State taxes

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.

States collected more than $45.2 billion in motor fuel taxes in 2017, compared with $36.8 billion 10 years earlier, according to the Federal Highway Administration.

Online wagers dominate in-person bets to drive New Jersey's still-modest but rising take from sports betting.

The limit on the SALT deduction caused an estimated 10.88 million individual taxpayers to lose $323.1 billion in tax deductions for the 2018 tax year, the Treasury Inspector General for Tax Administration reported in February.

Gov. Ned Lamont and Connecticut lawmakers are studying a proposal to essentially exchange much of the state’s income tax for a payroll tax.

Lawmakers have to wait another week for the governor's five-year infrastructure plan.

Lower gas prices, remote working, easy driving and new competition from ride-share companies are taking slices of the pie.

Virginia and Florida and other states are responding to complaints about using tolls to pay for costly road improvements.

The Civic Committee of the Commercial Club of Chicago says its plan would put the state on path to fiscal solvency and double-A ratings.

The governor said his proposed fiscal 2020 budget represents a 4% increase over this current budget, of which 80% is one-time costs.

States have reversed deterioration found last May.

The state recorded $31.94 billion of sales tax revenue, according to state Comptroller Glenn Hegar.

NASBO Executive Director John Hicks said that deposits made to rainy days funds from budget surpluses will likely bring the total to more than $58 billion for fiscal 2018.

The document details a $1.2 billion structural imbalance in the state budget labeled as “balanced” by Democrats and Republicans alike,

The tax would fund the voter-approved Medicaid expansion that was supposed to take effect July 2.

Muni analysts doubt that either major-party candidate for governor has the solutions to Illinois' many fiscal problems.

Only nine states reported making midyear budget cuts totaling $830 million this year compared to 22 states that cut $3.5 billion in 2017.

Municipal analysts see the holes in the spending plan, but secondary market traders reacted positively.

What's in the next Illinois budget is more important to S&P Global Ratings than whether it is passed soon.