Tax

A year after the pandemic struck the nation's economy, Texas sales tax collections hit an all-time record for April.

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

The decline in the first quarter shows the continuing impact of pandemic, exacerbated by the February winter storm that cut power to much of Texas.

Three House Democrats say they won’t support tax hikes unless the Biden tax plan includes a repeal of the $10,000 cap on state and local tax deductions.

Nineteen states recognized delayed payments due to last year's IRS delay in the tax deadline to July 15.

Because the IRS changed filing dates for income tax returns as a result of the coronoavirus , Georgia's net tax collections surged 42% last month.

Lawmakers received word of the improved forecast just before the release in early March of the first-draft proposal for the state’s two-year budget.

The city relies on the levy as a whole for 43% of its general fund revenue amid a national debate over work-from-home dynamics that could reach the U.S. Supreme Court.

Reducing tax fraud is one of the goals of the fiscal plan approved by the Puerto Rico Oversight Board in May.

Treasury Secretary Janet Yellen said President Joe Biden favors boosting taxes on companies, and signaled openness to considering raising rates on capital gains, while steering clear of a wealth levy.

The Pennsylvania governor can expect pushback from Republican lawmakers over budget-balancing plan aimed at higher wage earners.

The January sales tax report shows that Texas is recovering but still hurting on some revenue streams, Comptroller Glenn Hegar said.

New Hampshire wants the Supreme Court to hear its challenge to income taxes its neighbor levies on employees who began working from home during the pandemic.

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

The incoming Biden administration last week proposed direct federal aid of $350 billion to state and local governments as part of a proposed $1.9 trillion coronavirus relief bill.

Donald Trump's departure from the White House will do little to heal the rift between the right and left, but this is still the best chance muni advocates have had in many years.

A new policy framework supports “enhanced bond financing incentives that can be used to improve water quality and reduce other environmental stressors.”

The new corporate tax incentive legislation includes an annual cap for a key component, in an effort not to repeat the mistakes of its predecessor program.

Sen. Charles Grassley of Iowa's ask seems unlikely given that tax law originates in the House and incoming President Joe Biden's proposals to increase taxes.

Candidates for the next U.S. Secretary of Transportation bring something new to the table than in previous years — deep understanding of the municipal bond market.