Impact of Proposed Changes to the NOL Cap
February 24, 2023 | Economics and Other
The IFO published a letter in response to a request from Senator Pennycuick. The letter contains projections for the impact of proposed changes to the amount of taxable income that C corporations may offset through net operating loss deductions.
Post-Pandemic Child Care Cliff
February 23, 2023 | Economics and Other
The IFO posted a second research brief that examines the end or phase-out of various programs tied to the federal public health emergency that will impact the state economy. The brief examines the impact that nearly $820 million in federal support had on the child care industry and its employees, and the funding cliff the industry will encounter in the near future.
State and Local Tax Revenues: A 50 State Comparison
February 21, 2023 | Economics and Other
This report uses data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) the relative level of state and local taxes across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels.
Tags: comparison, local, state, tax
Economic and Budget Outlook Hearing Request
February 10, 2023 | Economics and Other
The IFO published a letter in response to requests for additional information raised at a recent economic and budget outlook hearing on January 24, 2023.