New Report Highlights 17 States That Cut Taxes in 2015
Pro-Growth Trend Continues, Matching 2013 High-Water Mark
Arlington, VA (March 16, 2016) — Seventeen states cut taxes in the 2015 legislative year, matching a high-water mark that was first reached in 2013, according to a new report by the Center for State Fiscal Reform at the American Legislative Exchange Council (ALEC).
The states that cut taxes during the 2015 legislative year are: Arizona, Arkansas, California, Florida, Indiana, Maine, Maryland, Mississippi, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Ohio, Rhode Island, Texas and Wisconsin.
“States increasingly realize that high taxes only drive away businesses and residents,” said Will Freeland, co-author of the report and a research analyst at the ALEC Center for State Fiscal Reform. “Cutting taxes, particularly on corporate and personal income, is the surest way to enhance a state’s economic competitiveness.”
Four states – Florida, Indiana, Ohio and Wisconsin – have qualified for all three editions of the ALEC State Tax Cut Roundup. Nine of the 17 tax-cutting states have qualified for at least one prior edition. In addition, 13 of these tax-cutting states featured a gubernatorial call for tax reform in their respective “State of the State” addresses this year.
“After a banner year for tax relief in statehouses across the nation, we are now seeing more fundamental, broad-based changes in 2016,” said Jonathan Williams, co-author of the report and vice president of the ALEC Center for State Fiscal Reform.
For a summary of tax cuts enacted by states in 2015, please visit www.alec.org/publication/taxcutroundup2015.