Fourteen states cut cut taxes in the 2014 legislative year, with a trend of traditionally blue states cutting taxes, according to a new report by the Center for State Fiscal Reform at the American Legislative Exchange Council. The tax policy changes enacted by states reflect an emphasis on pro-growth reforms that encourage economic expansion and competition.
Of the 14 states that cut taxes during the 2014 legislative year, many states were repeat tax cutters: Kansas, Nebraska, Wisconsin, Florida, Indiana and Ohio all significantly reduced taxes in both the 2013 and 2014 legislative sessions. Meanwhile, Minnesota, New York, Rhode Island and Maryland all enacted reductions to death taxes in the form of increasing the amount of income exempted from the tax. The full list of states are:
Arizona, Florida, Indiana, Kansas, Maryland, Michigan, Minnesota,
Missouri, Nebraska, New York, Ohio, Oklahoma, Rhode Island, Wisconsin
To download a full copy of the report, please click here.
— ALEC (@ALEC_states) December 17, 2014