State taxes

President Joe Biden's $1.7 trillion bill passed the House after months of debate and without any of the municipal bond market's priorities.

The municipal bond market is closely watching proposals from the House and the Senate to overhaul the SALT federal deduction cap.

The SALT deduction cap could be increased, suspended or repealed.

The Remote and Mobile Worker Relief Act would set a 30-day in-state threshold before states could levy income taxes on nonresident workers.

Along with $3 billion of federal aid, Indiana will expects more than $2 billion in additional tax revenue through 2023.

The case has also has fiscal implications for Arkansas, Delaware, Nebraska, New York, and Pennsylvania.

Proposition 19 would change key aspects of the landmark Prop 13.

Gov. Andy Beshear is calling for a 1.8% increase in state spending for fiscal 2021, a plan that relies on sin taxes and sports betting revenue.

Oklahoma saw its economy steadily slowing through 2019, according to Treasurer Randy McDaniel.

John Hicks has left his position as executive director of NASBO to become Kentucky's budget director.

Gov. Brian Kemp asked state agencies to reduce spending by 4% in the current budget and by 6% in fiscal 2021.

Kenneth Potts, senior vice president and portfolio manager at Fiera Capital, checks in on the state of the municipal bond market. He talks about the effect of the SALT deduction on high-tax states and supply and demand factors in this podcast recorded in September. Chip Barnett hosts.

The taxing and regulating of a new product that's ingested into the lungs to deliver nicotine is dealt with under federal, state and local laws. William Cox explains Kroll Bond Rating Agency's thoughts about vaping and the associated revenues for governments. John Hallacy hosts.

The first opportunity for repeal of the SALT cap prior to its December 2025 sunset date would be in early 2021 if Democrats can gain majority control of both chambers of Congress as well as the White House in the November 2020 election.

Oklahoma’s economic expansion appears to be slowing, state Treasurer Randy McDaniel said.

As health risks associated with e-cigarettes have gained attention, some states are trying to deter minors from the product through taxation.

The latest report from the state comptroller says $876.8 million was distributed to cities, counties, transit systems and special purpose taxing districts.

Fitch Ratings has developed two indices tracking LGIPs.

The lawsuits were filed a day after 11 Democrats in the Senate and a bipartisan group of 47 House lawmakers announced a long-shot effort to repeal the regulation using the Congressional Review Act.

The IRS regulation is targeted at ending workarounds by state and local governments that have been enacted since the cap was included in the 2017 Tax Cuts and Jobs Act.