Bloomberg Tax
Free Newsletter Sign Up
Bloomberg Tax
Welcome
Go
Free Newsletter Sign Up

Governors Push State Tax Cuts Amid Warnings of Uneven Results

Jan. 21, 2022, 7:30 PM

This week in state tax news: Governors from four more states promised tax cuts this week, but a progressive think tank warned of consequences from these strategies. Meanwhile, Maryland is extending its tax filing deadline, Mississippi lawmakers are eyeing taxes on cannabis, and New Jersey has a new law circumventing the federal $10,000 cap on state and local tax deductions.

The proposals to cut state taxes just keep coming.

This week the governor of South Carolina promised an income tax cut valued at $1 billion over five years, New Mexico’s governor suggested a cut in the sales tax and an ...

To read the full article log in.

Learn more about a Bloomberg Tax subscription