Tax Insider for April 7
Lawmakers start taking a deeper dive into the session’s more prominent issues, including the research and development tax credit, property tax abatements, and requiring uniformity between local and state income taxes.
Top Lines
- The legislative revenue committees have very few problematic bills, at least for the big-picture politics, but that also creates difficulties advancing proactive measures.
- The House Revenue Committee held its fourth hearing on a proposal requiring local income tax alignment with the state's rules and definitions.
- The committees are racing against each other to see which chamber can hold the fastest revenue work session. The House is currently winning.
