Texas- Expected to lose ‘billions’ in sales tax revenue because of coronavirus pandemic

The full financial impact of the pandemic won’t be known until the summer, but Texas lawmakers are already bracing for the impact. State Comptroller Glenn Hegar said he expects to revise the state’s revenue estimates in July. With so many Continue reading Texas- Expected to lose ‘billions’ in sales tax revenue because of coronavirus pandemic

Nebraska- Tax collections up in March despite virus shutdowns

Nebraska state government had better-than-expected tax collections in March despite a surge in unemployment and widespread hardship caused by the new coronavirus, according to a report released Wednesday. The Nebraska Department of Revenue reported net tax collections of $380 million, Continue reading Nebraska- Tax collections up in March despite virus shutdowns

South Dakota – Analysts Warn SD Lawmakers Of Dip In Sales, Use Tax Revenues

Both Terwilliger and Mehlhaff agreed on one prediction, though: That sales and use tax collections in Fiscal 2020 will be lower than the Legislature budgeted for in March. The BFM in its interim report forecasts $1.06 billion in sales and Continue reading South Dakota – Analysts Warn SD Lawmakers Of Dip In Sales, Use Tax Revenues

Texas – Top 7 Facts About Texas’ Booming Economy

Everything is quite literally bigger in Texas. Here are 7 facts about the Lone Star State’s booming economy. 1. Texas has the 10th-largest GDP in the world, if it were its own country. According to a report by the American Enterprise Continue reading Texas – Top 7 Facts About Texas’ Booming Economy

New York – Tax Relief Commission Launched

SALT Report 3056 – Governor Andrew Cuomo announced the launch of the New York State Tax Relief Commission.  The newly formed commission will collaborate with the Tax Reform and Fairness Commission and together, they will conduct a comprehensive review of Continue reading New York – Tax Relief Commission Launched