that are being modified in Washington until 7/1/31.
|
|
6/11/2020
|
|
|
| |
Exempted value of constructing ADU from property taxes for three years
|
|
6/11/2020
|
|
|
| |
Made use tax exemption permanent for receipt of prize valued under $12K from nonprofit or library fundraising activity.
|
|
6/11/2020
|
|
|
| |
Eliminated Workforce Education Investment surcharge that was effective Jan. 1, 2020. Delayed imposition until April 1. Increased service B&O rate on certain business to 1.8%. Increased rate on advanced computing businesses
|
|
2/10/2020
|
|
|
| |
Repealed 0.2904% B&O rate for civil aircraft manufacturing. Provided for 0.357% rate if allowed pursuant to WTO agreement and certain conditions met.
|
|
3/25/2020
|
|
|
| |
Tax Revenue=
|
indeterminate
|
|
|
|
| |
Creates an insurance fraud surcharge (reduces administrative charge commensurately) to fund insurance commissioner fraud program
|
|
7/1/2020
|
|
|
| |
Changes to business licensing fees
|
|
|
|
|
| |
Non-Tax Revenue=
|
|
|
|
|
| |
Revenue Total=
|
Indeterminate
|
|
|
|
|
West Virginia
|
Exempted a portion of Social Security benefits for certain taxpayers.
|
Personal Income
|
1/1/2021
|
-$3.1
|
-$10.1
|
| |
Reduced severance tax on steam coal sold directly to electric power generators—rate reduced over a three-year period.
|
Miscellaneous
|
7/1/2020
|
-$26.0
|
-$39.0
|
| |
Imposed a tiered Health Care Provider Tax on HMO's.
|
Miscellaneous
|
7/1/2020
|
$41.0
|
$3.7
|
| |
Permitted counties to retain property transfer tax (phased in over a 10-year period).
|
Property
|
7/1/2021
|
$0.0
|
-$1.2
|
| |
Tax Revenue=
|
|
|
$11.9
|
-$46.6
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
$11.9
|
-$1.2
|
|
Wisconsin
|
Adopted federal deduction for contributions to HSA, Archer MSA, flexible FSA, and health reimbursement arrangements used for expenses related to menstrual care products.
|
Personal Income
|
1/1/2020
|
-$3.2
|
-$4.2
|
| |
Automatic income tax rate reduction based on estimated increased sales tax revenue from remote sellers and marketplace Providers.
|
Personal Income
|
Tax Year 2020
|
-$119.3
|
-$119.3
|
| |
Adopted the federal subtraction before the calculation of federal AGI for up to $300 of qualified charitable contributions in tax year 2020.
|
Personal Income
|
Tax Year 2020
|
-$4.2
|
$0.0
|
| |
Suspended state penalty for any distribution related to COVID-19 from an eligible retirement plan in 2020.
|
Personal Income
|
1/1/2020
|
-$12.1
|
$2.0
|
| |
CARES Act - Required minimum distribution waived for qualified retirement Plans in 2020.
|
Personal Income
|
1/1/2020
|
-$41.0
|
$6.0
|
| |
CARES Act - Minimum required contribution for single employer pension plan Deadline Extended.
|
Corporate Income
|
1/1/2020
|
$14.2
|
$1.6
|
| |
Adopted the federal deduction for qualified charitable contributions up to 50% of federal AGI (individuals) and up to 25% of adjusted taxable income (corporations).
|
Corporate Income
|
Tax Year 2020
|
-$25.7
|
$14.4
|
| |
Payments made by employer on behalf of employee for student loan principal and interest are excluded from income.
|
Corporate Income
|
1/1/2021
|
-$2.1
|
minimal
|
| |
Created provisions that require a marketplace provider to collect/remit sales and use tax on sales facilitated by the marketplace provider on behalf of a marketplace seller.
|
Sales and Use
|
1/1/2020
|
$67.1
|
$67.1
|
| |
Repealed sales tax on internet access, as required under federal law.
|
Sales and Use
|
7/1/2020
|
-$166.0
|
-$166.0
|
| |
Decreased the administrative allowance that licensed motor vehicle fuel suppliers may deduct when remitting the fuel tax on gasoline to the Department of Revenue.
|
Motor Fuel
|
1/1/2020
|
$5.7
|
$5.7
|
| |
Eliminated the refund of the motor vehicle fuel tax paid on gasoline received into a service station operator's storage facilities to cover shrinkage and evaporation losses.
|
Motor Fuel
|
1/1/2020
|
$4.2
|
$4.2
|
| |
Tax Revenue=
|
|
|
-$282.4
|
-$188.5
|
| |
Non-Tax Revenue=
|
|
|
$0.0
|
$0.0
|
| |
Revenue Total=
|
|
|
-$282.4
|
-$188.5
|
|
Wyoming
|
Applied tax to specified nicotine products, including electronic cigarette and vapor material.
|
Tobacco
|
7/1/2020
|
N.A.
|
N.A.
|
| |
Implemented a statewide lodging tax.
|
Miscellaneous
|
1/1/2021
|
$9.3
|
$18.6
|
| |
Tax exemption for new oil and gas wells.
|
Miscellaneous
|
7/1/2020
|
-$3.6
|
-$3.6
|
| |
Severance tax exemption for coal shipped internationally.
|
Miscellaneous
|
7/1/2020
|
N.A.
|
N.A.
|
| |
Adjusted uranium taxation rates.
|
Miscellaneous
|
7/1/2020
|
N.A.
|
N.A.
|
| |
Taxation on sale of electricity from nuclear reactors.
|
Miscellaneous
|
1/1/2021
|
N.A.
|
N.A.
|
| |
Tax Revenue=
|
|
|
$5.2
|
$15.0
|
| |
Increased filing and automation court fees
|
Fee
|
7/1/2020
|
$1.5
|
$1.5
|
| |
Non-Tax Revenue=
|
|
|
$1.5
|
$1.5
|
| |
Revenue Total=
|
|
|
$6.7
|
$16.5
|