Tax

The $54.3 billion spending plan for fiscal 2024 is $5.4 billion larger than last year's and $1.2 billion more than the proposal Gov. Phil Murphy pitched in February. It features tax-relief programs and tax code changes.

With no agreement on how to structure a historic property tax cut, Gov. Greg Abbott ordered state lawmakers back for a second special session.

Changes to the direct-pay system provides opportunities for nonprofits to cash in tax credits

As the Republican-controlled state House and Senate remain divided on how to deliver a historic tax cut, the governor vetoed dozens of bills to pressure lawmakers.

The clarifications are predicted to boost bond issuance .

The bill includes provisions to reduce the state's CBT rate and shield some overseas profits from local taxes.

Adjusting the deduction cap for state and local taxes is not included in latest proposals, though advocates for that measure remain hopeful.

Gov. Ned Lamont signed income tax rate cuts expected to benefit nearly 1 million people in the most comprehensive cut since the income tax was imposed in 1991.

The National Association of Bond Lawyers sends letter to non-responsive federal agency

Weakening revenues should be a red flag for states, particularly those planning tax cuts, said Lucy Dadayan of the Urban Institute's Tax Policy Center.