Key Findings Nineteen states have sales tax holidays on the books in 2024. These suspensions combined will cost states and localities over $1.3 billion in lost revenue this year. Sales tax holidays are poorly targeted and too temporary to meaningfully change the regressive nature of a state’s tax system. Overall, the benefits of sales tax
The Biden administration has set ambitious goals to decrease US carbon emissions. Starting in 2022, the Inflation Reduction Act granted clean energy tax credits to businesses in hopes of encouraging a greener economy. Kyle and Shuting Pomerleau see a carbon tax as a superior approach. To offset any regressive effects, they propose a revenue swap,
CLOVIS, Calif (FOX26) — The Clovis City Council has voted to place a 1% tax hike on the November 5th ballot. City Council Members agreed to put it on the ballot because they listened to the plea from the Clovis police and Fire Departments, which say they have been understaffed. [RELATED] Clinica Sierra Vista brings
MILAN, Ill. (KWQC) – Starting January 1, 2026, Illinois will eliminate its 1% tax on grocery items. It’s a topic that’s creating a big back and fourth between city officials and consumers. On Monday, Governor J.B. Pritzker signed a bill that was passed during a recent legislative session. While the tax is repealed statewide, local
The Montana Department of Revenue will soon be distributing its second round of property tax rebates to eligible Montana taxpayers as part of a property tax relief package that was signed into law in 2023. The property tax rebate is a rebate of up to $675 of property taxes paid on a principal residence. To
Illinois parents hoping to purchase certain back-to-school items during a sales tax holiday will be disappointed this year. In 2022, Illinois parents saw some financial relief during back-to-school season in August, thanks to a state law that reduced tax rates on qualifying school supplies, clothing and footwear. That law, known to many as a “sales
Colorado’s top politicians are debating whether to call lawmakers back to work to cut property tax rates once more. The talk of holding a special legislative session is being driven by a pressing deadline: the November election. As things stand now, a pair of ballot measures will likely go before voters in a few months,
This article was produced for ProPublica’s Local Reporting Network in partnership with The Seattle Times. Sign up for Dispatches to get stories like this one as soon as they are published. Reporting Highlights Job Promises: Washington lawmakers approved a tax break for data centers to create more jobs in rural Washington, but they can’t say
Americans are used to paying taxes. Income tax. Sales tax. Property tax. With those taxes, you generally know what to expect and have a general idea of what those funds support. For example, local property taxes support the infrastructure and services provided to you, the resident. But sometimes, things aren’t as clear. Let’s say, you
News Photo by Steve Schulwitz A large group of supporters of the Alpena County Library wave signs urging voters to vote in favor of a property tax renewal on Tuesday. The rally began at the Alpena County Courthouse and marched downtown to the library. ALPENA — More than 100 people