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May 11, 2012
State Tax Actions 2011

Full Text Published by Tax Analysts®

by Mandy Rafool and Todd Haggerty

Mandy Rafool is a program principal and Todd Haggerty is a policy associate with the Fiscal Affairs Program of the National Conference of State Legislatures. This report was prepared for NCSL and is published here with permission.

This annual report is a cooperative effort of the National Association of Legislative Fiscal Offices (NALFO) and the NCSL Fiscal Affairs Program. Without the advice, expertise, and timely assistance of legislative fiscal staff from around the country, the report would not be possible.

State Tax Actions 2011 is a product of an NCSL staff team. The authors would especially like to thank Julie Lays.

For Appendix F, contact NCSL.

© NCSL 2012


* * * * *

Preface and Acknowledgments

State Tax Actions 2011 presents information about the tax and revenue changes enacted by state legislatures during the 2011 calendar year. It also contains the results of tax measures that were voted on during 2011 general elections. In addition to aggregate state tax information, the report contains detailed information on 50 states. The reported changes generally take effect in fiscal 2012. For 46 states, the fiscal year begins July 1 and ends June 30. Exceptions are Alabama and Michigan, where fiscal years begin in October and end in September; Texas, September to August; and New York, April to March.

Defining and Measuring Tax Changes

Organizations that measure state tax and revenue changes often report different numbers, resulting in confusion about the true magnitude of state tax increases or reductions.

One method -- the "baseline" method -- includes the effect of all statutory tax law changes adopted in the current legislative session. Under this method, only statutory tax law changes adopted in the 2011 legislative sessions are included. The second method -- the "taxpayer liability" method -- measures the effect of tax changes on taxpayers and the economy, without regard to when statutory changes were adopted. Under this method, a state that makes a multi-year tax rate reduction would be credited with a tax reduction in each fiscal year that the tax rate falls.

The primary focus of discussion in this report is on the taxpayer liability method. In recent years, more states have adopted multi-year rate reductions with large "out year" revenue effects that are not counted under the baseline method. NCSL believes that the taxpayer liability method provides a more accurate picture of state tax trends.


Tax Highlights in 2011

For the first time in 10 years, states cut taxes more than they increased them. But readers should not draw hasty conclusions about what this means for states' fiscal health. Most states continued to face substantial budget shortfalls during their 2011 legislative sessions. The net state tax reduction is a result of temporary tax increases expiring in a handful of states, not the result of strong fiscal conditions. When the impact of those temporary taxes is removed from the mix, the outcome is substantially different with a state net tax increase of nearly $9 billion. But again, this is misleading because large tax increases in only two states (Connecticut and Illinois) accounted for nearly all of the gains. In short, the aggregate figures are skewed by a handful of states where tax increases and tax cuts were large and extensive.

Figure 1.
Net State Tax Changes by Year of Enactment, 1991-2011



*2011 Figures are Preliminary

Source: National Conference of State Legislatures survey of legislative fiscal offices, 2011.

This report includes tax actions taken during regular and special legislative sessions in 2011, as well as actions approved by voters, mostly affecting fiscal 2012 tax collections. Fifty states provided information, which was obtained through the National Association of Legislative Fiscal Offices. Highlights include the following.

  • Actions taken in 2011 to raise revenue for fiscal 2012 resulted in a net state tax cut of nearly $2 billion or 0.3 percent. This compares to a net tax gain of $4.0 billion in 2010 and represents the first net reduction since 2001. Figure 1 (next page) shows the past 20 years of net state tax changes by year.
  • Of the 50 reporting states, nine states reduced net taxes by more than 1 percent, while an equal number reported net tax increases greater than 1 percent.1 Of those, California and North Carolina reported tax cuts greater than 5 percent, while Connecticut and Illinois reported tax increases of 14.9 percent and 24.4 percent, respectively. Thirty-two states made no significant changes (Figure 2).
  • In addition to tax changes, states made substantial nontax revenue changes during 2011 -- such as fee increases, revenue accelerations, amnesty programs and tax compliance initiatives -- for a net increase of more than $1.1 billion. This resulted in a combined revenue decrease of $777 million for fiscal 2012.
Figure 2.
2011 Net State Tax Changes as a Percentage of 2010 Tax Collection



Source: National Conference of State Legislatures survey of legislative fiscal offices, 2011.

The largest single tax increase -- $6.5 billion -- occurred in Illinois when the previous General Assembly approved a temporary income tax rate hike during the lame duck session in early January. California reported the largest cut -- $8.3 billion -- when lawmakers agreed to let temporary income and sales tax increases expire as planned.

Sales taxes experienced the largest cuts of all the tax categories, at what was projected to be more than $5.2 billion. Again, this is primarily due to the expiration of temporary sales tax increases in California and North Carolina. States also cut corporate income taxes and miscellaneous taxes. Many of these reductions were also the result of allowing temporary tax increases to expire.

States as a whole raised taxes in all other categories. Personal income taxes saw the largest expected net increase, nearly $3.0 billion, mostly explained by the rate increase in Illinois. At the same time, several states let temporary income tax rate increases expire, resulting in substantial reductions that offset tax increases in other states. The healthcare category recorded the second largest tax increase. New assessments on healthcare providers in a number of states are expected to generate $1.9 billion in additional revenue.

Three trends emerged in 2011:

  • States allowed temporary taxes to expire, many of which were approved in 2009 for two years.
  • States focused on reforming or reducing business taxes.
  • To help cover rising Medicaid costs, states raised healthcare provider taxes.

While not rising to the level of trends, a few other tax actions were common. As in past years, several states broadened their tax bases by reducing credits and exemptions in various categories. Policymakers also continued to search for new sources of revenue by targeting digital and on-line sales. Others focused on tax policies signed to jump-start local economies with new incentives to create jobs and develop small businesses. Lastly, some states examined the estate tax with renewed interest. States also generated new revenue through fees, accelerations and other nontax actions; activity in this category has been much lower than in past years. The 50 states made tax, fee and other revenue changes that will result in an anticipated $777 million decrease in total revenue for fiscal 2012.

                               Table 1.
                   FY 2012 Net State Tax Changes by
                              Type of Tax
 _____________________________________________________________________

      Type of Tax                             Dollars (in millions)
 _____________________________________________________________________

 Personal Income                                   $2,994.9
 Corporate Income                                   -$804.9
 Sales and Use                                    -$5,244.7
 Health Care                                       $1,955.9
 Tobacco                                              $51.9
 Alcoholic Beverage                                   $24.1
 Motor Fuel                                           $12.0
 Miscellaneous                                      -$949.6
 Net Change                                       -$1,960.4
 _____________________________________________________________________

 Not included: American  Samoa, District of Columbia, Guam, Northern
 Mariana  Islands, Puerto Rico and U.S. Virgin Islands

 Source: National Conference  of State Legislatures, 2011

Personal Income Taxes
(net increase: $2,994.9 million)

Six states increased personal income taxes; however, increases in just three of them accounted for nearly $8 billion in anticipated new revenue. Likewise, while 21 states cut personal income taxes, reductions in only four states accounted for an expected loss of more than $4.5 billion in fiscal 2012.

State tax increases include:

  • Illinois raised the personal income tax rate from 3 percent to 5 percent, in January 2011, which is expected to generate more than $6.5 billion in additional revenue.
  • Connecticut expects to raise more than $893 million by increasing marginal tax rates and phasing out the lowest tax bracket for taxpayers over a new income threshold.
  • Michigan lawmakers restructured taxes to raise more revenue from personal income taxes while reducing business taxes. The change imposes income tax on pensions and retirement income, eliminates special exemptions for seniors and children and eliminates most income tax credits, including the property tax credit and the earned income tax credit (EITC).

Other states reduced income taxes:
  • California lawmakers allowed a temporary 0.25 percent income tax increase to expire, resulting in a projected revenue loss of $1.3 billion. In addition, a reduction in the dependent care credit expired, for an additional $1.3 billion reduction in revenue.
  • New York's temporary income tax surcharge on high-income taxpayers expired in December 2011. Prior to expiration, lawmakers restructured income tax brackets so that most rates were reduced. Rates on upper income brackets were increased from what they would have been after the surcharge expired but were lower than they were under the surcharge. The end result was an anticipated revenue loss of more than $1.1 billion.
  • North Carolina lawmakers let a temporary 3 percent income surtax expire.
  • Delaware reduced the top income tax bracket (on taxpayers earning more than $60,000 a year) by 3 percent. That rate was raised in 2009 to help close the budget shortfall and was set to expire in 2014.
  • Ohio legislators cut more than $519 million by resuming a previously legislated phase down of the personal income tax rate that was suspended in 2010.
  • Maryland let a temporary income tax increase -- adopted in 2008 on incomes over $1 million -- expire for a projected revenue loss of $55 million.
  • North Dakota cut the personal income tax rate from 4.80 percent to 3.99 percent.
  • Maine lawmakers adopted legislation that consolidates the current personal income tax brackets and reduces the rate for the highest income bracket from 8.5 percent to 7.95 percent. Changes will become effective in 2013.
  • Arizona expanded an existing income tax credit for investments in qualified small businesses.
  • Nebraska approved a credit for "angel investors" who invest in new businesses.
  • Wisconsin provided a personal income tax deferral for capital gains income if the money is reinvested in a qualified Wisconsin-based business within 180 days.
  • Wisconsin also resumed phasing in deductions for child care costs and health insurance premiums, which were delayed in 2009 for two years.
  • Indiana approved a new income tax deduction for unreimbursed private and home school expenditures equal to $1,000 per child.
  • Connecticut and Iowa increased their state earned income tax credits (EITC) for the working poor.
  • Iowa exempted active duty military pay from state income taxes.

Corporate and Business Income Taxes
(net decrease: $804.9 million)

Lawmakers in many states focused on reducing business taxes during the 2011 legislative session. As a result, 20 states cut corporate taxes. Eight raised them.

Business tax cuts include:

  • Michigan cut business taxes by more than $1 billion as part of a major tax restructuring measure. Lawmakers eliminated the Michigan Business Tax and replaced it with a 6 percent corporate income tax with no credits, except for small businesses.
  • Lawmakers in Delaware approved three separate business tax cuts: the gross receipts tax (across the board by 3 percent), the bank franchise tax, and the gas and electric utility tax.
  • North Dakota reduced the corporate income tax rate by 19.5 percent and reduced the tax rate for financial institutions by 7.1 percent.
  • Lawmakers in Indiana voted to phase-in a corporate income tax cut. The rate will be reduced from the current rate of 8.5 percent to 8.0 percent in fiscal 2013; 7.5 percent in fiscal 2014; 7.0 percent in fiscal 2015; and 6.5 percent in fiscal 2016 and thereafter.
  • Florida raised the corporate income tax standard exemption from $5,000 to $25,000 and increased research and development credits.
  • Arizona will reduce the corporate income tax rate over four years from 6.968 percent to 4.9 percent. The revenue loss will first occur in fiscal 2015 and is estimated to be more than $53 million, increasing to a loss of $269.6 million by the time the cut is fully implemented in fiscal 2018.
  • Lawmakers in Maine created a non-refundable corporate income tax credit (known as the Maine capital investment credit), which is equal to 10 percent of the federal bonus depreciation.
  • New Jersey adopted a single sales factor apportionment formula that is expected to reduce revenue by $24 million.
  • New Hampshire policymakers reduced the state's business profits tax.
  • Maryland and Utah raised tax credits for film production, while Oregon extended its credits for another five years.
  • Arizona created a new jobs tax credit, and Oklahoma reinstated a corporate tax credit for aerospace employment.
  • Virginia approved a number of new credits including ones for ports, research and development, and tele-work expenses.
  • West Virginia raised the aggregate tax credit cap for neighborhood investment to $3 million annually.
  • Wisconsin approved a number of economic development measures including corporate income tax deductions for hiring new full-time employees.

Other states increased business taxes:
  • Illinois lawmakers approved a temporary corporate income tax increase. The rate went from 4.8 percent to 7 percent for four years and is expected to generate $780 million. They also suspended the deduction for net operating losses for three years to raise an additional $312 million.
  • Connecticut extended the temporary corporate income tax surcharge for two years and doubled the rate from 10 percent to 20 percent.
  • The Nevada Legislature extended several temporary business taxes for another two years.
  • Connecticut limited the transfer of film production credits and New Mexico placed a $50 million cap on such credits and staggered payment schedules.
  • Alabama double-weighted the sales factor portion of the corporate income tax for a projected revenue gain of $20 million.

Sales and Use Taxes
(net decrease: $5,244.7 million)

Twelve states decreased general sales taxes, and seven raised them. The expiration of a temporary rate increase in California accounts for the bulk of the reduction, while much of the increase is attributable to the sales tax base expansion in Connecticut.

The sales tax cuts include:

  • The temporary sales tax rate increase in California expired on July 1, 2011, lowering the rate from 8.25 percent to 7.25 percent, resulting in future annual revenue loss of $4.5 billion.
  • North Carolina lawmakers also let a 1 percent temporary sales tax rate increase expire for a revenue reduction of nearly $1 billion.
  • New York approved a sales tax exemption for clothing items costing less than $55 until March 31, 2012. After that, clothes that cost up to $110 will be exempt. The revenue loss is estimated at $300 million.
  • Arkansas reduced sales taxes by more than $26 million for fiscal 2012. Lawmakers cut the sales tax rate on groceries by 0.5 percent and reduced the sales tax rate that manufacturers pay on natural gas and electricity.
  • Arkansas lawmakers also approved their state's first sales tax holiday on clothing and school supplies.
  • West Virginia reduced the sales tax rate on food from 3 percent to 2 percent.
  • Colorado restored a previous exemption for certain agricultural products and exempted certain downloaded software.

At the same time, some states raised sales taxes:
  • Policymakers in Connecticut raised the general sales tax rate from 6 percent to 6.25 percent and raised the rate on certain luxury items to 7 percent.
  • Connecticut also expanded its sales tax base to a number of services including pet grooming, spa services, cosmetic surgery, motor vehicle towing, yoga classes and nonprescription medicine, among others.
  • Hawaii expects to generate $170 million by suspending for two years certain exemptions from the general excise tax.
  • Nevada extended a temporary sales tax increase for another two years, with the revenue earmarked for school support.
  • California lawmakers approved a measure requiring some retailers to collect taxes on remote sales and Texas expanded the definition of "nexus" for sales tax collections.
  • Georgia expects to generate an additional $18 million by bringing the state sales tax into full compliance with the streamlined sales tax agreement.
  • Rhode Island extended its sales tax to include a number of previously exempt items including nonprescription drugs, travel and tour company products, insurance proceeds for vehicles, and prewritten downloaded software.

Health Care Provider and Industry Taxes
(net increase: $1,955.9 million)

States continue to increase healthcare provider taxes as a way to cover rising Medicaid costs.

Fifteen states raised these taxes for more than $1.8 billion while only one state reduced these taxes, giving this category the second largest increase in 2011.

  • Indiana adopted a new 2.7 percent hospital assessment for two years and raised the health facility quality assessment from 4 percent to 5.5 percent for three years. These two measures are projected to bring in more than $450 million in fiscal 2012.
  • Connecticut expects to generate nearly $400 million by imposing a new tax on hospital net revenue and a new resident day user fee for certain intermediate care facilities. Lawmakers also increased the cap on nursing home resident user fees.
  • Idaho raised assessments on hospitals and nursing homes for three years.
  • Maryland adopted a new hospital assessment for an anticipated $280 million in additional revenue.
  • Oklahoma approved a new hospital assessment of 2.5 percent of net patient revenue to raise $152 million to help offset higher Medicaid costs.
  • Maine, Nebraska, North Carolina, Ohio, Oregon, Rhode Island, Utah, Vermont, Virginia and West Virginia also raised hospital and healthcare taxes.

One state cut taxes on healthcare providers:
  • Florida lawmakers approved an insurance premiums tax exemption for healthcare providers that only serve Medicaid recipients for certain health services.

Tobacco Taxes
(net increase: $51.9 million)

In a departure from past years, states made few changes to tobacco taxes: three states raised taxes on cigarettes or other tobacco products and one state reduced them:
  • Connecticut increased the excise tax on cigarettes by 40 cents per pack and nearly doubled the tax on other tobacco products from 27.5 percent to 50 percent.
  • Vermont raised the cigarette tax from $2.24 per pack to $2.62 per pack.
  • Texas reduced the cigarette tax stamping discount from 3 percent to 2.5 percent.

One state cut tobacco tax rates.
  • New Hampshire lawmakers reduced the state's cigarette tax from $1.78 to $1.68 per pack.

Alcoholic Beverage Taxes
(net increase: $24.1 million)

Three states raised alcohol taxes and one state made a change that reduced the sales tax on alcoholic beverages:
  • Oregon imposed a 50 cents per bottle surcharge on spirits for two years to raise $14 million.
  • Connecticut raised the alcoholic beverage excise tax by 20 percent to generate $10 million.
  • Maryland raised the sales tax on alcoholic beverages from 6 percent to 9 percent to generate $84 million (this action is counted in the sales tax totals).
  • Massachusetts voters repealed the state sales tax portion of the alcoholic beverages tax.

Motor Fuel and Motor Vehicle Taxes
(net increase: $12.0 million)

Two states raised taxes on motor fuel:
  • Connecticut increased the base diesel tax for a projected $8.5 million.
  • Maine indexed the gasoline tax and special fuels tax to inflation for an estimated $4.1 million in revenue. Automatic indexing is repealed after fiscal 2012 increase.

One state cut motor fuel taxes:
  • New York exempted alternative motor fuels from fuel and sales taxes for one year.

Miscellaneous Taxes
(net decrease: $949.6 million)

Five states increased miscellaneous taxes and three states reduced these taxes. Even though more states raised them, the $1.3 billion cut in California's ad valorem car tax was large enough to offset all the other tax increases and resulted in an anticipated net reduction of more than $950 million.

States cut a variety of miscellaneous taxes:

  • California lawmakers let a temporary increase in the value-based car tax expire, reducing tax collections by an estimated $1.3 billion.
  • Oklahoma reduced the annual tax on coin-operated vending machine decals.
  • Ohio eliminated the state estate tax for deaths after Jan. 1, 2013.
  • Indiana reduced the tax on racino slot machine wagering.

Other states raised some miscellaneous taxes:
  • Illinois reinstated its estate tax to generate more than $180 million a year.
  • Connecticut raised estate and gift taxes by lowering the exemption threshold from $3.5 million to $2 million.
  • Connecticut also established a new tax on the generation of electricity for an additional $71 million.
  • Nevada will raise additional revenue by changing its tax on net proceeds of minerals.
  • Connecticut raised the hotel room occupancy tax, and South Dakota extended its temporary tourism tax increase for another two years.

Fees
(net increase: $1,078.2 million)

In addition to taxes, states relied on new fees and fee increases to help shore up revenue. Eighteen states increased various fees in 2011, while three states cut them.

For example:

  • California raised car registration fees by $12 to generate $300 million.
  • Rhode Island raised beach fees to generate an additional $1.5 million.
  • Lawmakers in North Carolina raised a number of court and miscellaneous fees.
  • Maine, Ohio and Virginia reduced select fees.

Other Revenues
(net increase: accelerations $15.6 million, other $92.0 million)

States also made non-tax policy changes to increase fiscal 2012 revenue collections. Five states accelerated revenue collections, and a number of other states turned to non-tax revenue sources such as amnesty programs and enhanced compliance and tax enforcement efforts.

Maryland accelerated collections on motor vehicle fees for a gain of $15 million. Nebraska changed the monthly sales tax due date, while Texas accelerated the collection schedule of three different taxes for more than $575 million in new revenue in fiscal 2013. Virginia began a phased reversal of an accelerated sales tax payment earlier than required, and Wyoming accelerated by one month the collection schedule in fiscal 2013 for alcoholic beverage taxes.

A few states -- including California, Colorado, Ohio and Washington -- offered amnesty to delinquent taxpayers for designated time periods in an attempt to collect back taxes. Other states -- such as California, Idaho, Kansas, Oklahoma, and Texas -- made policy changes designed to improve tax compliance.

Tax changes in 2011 as a percentage of 2010 tax collections are listed in Appendix A. State changes by tax type are in Appendix B (p. 402). Appendix C (p. 403) shows both tax and non-tax revenue changes by state. Property tax actions are discussed in Appendix D (p. 404). Tax changes by state are displayed in Appendix E (p. 404), and detailed changes by type of tax are presented in Appendix F (available from NCSL).

                                  Appendix A.
        Fiscal 2012 Tax Changes as a Percentage of 2010 Tax Collections
 ______________________________________________________________________________

                              Net Tax Changes
 Region/State            (in millions of dollars)        Percent of 2010 Taxes
 ______________________________________________________________________________

 New England
    Connecticut                $1,831.4                          14.9%
    Maine                         $40.1                          -1.1%
    Massachusetts               -$105.0                          -0.5%
    New Hampshire                -$16.6                          -0.8%
    Rhode Island                  $22.4                           0.9%
    Vermont                       $28.8                           1.1%
 Middle Atlantic
    Delaware                     -$20.1                          -0.7%
    Maryland                     $351.4                           2.3%
    New Jersey                   -$47.0                          -0.2%
    New York                  -$1,484.3                          -2.3%
    Pennsylvania                   $0.0                           0.0%
 Great Lakes
    Illinois                   $7,251.0                          24.4%
    Indiana                      $471.5                           3.4%
    Michigan                    -$535.2                          -2.4%
    Ohio                        -$299.5                          -1.3%
    Wisconsin                    -$73.3                          -0.5%
 Plains
    Iowa                         -$65.4                          -1.0%
    Kansas                         $2.9                           0.0%
    Minnesota                    -$68.6                          -0.4%
    Missouri                       $0.0                           0.0%
    Nebraska                      $12.1                           0.3%
    North Dakota                 -$77.0                          -2.9%
    South Dakota                   $0.0                           0.0%
 Southeast
    Alabama                       $10.0                           0.1%
    Arkansas                     -$31.0                          -0.4%
    Florida                      -$50.5                          -0.2%
    Georgia                      -$17.1                          -0.1%
    Kentucky                       $0.0                           0.0%
    Louisiana                      $0.0                           0.0%
    Mississippi                    $0.0                           0.0%
    North Carolina            -$1,236.3                          -5.7%
    South Carolina                 $5.5                           0.1%
    Tennessee                    -$12.0                          -0.1%
    Virginia                       $6.2                           0.0%
    West Virginia                -$45.6                          -1.0%
 Southwest
    Arizona                        $2.5                           0.0%
    New Mexico                    $23.3                           0.5%
    Oklahoma                     $145.5                           2.1%
    Texas                         $10.2                           0.0%
 Rocky Mountain
    Colorado                     -$44.3                          -0.5%
    Idaho                          $0.1                           0.0%
    Montana                        $0.0                           0.0%
    Utah                          -$6.2                          -0.1%
    Wyoming                        $0.0                           0.0%
 Far West
    Alaska                         $0.0                           0.0%
    California                -$8,308.0                          -7.9%
    Hawaii                       $215.1                           4.4%
    Nevada                        $80.9                           1.4%
    Oregon                       $152.5                           2.0%
    Washington                    -$0.7                           0.0%
 Total                        -$1,960.4                          -0.3%
 ______________________________________________________________________________

 Source: National Conference of State Legislatures' survey of legislative
 fiscal offices, 2011; and U.S. Census Bureau, 2011.

                                  Appendix B.
                         Fiscal 2012 Tax Changes by Tax
                            (in millions of dollars)
 ______________________________________________________________________________

                          Personal   Corporate   Sales      Health-
 Region/State             Income     Income      and Use    care       Tobacco
 ______________________________________________________________________________

 New England
    Connecticut           $893.5      $21.0      $315.8     $403.9      $53.1
    Maine                 -$28.0     -$17.1       -$1.4       $2.3       $0.0
    Massachusetts           $0.0       $5.0     -$110.0       $0.0       $0.0
    New Hampshire           $0.0      -$2.0        $0.0       $0.0     -$11.2
    Rhode Island            $0.0       $0.8       $17.2       $2.2       $0.0
    Vermont                 $0.0       $0.0        $0.0      $24.2       $4.6
 Middle Atlantic
    Delaware               -$6.9     -$13.1        $0.0       $0.0       $0.0
    Maryland              -$55.0      -$5.5      $103.6     $279.4       $0.0
    New Jersey            -$23.0     -$24.0        $0.0       $0.0       $0.0
    New York           -$1,183.5       $0.0     -$300.0       $0.0       $0.0
    Pennsylvania            $0.0       $0.0        $0.0       $0.0       $0.0
 Great Lakes
    Illinois            $6,576.0     $492.0        $0.0       $0.0       $0.0
    Indiana                -$3.5       $0.0        $0.0     $475.0       $0.0
    Michigan              $559.1  -$1,094.3        $0.0       $0.0       $0.0
    Ohio                 -$519.7     -$25.0        $0.0     $245.2       $0.0
    Wisconsin             -$30.6     -$42.7        $0.0       $0.0       $0.0
 Plains
    Iowa                  -$65.4       $0.0        $0.0       $0.0       $0.0
    Kansas                 -$1.5      -$4.5        $8.9       $0.0       $0.0
    Minnesota             -$59.2       $4.4        $3.1       $0.0       $0.0
    Missouri                $0.0       $0.0        $0.0       $0.0       $0.0
    Nebraska               -$2.1       $0.0        $0.0      $14.2       $0.0
    North Dakota          -$60.7     -$13.6       -$2.7       $0.0       $0.0
    South Dakota            $0.0       $0.0        $0.0       $0.0       $0.0
 Southeast
    Alabama                 $0.0      $10.0        $0.0       $0.0       $0.0
    Arkansas               -$3.7      -$0.7      -$26.6       $0.0       $0.0
    Florida                 $0.0     -$17.7      -$31.2      -$1.6       $0.0
    Georgia               -$35.0       $0.0       $17.9       $0.0       $0.0
    Kentucky                $0.0       $0.0        $0.0       $0.0       $0.0
    Louisiana              -$5.3       $6.3       -$1.0       $0.0       $0.0
    Mississippi             $0.0       $0.0        $0.0       $0.0       $0.0
    North Carolina       -$305.7     -$29.6     -$990.0      $89.0       $0.0
    South Carolina          $6.3       $0.0       -$0.8       $0.0       $0.0
    Tennessee               $0.0      -$3.0       -$9.0       $0.0       $0.0
    Virginia                $4.3     -$15.1        $0.0      $17.0       $0.0
    West Virginia          -$9.3     -$13.5      -$50.0      $27.2       $0.0
 Southwest
    Arizona                -$0.9       $3.4        $0.0       $0.0       $0.0
    New Mexico              $0.0      $23.3        $0.0       $0.0       $0.0
    Oklahoma                $0.0      -$5.9        $0.0     $152.0       $0.0
    Texas                   $0.0      -$1.2        $6.0       $0.0       $5.4
 Rocky Mountain
    Colorado                $0.0       $0.0      -$44.3       $0.0       $0.0
    Idaho                  -$4.6      -$5.3        $0.0      $10.0       $0.0
    Montana                 $0.0       $0.0        $0.0       $0.0       $0.0
    Utah                    $0.0      -$8.1        $0.0       $1.9       $0.0
    Wyoming                 $0.0       $0.0        $0.0       $0.0       $0.0
 Far West
    Alaska                  $0.0       $0.0        $0.0       $0.0       $0.0
    California         -$2,639.0       $0.0   -$4,320.0       $0.0       $0.0
    Hawaii                 $45.3       $0.0      $169.8       $0.0       $0.0
    Nevada                  $0.0       $0.0        $0.0       $0.0       $0.0
    Oregon                -$47.0     -$28.5        $0.0     $214.0       $0.0
    Washington              $0.0      -$0.7        $0.0       $0.0       $0.0
 Total                  $2,994.9    -$804.9   -$5,244.7   $1,955.9      $51.9
 ______________________________________________________________________________

                               [table continued]
 ______________________________________________________________________________

                                      Motor
                          Alcoholic   Fuel/      Miscel-
 Region/State             Beverage    Excise     laneous       Total
 ______________________________________________________________________________

 New England
    Connecticut            $10.1     $8.7        $125.3      $1,831.4
    Maine                   $0.0     $4.1          $0.0        -$40.1
    Massachusetts           $0.0     $0.0          $0.0       -$105.0
    New Hampshire           $0.0     $0.0         -$3.4        -$16.6
    Rhode Island            $0.0     $0.0          $2.2         $22.4
    Vermont                 $0.0     $0.0          $0.0         $28.8
 Middle Atlantic
    Delaware                $0.0     $0.0          $0.0        -$20.0
    Maryland                $0.0     $0.0         $28.9        $351.4
    New Jersey              $0.0     $0.0          $0.0        -$47.0
    New York                $0.0    -$0.8          $0.0     -$1,484.3
    Pennsylvania            $0.0     $0.0          $0.0          $0.0
 Great Lakes
    Illinois                $0.0     $0.0        $183.0      $7,251.0
    Indiana                 $0.0     $0.0          $0.0        $471.5
    Michigan                $0.0     $0.0          $0.0       -$535.2
    Ohio                    $0.0     $0.0          $0.0       -$299.5
    Wisconsin               $0.0     $0.0          $0.0        -$73.3
 Plains
    Iowa                    $0.0     $0.0          $0.0        -$65.4
    Kansas                  $0.0     $0.0          $0.0          $2.9
    Minnesota               $0.0     $0.0        -$16.9        -$68.6
    Missouri                $0.0     $0.0          $0.0          $0.0
    Nebraska                $0.0     $0.0          $0.0         $12.1
    North Dakota            $0.0     $0.0          $0.0        -$77.0
    South Dakota            $0.0     $0.0          $0.0          $0.0
 Southeast
    Alabama                 $0.0     $0.0          $0.0         $10.0
    Arkansas                $0.0     $0.0          $0.0        -$31.0
    Florida                 $0.0     $0.0          $0.0        -$50.5
    Georgia                 $0.0     $0.0          $0.0        -$17.1
    Kentucky                $0.0     $0.0          $0.0          $0.0
    Louisiana               $0.0     $0.0          $0.0          $0.0
    Mississippi             $0.0     $0.0          $0.0          $0.0
    North Carolina          $0.0     $0.0          $0.0     -$1,236.3
    South Carolina          $0.0     $0.0          $0.0          $5.5
    Tennessee               $0.0     $0.0          $0.0        -$12.0
    Virginia                $0.0     $0.0          $0.0          $6.2
    West Virginia           $0.0     $0.0          $0.0        -$45.6
 Southwest
    Arizona                 $0.0     $0.0          $0.0          $2.5
    New Mexico              $0.0     $0.0          $0.0         $23.3
    Oklahoma                $0.0     $0.0         -$0.6        $145.5
    Texas                   $0.0     $0.0          $0.0         $10.2
 Rocky Mountain
    Colorado                $0.0     $0.0          $0.0        -$44.3
    Idaho                   $0.0     $0.0          $0.0          $0.1
    Montana                 $0.0     $0.0          $0.0          $0.0
    Utah                    $0.0     $0.0          $0.0         -$6.2
    Wyoming                 $0.0     $0.0          $0.0          $0.0
 Far West
    Alaska                  $0.0     $0.0          $0.0          $0.0
    California              $0.0     $0.0     -$1,349.0     -$8,308.0
    Hawaii                  $0.0     $0.0          $0.0        $215.1
    Nevada                  $0.0     $0.0         $80.9         $80.9
    Oregon                 $14.0     $0.0          $0.0        $152.5
    Washington              $0.0     $0.0          $0.0         -$0.7
 Total                     $24.1    $12.0       -$949.6     -$1,960.4
 ______________________________________________________________________________

 Sources: National Conference of State Legislatures' survey of legislative
 fiscal offices, 2011.

                               Appendix C.
                     Fiscal 2012 Net State Revenue Changes
                            (in millions of dollars)
 ______________________________________________________________________________

                                                                        Total
 Region/State             Taxes      Fees    Accelerations    Other    Revenue
 ______________________________________________________________________________

 New England
    Connecticut        $1,831.4      $13.1        $0.0         $0.0   $1,844.5
    Maine                 $40.1      -$5.5        $0.0         $0.0     -$45.6
    Massachusetts       -$105.0       $0.0        $0.0         $0.0    -$105.0
    New Hampshire        -$16.6       $0.0        $0.0         $0.0     -$16.6
    Rhode Island          $22.4       $1.5        $0.0         $0.0      $23.9
    Vermont               $28.8       $0.0        $0.0         $0.0      $28.8
 Middle Atlantic
    Delaware             -$20.0       $0.0        $0.0         $0.0     -$20.0
    Maryland             $351.4      $64.2       $15.0         $0.0     $430.6
    New Jersey           -$47.0       $0.0        $0.0         $0.0     -$47.0
    New York          -$1,484.3       $0.0        $0.0         $0.0  -$1,484.3
    Pennsylvania           $0.0       $0.0        $0.0         $0.0       $0.0
 Great Lakes
    Illinois           $7,251.0       $0.0        $0.0         $0.0   $7,251.0
    Indiana              $471.5       $0.0        $0.0         $0.0     $471.5
    Michigan            -$535.2       $0.0        $0.0         $0.0    -$535.2
    Ohio                -$299.5      -$3.3        $0.0        $35.0    -$266.8
    Wisconsin            -$73.3      $37.5        $0.0         $0.0     -$35.8
 Plains
    Iowa                 -$65.4       $0.0        $0.0         $0.0     -$65.4
    Kansas                 $2.9       $0.0        $0.0         $0.0       $2.9
    Minnesota            -$68.6       $3.0        $0.0         $0.0     -$68.6
    Missouri               $0.0       $0.0        $0.0         $0.0       $0.0
    Nebraska              $12.1       $0.8        $0.6         $0.0      $13.5
    North Dakota         -$77.0       $1.6        $0.0         $0.0     -$75.4
    South Dakota           $0.0      $18.1        $0.0         $0.0      $18.1
 Southeast
    Alabama               $10.0       $0.0        $0.0         $0.0      $10.0
    Arkansas             -$31.0       $0.0        $0.0         $0.0     -$31.0
    Florida              -$50.5     $181.9        $0.0         $0.0     $131.4
    Georgia               $17.1       $0.0        $0.0         $0.0     -$17.1
    Kentucky               $0.0       $0.0        $0.0         $0.0       $0.0
    Louisiana              $0.0       $7.9        $0.0         $0.0       $7.9
    Mississippi            $0.0       $0.0        $0.0         $0.0       $0.0
    North Carolina    -$1,236.3      $98.4        $0.0         $0.0  -$1,137.9
    South Carolina         $5.5       $0.0        $0.0         $0.0       $5.5
    Tennessee            -$12.0      $11.8        $0.0         $0.0      -$0.2
    Virginia               $6.2      -$4.2        $0.0         $0.0       $2.0
    West Virginia        -$45.6       $0.0        $0.0         $0.0     -$45.6
 Southwest
    Arizona                $2.5      $14.5        $0.0         $0.0      $17.0
    New Mexico            $23.3       $0.0        $0.0         $0.0      $23.3
    Oklahoma             $145.5       $0.0        $0.0        $22.3     $167.8
    Texas                 $10.0      $54.5        $0.0         $4.4      $69.1
 Rocky Mountain
    Colorado             -$44.3       $0.0        $0.0        $12.6     -$31.7
    Idaho                  $0.1       $0.0        $0.0        $19.7      $19.8
    Montana                $0.0       $2.2        $0.0         $0.0       $2.2
    Utah                  -$6.2       $0.0        $0.0         $0.0      -$6.2
    Wyoming                $0.0       $0.0        $0.0         $0.0       $0.0
 Far West
    Alaska                 $0.0       $0.0        $0.0         $0.0       $0.0
    California        -$8,308.0     $388.0        $0.0        -$3.0  -$7,973.0
    Hawaii               $215.1      $60.6        $0.0         $0.0     $275.7
    Nevada                $80.9       $0.0        $0.0         $0.0      $80.9
    Oregon               $152.5     $124.0        $0.0         $0.0     $276.5
    Washington            -$0.7      $57.6        $0.0         $0.0      $56.9
 Total                -$1,960.4   $1,078.2       $15.6        $92.0    -$774.6
 ______________________________________________________________________________

 Sources: National Conference of State Legislatures' survey of legislative
 fiscal offices, 2011.

Appendix D.
Property Tax Actions in 2012 Legislative Sessions

Arizona lawmakers approved several property tax measures in the 2011 legislative session, including:
  • Phased down assessment of commercial property by 10 percent over four years. The state expenditure increase will first occur in fiscal 2014 with an estimated cost of $3.4 million, growing to $16.5 million by fiscal 2017 by reducing property tax revenue for local jurisdictions and resulting in increased state expenditures for k-12 education.
  • Reduced assessment of agricultural property by 6.25 percent in 2016. The state expenditure increase will first occur in fiscal 2017 with an estimated cost of $2.4 million by reducing property tax revenue for local jurisdictions and resulting in increased state expenditures for k-12 education.
  • Increased depreciation of business personal property, which reduces property tax revenue for local jurisdictions and results in increased state expenditures of $4.8 million for k-12 education.
  • Limited property tax rebates to homes that are primary residences and for which an affidavit of owner occupancy is submitted. This measure is expected to generate an additional $39 million for the state in fiscal 2013.
  • Increased homeowners' property tax rebate percentage to offset a tax shift due to reduced assessment of commercial and agricultural property. The state expenditure increase will first occur in fiscal 2014 at an estimated loss of $16 million growing to $101 million by fiscal 2018.

Florida reduced water management district taxes for a revenue loss of $210 million in fiscal 2012. Each year, the Legislature will establish the amount of revenue for each district. Florida also implemented a constitutional amendment that provides property tax exemptions for deployed military personnel. The exemption is based on the number of days a person is deployed overseas in a combat operation in the previous calendar year. The measure is expected to cost $1.5 million annually.

Maine generated $10 million in annual revenue by reducing the property tax benefit program for non-elderly households to 80 percent of the allowable amount.

Montana reduced the property tax rate on class 8 business equipment from 3 percent to 2 percent for the first $2 million of market value. The threshold is raised to $3 million and the tax rate reduced to 1.5 percent the first year after a trigger is reached when the sum of personal and corporate income tax collections exceed the prior year's collections by more than 4 percent, starting in fiscal 2013. The soonest the second tax rate change can begin is in fiscal 2015.

New Jersey modified enacted changes to homestead property tax rebates for one year for additional revenue of $189 million.

North Dakota allocated state funds to school districts for a $341.8 million local property tax reduction in the 2011-2013 biennium.

South Carolina approved a property tax exemption equal to 25 percent of the fair market value of an assessable transfer of interest in real commercial property resulting in a reduction of $11.2 million.

Texas created a property tax exemption for the surviving spouse of a disabled veteran.

West Virginia adopted the Marcellus Gas and Manufacturing Act of 2011, which contained a property tax provision that reduces property valuation for capital additions to manufacturing facilities.

Wisconsin reauthorized property tax levy limits on counties and municipalities equal to a revenue reduction of $46.1 in fiscal 2012 and $78.7 in fiscal 2013.


Appendix E.
Tax and Revenue Changes by State -- 2011 Legislative Sessions

This appendix shows by state the tax and revenue changes that took place in 2011 regular and special legislative sessions and in the November general election that will affect state revenue in fiscal 2011 (for most states July 1, 2011, to June 30, 2012) and fiscal 2013 (for most states July 1, 2012, to June 30, 2013). Tax changes by major tax category appear in Appendix F.

"Tax Revenue" for each state reports the revenue effect of tax actions for the fiscal year. "Total Revenue" reports the total amount of state revenue change. It combines revenue derived from tax actions with other revenue changes such as fee increases, accelerated and decelerated revenue collections, and other one-time changes. Non-tax revenue changes are denoted by *, and are included in revenue totals.

Changes effective in a certain fiscal year as a result of legislation passed and reported in an earlier year are noted by ** and are not reflected in the totals. Recurring changes made for state policy reasons are not reflected in the totals. This appendix does not include changes in unemployment compensation.

The following abbreviations are used:

AGI = Adjusted Gross Income
HMO = Health Maintenance Organization
ARRA = American Recovery and Reinvestment Act
IRC = Internal Revenue Code
B&O = Business and Occupation
LLC = Limited Liability Corporation
CAT = Commercial Activity Tax
LLP = Limited Liability Partnership
CCRC = Continuing Care Retirement Communities
R&D = Research and Development
CPI = Consumer Price Index
REIT = Real Estate Investment Trust
EITC = Earned Income Tax Credits
GRF = General Revenue Fund
SSTP = Streamlined Sales Tax Project
TY = Tax Year

Key: **Not included in aggregate figures

                                 Appendix E.
       Tax and Revenue Changes by State -- 2011 Legilsative Sessions
 _____________________________________________________________________________

                                                     Revenue         Revenue
                                                     FY 2012         FY 2013
                   Description                    (in millions)   (in millions)
 ______________________________________________________________________________

                                    Alabama
 ______________________________________________________________________________

 Double weighted the sales factor portion of           $20.0           $20.0
 the corporate income tax.

 Increased corporate income tax deductions for        -$10.0          -$10.0
 healthcare premiums.

 Extended the temporary 5.14 percent hospital         $230.0**        $230.0**
 assessment until 2013. No change in taxpayer
 liability.

                                Tax Revenue =          $10.0           $10.0

                              Revenue Total =          $10.0           $10.0
 ______________________________________________________________________________

                                     Alaska
 ______________________________________________________________________________

 No significant tax actions                             $0.0            $0.0
 ______________________________________________________________________________

                                    Arizona
 ______________________________________________________________________________

 Conformed state income tax laws to federal             $3.1            $4.7
 tax code.

 Created new personal and corporate income           Unknown         Unknown
 tax credits for small businesses that
 provide qualified health insurance plans
 to employees.

 Expanded existing income tax credit for               -$4.0           -$4.0
 investments in qualified small businesses.

 Excluded capital gains included in income               N/A             N/A
 derived from qualified small businesses
 (revenue loss of $11.6 million will first
 occur in fiscal 2015).

 Diverted withholding tax to fund the new                N/A             N/A
 Arizona Commerce Authority, resulting in a
 general fund reduction of $31.5 million
 annually. No change in taxpayer liability.

 Conformed state corporate income tax laws              $6.1            $3.6
 to federal tax code.

 Increased university-related R & D income              $0.0           -$4.0
 tax credit by 10 percent.

 Eliminated the enterprise zone credit.                 $4.0            $4.0

 Created a new jobs tax credit.                        -$6.7          -$13.4

 Phased down the corporate income tax rate by            N/A             N/A
 30 percent over four years. The rate goes
 from 6.968 percent to 4.9 percent. The
 revenue loss will first occur in fiscal 2015
 and is estimated to be more than $53 million,
 increasing to a loss of $269.6 million by the
 time the cut is fully implemented in
 fiscal 2018.

 Adopted a measure to change over four years             N/A             N/A
 from an 80 percent corporate sales factor to
 a 100 percent corporate sales factor. The
 revenue loss will first occur in fiscal 2015
 and is estimated at $24.6 million,
 increasing to $84 million by full implementation
 in fiscal 2018.

 Let the sales tax estimated payment threshold           N/A          -$52.0
 return to $1 million after being temporarily
 lowered to $100,000.

 Phased down assessment of commercial property
 by 10 percent over four years. The state
 expenditure increase will first occur in
 fiscal 2014 with an estimated cost of $3.4
 million, growing to $16.5 million by fiscal
 2017 by reducing property tax revenue for
 local jurisdictions and resulting in increased
 state expenditures for k-12 education.

 Reduced assessment of agricultural property by
 6.25 percent in 2016. The state expenditure
 increase will first occur in fiscal 2017 with
 an estimated cost of $2.4 million by reducing
 property tax revenue for local jurisdictions
 and resulting in increased state expenditures
 for k-12 education.

 Increased depreciation of business personal
 property, which reduces property tax revenue
 for local jurisdictions and results in
 increased state expenditures of $4.8 million
 for k-12 education.

 Limited property tax rebates to homes that
 are primary residences and for which an
 affidavit of owner-occupancy is submitted.
 This measure is expected to generate an
 additional $39 million for the state in
 fiscal 2013.

 Increased homeowners' property tax rebate
 percentage to offset a tax shift due to
 reduced assessment of commercial and
 agricultural property. The state expenditure
 increase will first occur in fiscal 2014 at
 an estimated loss of $16 million growing to
 $101 million by fiscal 2018.

                                Tax Revenue =           $2.5          -$61.1

 Approved a new court surcharge of $13 on               $7.5            $7.5
 criminal fines and vehicle or game and
 fish related civil penalties for border
 security, public safety and justice court
 funding.

 Board of Regents approved a tuition increase            N/A             N/A
 at state universities for an additional $177
 million in revenue. Not a legislative action.

 Assessed a new population-based fee on cities          $7.0            $0.0
 to fund the department of water resources
 operating expenses.

                            Non-Tax Revenue =          $14.5            $7.5

                              Revenue Total =          $17.0          -$53.6
 ______________________________________________________________________________

                                    Arkansas
 ______________________________________________________________________________

 Amended a low-income state income tax                 -$3.7     No estimate
 exemption to include a head of household
 with two or more dependents.

 Established an investment tax credit for              -$0.7     No estimate
 the rehabilitation and development of
 central business improvement districts.

 Reduced the sales tax from 3.25 percent               -$5.2     No estimate
 to 2.75 percent that manufacturers pay on
 natural gas and electricity.

 Increased the sales tax exemption threshold           -$4.4     No estimate
 from $2,500 to $4,000 for used cars,
 trailers and semitrailers.

 Reduced the sales tax rate on groceries from         -$15.5    No estimate
 2.0 percent to 1.5 percent.

 Created a sales tax holiday for clothing,             -$1.5     No estimate
 clothing accessories, school supplies and
 materials. The tax exemption for clothing
 applies to items valued up to $100. The
 exemption for clothing accessories applies
 to items valued up to $50.

                                Tax Revenue =         -$31.0            $0.0

                              Revenue Total =         -$31.0            $0.0
 ______________________________________________________________________________

                                   California
 ______________________________________________________________________________

 Allowed the temporary income tax rate increase    -$1,343.0       -$2,246.0
 (adopted in 2009) of 0.25 percent to expire.

 Allowed the temporary reduction of the            -$1,371.0       -$1,427.0
 dependent exemption credit to expire.

 Revised the state's child and dependent care          $75.0           $75.0
 expenses tax credit to be nonrefundable.

 Let the temporary sales tax increase              -$4,520.0       -$4,932.0
 (adopted in 2009) expire on July 1, 2011.
 The rate went from 8.25 percent to 7.25 percent.

 Expanded the definition of retailer engaged          $200.0          $200.0
 in business to include certain internet
 retailers, thereby compelling them to collect
 and remit sales or use taxes on sales of
 tangible personal property.

 Allowed a temporary tax rate increase of          -$1,349.0       -$1,552.0
 0.5 percent on the vehicle license fee to
 expire. The rate went from 1.15 percent
 to 0.65 percent.

                                Tax Revenue =      -$8,308.0       -$9,882.0

 Adopted a new voluntary compliance initiative        -$50.0          -$29.0
 (tax amnesty) primarily related to abusive
 tax avoidance transactions and offshore
 financial arrangements. The amnesty period
 runs from Aug. 1, 2011, through Oct. 31, 2011,
 and is expected to generate additional revenue
 of $270 million in fiscal 2011 and a reduction
 of revenue of $50 million in fiscal 2012.

 Required the inclusion of a use tax table in           $7.0            $7.0
 personal income tax forms and allowed
 taxpayers to use the table to determine the
 value of use tax obligations for nonbusiness
 purchases of tangible personal property of
 $1,000 or less.

 Required the franchise tax board to                   $40.0           $30.0
 coordinate with financial institutions to
 establish a record matching system to
 identify delinquent tax debtors and increase
 tax compliance.

 Increased vehicle registration fees by $12           $300.0          $300.0
 (from $31 to $43) to fund the Department
 of Motor Vehicles.

 Enacted a fire prevention fee not to exceed           $50.0          $200.0
 $150 on each structure on a parcel within
 the areas designated as state responsibility
 areas (where the state has the primary
 financial responsibility for preventing and
 suppressing wildland fires).

 Extended and modified Medi-Cal hospital              -$12.0             N/A
 quality assurance fee program.

                            Non-Tax Revenue =         $335.0          $508.0

                              Revenue Total =      -$7,973.0       -$9,374.0
 ______________________________________________________________________________

                                    Colorado
 ______________________________________________________________________________

 Restored a sales tax exemption (that was              -$3.7           -$3.7
 repealed in 2010) for certain agricultural
 products.

 Extended the eligibility period to claim a           -$19.0           -$6.0
 sales tax refund.

 Approved a sales tax exemption for certain           -$21.6          -$25.2
 downloaded software.

 Eliminated the sales tax vendor discount for          $22.8**         $24.1**
 another two years (originally enacted in 2009
 and set to expire in 2011). No change in
 taxpayer liability.

 Extended the sales tax on cigarettes for              $27.3**         $26.0**
 another two years (originally enacted in
 2009 and due to expire in 2011). No change
 in taxpayer liability.

                                Tax Revenue =         -$44.3          -$34.9

 Approved a tax amnesty period from Oct.               $12.6            $0.0
 1, 2011, to Nov. 15, 2011.

                            Non-Tax Revenue =          $12.6            $0.0

                              Revenue Total =         -$31.7          -$34.9
 ______________________________________________________________________________

                                  Connecticut
 ______________________________________________________________________________

 Increased the personal income tax by raising         $564.8          $399.1
 marginal rates.

 Increased the personal income tax by phasing         $159.4          $112.5
 out the lowest (3 percent) income tax bracket
 for certain filers.

 Established a "benefit recapture" mechanism          $110.6           $78.1
 that increases the effective income tax rate
 of filers at certain income levels.

 Decreased the maximum property tax credit            $150.5          $150.9
 from $500 to $300 and altered the
 phase-out schedule.

 Established an EITC equal to 25 percent of           -$91.8          -$97.1
 the federal level.

 Extended the 10 percent corporate tax                 $23.0**         $58.0**
 surcharge for another two years. No change
 in taxpayer liability.

 Raised the corporate tax surcharge from 10            $23.0           $58.0
 percent to 20 percent for two years.

 Limited the transfer of film production                $7.8            $3.9
 tax credits.

 Lifted the cap on the use of tax credits for          -$7.4           -$8.6
 job creation.

 Raised the cap for two years on new job               -$0.5           -$1.7
 creation tax credits to $20 million.

 Extended the exemption from the limit on             -$1.3**          -$0.7**
 film production tax credit transfers. No
 change in taxpayer liability.

 Increased the annual amount that a business           $1.9            -$2.6
 may receive under the neighborhood
 assistance act tax credit program and
 extended the tax credits to certain
 entities that are currently excluded.

 Imposed the sales tax on:

 pet grooming services                                  $3.0            $3.1

 packing and crating services.                          $1.0            $1.1

 motor vehicle towing and road services.                $2.6            $2.7

 intrastate transportation livery services.             $2.6            $2.7

 cosmetic medical procedures.                           $4.1            $4.3

 manicure and pedicure services.                        $2.2            $2.3

 spa services                                           $7.9            $8.2

 Eliminated the sales tax exemption for                $15.8           $16.5
 nonprescription drugs.

 Eliminated the sales tax exemption on cloth            $0.9            $0.9
 or fabric for noncommercial sewing.

 Eliminated the sales tax exemption for                 $1.2            $1.2
 hazardous waste removal.

 Eliminated the sales tax exemption on clothing       $127.6          $133.4
 and footwear priced at less than $50.

 Raised the sales tax rate from 6.0 percent           $138.7          $144.7
 to 6.25 percent.

 Raised the sales tax rate on luxury items to           $3.6            $4.0
 7.0 percent.

 Imposed the sales tax on auto storage, yoga            $0.8            $0.8
 instruction and airport valet services.

 Increased the sales and use tax on short-term          $3.8            $4.0
 car rentals from 6.35 percent to 8.35 percent.

 Established a tax on hospital net revenue.           $349.1          $349.1

 Increased the cap on nursing home resident            $37.9           $41.9
 user fees from 5.5 percent to 6.0 percent.

 Established a new resident day user fee for           $16.9           $17.2
 intermediate care facilities -- mental
 retardation.

 Increased the excise tax on cigarettes from           $44.6           $42.4
 $3.00 to $3.40 per pack.

 Increased the excise tax on the current                $3.6            $0.0
 inventory of cigarettes for one year.

 Increased the tax on other tobacco products            $3.5            $3.5
 from 27.5 percent to 50 percent.

 Increased the tax on snuff from 55 cents to            $1.4            $1.4
 $1.00 per ounce.

 Increased the base diesel tax by 3 cents to            $8.5            $8.7
 29 cents per gallon.

 Increased the diesel tax on the current                $0.2            $0.0
 inventory for one year.

 Increased the excise tax on alcoholic                  $9.9            $9.9
 beverages by 20 percent.

 Increased the excise tax on the current                $0.2            $0.0
 inventory of alcoholic beverages for one
 year.

 Lowered the estate and gift tax threshold from        $22.4           $22.4
 $3.5 million to $2.0 million and extended the
 existing 7.2 percent rate to estates and gifts
 valued between $2.0 million and $3.5 million.

 Established a tax on the generation of                $71.0           $71.0
 electricity of 25 cents per net kilowatt
 hour generated.

 Repealed various exemptions under the                  $4.0            $8.0
 admissions and dues tax.

 Raised the room occupancy tax rate from 12            $11.1           $11.6
 percent to 15 percent.

 Lowered the cap for two years on insurance            $16.8           $18.2
 premium tax credits for insurance companies
 from 70 percent to 30 percent of the liability
 in any year.

                                Tax Revenue =       $1,831.4        $1,626.3

 Raised various biennial motor vehicle                 $10.0           $10.0
 registration fees.

 Raised drivers license fees.                           $3.1            $3.1

                            Non-Tax Revenue =          $13.1           $13.1

                              Revenue Total =       $1,844.5        $1,639.4
 ______________________________________________________________________________

                                    Delaware
 ______________________________________________________________________________

 Decreased the top personal income tax                 -$6.9          -$17.0
 bracket from 6.95 percent to 6.75
 percent.

 Reduced the income tax rate from 5 percent            -$4.5           -$5.9
 to 4.25 percent for public utility
 electric and gas companies.

 Changed the bank franchise tax by modifying           -$2.4           -$6.0
 the alternative calculation base.

 Reduced the business gross receipts tax by            -$6.2          -$17.3
 3 percent.

                                Tax Revenue =         -$20.0          -$46.2

                              Revenue Total =         -$20.0          -$46.2
 ______________________________________________________________________________

                                 Florida
 ______________________________________________________________________________

 Increased the tax credits available for               -$3.0           -$3.0
 rehabilitating dry-cleaning solvent
 contaminated sites and other brown fields
 in designated areas.

 Raised the corporate income tax standard             -$11.7          -$30.0
 exemption from $5,000 to $25,000.

 Increased research and development credits.           -$3.0           -$9.0

 Adopted a single-sales-factor apportionment            $0.0           -$7.5
 for certain taxpayers that make qualified
 capital expenditures.

 Approved a sales tax holiday for three days          -$31.2             N/A
 in August on clothing and school supplies.

 Expanded certain entertainment industry                $0.0           -$4.0
 sales tax credits.

 Provided an insurance premiums tax exemption          -$1.6           -$1.6
 to providers that only serve Medicaid
 recipients for certain health services.

 Reduced water management district taxes.            -$210.0**   No estimate
 Each year, the Legislature will establish
 the amount of revenue for each district.

 Implemented a constitutional amendment that           -$1.5**         -$1.5**
 provides property tax exemptions for
 deployed military personnel. The exemption
 is based on the number of days a person is
 deployed overseas in a combat operation in
 the previous calendar year.

                                Tax Revenue =         -$50.5          -$55.1

 Approved a request to raise public college           $181.9          $181.9
 and university tuition by 8 percent.

                            Non-Tax Revenue =         $181.9           $68.7

                              Revenue Total =         -$80.1           $12.1
 ______________________________________________________________________________

                                 Georgia
 ______________________________________________________________________________

 Conformed state personal and corporate               -$28.0           -$8.0
 income taxes to federal code.

 Adopted a measure that allows                         -$7.0          -$16.2
 transferability of conservation tax credits.

 Extended the income tax credits for                   -$2.5**         -$3.8**
 investment in clean energy property through
 2014. No change in taxpayer liability.

 Extended the sales tax exemption for jet              -$20.0**       -$10.0**
 fuel through fiscal 2013. No change in
 taxpayer liability.

 Extended the sales tax exemption for                   -$7.5**        -$7.9**
 aircraft maintenance and repair parts
 through fiscal 2013. No change in taxpayer
 liability.

 Approved a measure to bring the state sales            $17.9          $18.9
 tax into full compliance with the
 streamlined sales tax agreement.

                                Tax Revenue =          -$17.1          -$5.3

                              Revenue Total =          -$17.1          -$5.3
 ______________________________________________________________________________

                                     Hawaii
 ______________________________________________________________________________

 Eliminated the state income tax deduction             $21.3           $21.3
 for those with adjusted gross income over
 $100,000 single, $150,000 head of
 household, and $200,000 joint.

 Imposed a temporary (six year) limit on               $24.0           $24.0
 itemized deductions for the highest
 income brackets.

 Delayed for two years the implementation              $11.5**         $11.5**
 of the standard deduction income tax
 increase passed in 2009. No change in
 taxpayer liability.

 Suspended certain exemptions from the                $169.8          $216.0
 general excise tax for two years.

                                Tax Revenue =         $215.1          $261.3

 Increased for two years the rental vehicle            $60.6             N/A
 surcharge from $2 per day to $7.50 per day.

                             Non-Tax Revenue =         $60.6            $0.0

                               Revenue Total =        $275.7          $261.3
 ______________________________________________________________________________

                                     Idaho
 ______________________________________________________________________________

 Conformed to federal personal income tax              -$4.6           -$4.6
 code.

 Delayed the planned income tax credit                 $15.0**         $15.0**
 expansion for grocery purchases. No change
 in taxpayer liability.

 Adopted a new temporary income tax credit              $0.0           -$7.9
 for job creation.

 Conformed to federal corporate income tax             -$5.3           -$5.3
 code.

 Raised the hospital assessment tax for                 $3.5            $3.5
 three years.

 Raised the nursing home assessment for                 $6.5            $6.5
 three years.

                                Tax Revenue =           $0.1           -$7.8

 The State Board of Education raised tuition           $16.6**         $16.6**
 and fees at state universities. Not a
 legislative action.

 Added more tax collectors to improve                  $19.7           $13.7
 compliance.

                            Non-Tax Revenue =          $19.7           $13.7

                              Revenue Total =          $19.8            $5.9
 ______________________________________________________________________________

                                    Illinois
 ______________________________________________________________________________

 During a special session in January 2011,          $6,576.0        $6,349.0
 lawmakers from the previous (2010) General
 Assembly approved a temporary personal
 income tax increase of 66 percent. The
 flat tax rate goes from 3 percent to 5
 percent for four years.

 Conformed state corporate income tax to             -$600.0         -$350.0
 federal tax code.

 During a special session in January 2011,            $780.0          $803.0
 lawmakers from the previous (2010)
 General Assembly approved a temporary
 corporate income tax increase. The rate
 goes from 4.8 percent to 7 percent for
 four years.

 Suspended the net operating loss tax                 $312.0          $312.0
 deduction for three years.

 Reinstated the state estate tax.                     $183.0          $275.0

                                Tax Revenue =       $7,251.0        $7,389.0

                              Revenue Total =       $7,251.0        $7,389.0
 ______________________________________________________________________________

                                    Indiana
 ______________________________________________________________________________

 Eliminated the personal income tax exclusion           $0.0            $6.2
 for interest on state and local bonds
 (except for Indiana bonds) initially
 acquired after Dec. 31, 2011.

 Approved a new income tax deduction for               -$3.5           -$3.5
 unreimbursed private and home school
 expenditures. The deduction is equal to
 $1,000 per dependent child.

 Raised the fiscal year aggregate cap on             Unknown         Unknown
 school scholarship income tax credits from
 $2.5 million to $5 million beginning in
 fiscal 2012.

 Approved a measure to phase-in a corporate             $0.0          -$18.4
 income tax rate reduction. The rate goes
 from the current 8.5 percent to 8.0 percent
 in fiscal 2013; 7.5 percent in fiscal 2014,
 7.0 percent in fiscal 2015, and 6.5 percent
 in fiscal 2016 and after.

 Eliminated the corporate income tax                    $0.0            $5.7
 exclusion for interest on state and local
 bonds (except for Indiana bonds) initially
 acquired after Dec. 31, 2011.

 Temporarily raised the health facility                $55.0           $58.0
 quality assessment for three years from
 approximately 4 percent to a maximum rate
 of 5.5 percent from July 1, 2011, to Sept.
 30, 2011, and then 6 percent beginning
 Oct. 1, 2011.

 Temporarily adopted a new hospital                   $420.0          $420.0
 assessment for two years of approximately
 2.7 percent.

 Made changes that affect the state minimum            -$1.0           -$1.0
 cigarette prices and raised the presumed
 cost of doing business from 8 percent to 10
 percent of the basic cost of cigarettes.

 Changed the tobacco products tax on moist              $1.0            $1.0
 snuff from an ad valorem tax to a
 weight-based tax. The rate changes from
 24 percent of the wholesale price to 40
 cents per ounce.

                                Tax Revenue =         $471.5          $468.0

                              Revenue Total =         $471.5          $468.0
 ______________________________________________________________________________

                                      Iowa
 ______________________________________________________________________________

 Conformed to federal tax code.                       -$38.2          -$21.6

 Exempted active duty military pay from the           -$11.2           -$9.5
 income tax.

 Increased the EITC from 7 percent to 10              -$14.8          -$13.7
 percent of the federal credit.

 Increased the income tax credit for                    $0.0           -$0.9
 donations made to school tuition
 organizations (nonprofits that distribute
 private school scholarships).

 Approved biofuel tax credits against the              -$1.2           -$9.9
 personal and corporate income tax.

 Approved personal and corporate income tax             $0.0           -$0.8
 incentives to promote wind energy.

                                Tax Revenue =         -$65.4          -$56.4

                              Revenue Total =         -$65.4          -$56.4
 ______________________________________________________________________________

                                     Kansas
 ______________________________________________________________________________

 Adopted new state corporate income tax                -$4.5          -$35.5
 deduction provisions.

 Repealed the corporate income tax credit               $0.0           $37.0
 for property taxes paid on business
 machinery and equipment.

 Adopted new state personal income tax                 -$1.5          -$11.9
 deduction provisions.

 Repealed various business-related sales                $8.9           $43.9
 tax exemptions.

                                Tax Revenue =           $2.9           $33.5

 Approved a measure that requires taxpayers             $2.4            $2.4
 to provide a valid Social Security
 number to claim certain tax credits.

                            Non-Tax Revenue =           $2.4            $2.4

                              Revenue Total =           $5.3           $35.9
 ______________________________________________________________________________

                                    Kentucky
 ______________________________________________________________________________

 Approved an income exclusion for health         No estimate     No estimate
 insurance premiums, deductible as a result
 of federal health reform conformity
 legislation enacted in 2010.

 Defined direct mail terms and provisions        No estimate     No estimate
 in cooperation with the Streamlined Sales
 Tax Project.

 Joined the Surplus Lines Insurance              No estimate     No estimate
 Multi-State Compliance Compact, which
 exempts insurance premiums from local
 taxation. Instead, a single tax is imposed
 and collected at the state level and
 distributed to localities. The new state
 tax rate of 11.8 percent is comparable to
 the combination of previous local rates.

                                Tax Revenue =           $0.0            $0.0

                              Revenue Total =           $0.0            $0.0
 ______________________________________________________________________________

                                   Louisiana
 ______________________________________________________________________________

 Increased the personal income tax deduction           -$5.3            $5.3
 for nonpublic school tuition costs by
 removing the 50 percent limitation, but
 retained the $5,000 per child maximum.

 Extended the 25 percent tax credit for                 $0.0           -$6.0**
 rehabilitation of historic commercial
 structures. No change in taxpayer liability.

 Modified and extended the research and                 $6.3            $7.3
 development tax credit program by changing
 employment requirements for eligibility of
 certain credit rate levels (effectively
 restricts credits for large firms).

 Extends the quality jobs payroll subsidy              -$0.5**         -$3.0
 program for six years. No change in
 taxpayer liability.

 Expanded the sales tax exemption for                  -$1.0           -$1.0
 certain nonprofit events to allow a
 for-profit financing component (targets
 the New Orleans Jazz and Heritage Festival).

                                Tax Revenue =          -$0.5            $8.6

 Authorized tuition increases for the                   $6.5            $9.3
 community and technical college system and
 for Louisiana State University medical and
 dental schools.

 Raised certain court filing and document fees.         $1.4            $1.4

 Raised probation and parole fees by $10.        No estimate     No estimate

                            Non-Tax Revenue =           $7.9           $10.7

                              Revenue Total =           $7.4           $13.3
 ______________________________________________________________________________

                                     Maine
 ______________________________________________________________________________

 Approved a measure that impacts tax years              $0.0          -$37.0
 after 2012. The legislation replaces the
 current personal income tax rate schedules
 of 2 percent, 4.5 percent and 7 percent with
 new tax rates of 0 percent and 6.5 percent.
 This measure also reduces the top income tax
 rate from 8.5 percent to 7.95 percent.

 Conformed to the federal personal income tax           $0.0          -$24.0
 exemption.

 Conformed to the federal income tax standard          -$6.9          -$10.4
 deduction.

 Eliminated income tax additions including the         -$2.8           -$6.4
 alternative minimum tax and lump-sum and
 early distribution retirement plan taxes.

 Recoupled with federal tax code relating to           -$6.1           -$1.7
 personal income tax business expensing
 thresholds.

 Created a non-refundable personal income tax          -$9.1           -$1.2
 credit equal to 10 percent of federal bonus
 depreciation. This credit is known as the
 Maine capital investment credit.

 Changed the way that non-residents are taxed          -$3.1           -$2.5
 by providing new minimum taxability thresholds.

 Recoupled with federal tax code relating to           -$1.5           -$0.4
 corporate income tax business expensing
 thresholds.

 Created a non-refundable corporate income tax        -$15.6           -$5.8
 credit equal to 10 percent of federal bonus
 depreciation. This credit is known as the
 Maine capital investment credit.

 Exempts meals provided at retirement                  -$1.4           -$0.6
 facilities from the sales tax (retroactive
 to Jan. 1, 2010).

 Indexed the gasoline tax and special fuels             $4.1            $4.2
 tax to inflation.

 Increased the nursing facilities and                   $2.3            $3.1
 residential treatment facilities tax rate
 from 5.5 percent to 6 percent as allowed by
 federal law.

 Reduced the property tax benefit program for          $10.0**         $10.2**
 non-elderly households to 80 percent of the
 allowable amount.

 Changed the estate tax to conform to federal            N/A             N/A
 standard and raised the exclusion to $2
 million. The fiscal impact is negligible.

                                Tax Revenue =         -$40.1          -$82.7

 Reduced access payments made to support               -$5.5          -$10.5
 cost of Dirigo Health Agency.

                            Non-Tax Revenue =          -$5.5          -$10.5

                              Revenue Total =         -$45.6          -$93.2
 ______________________________________________________________________________

                                    Maryland
 ______________________________________________________________________________

 Let expire the temporary income tax adopted          -$55.0          -$63.0
 in 2008 on incomes over $1 million.

 Raised the film production tax credit from            -$5.5           -$6.5
 25 percent to 27 percent for three years.

 Increased from 6 percent to 9 percent the             $84.8           $86.2
 sales and use tax imposed on alcoholic
 beverages.

 Capped the sales tax vendor credit at $500            $18.8           $20.8
 per month.

 Adopted a new hospital assessment to                 $279.4          $282.7
 support Medicaid.

 Reduced the vehicle excise tax dealer vendor           $3.7            $4.3
 credit by half.

 Expanded the insurance premiums tax to include         $1.9            $3.4
 injured workers insurance fund premiums.

 Created a new insurance premiums tax credit           $23.3           $23.3
 to encourage insurance company investment
 in venture capital. The companies commit
 revenue to the state in return for later
 credit against the insurance premiums tax.

                                Tax Revenue =         $351.4          $351.2

 Raised the motor vehicle certificate of               $52.4           $59.3
 title fee from $50 to $100.

 Raised the fee for vanity license plates               $2.5            $2.5
 from $25 to $50.

 Raised the processing fee for vehicle                  $5.3            $5.9
 dealers.

 Raised the birth certificate fee from                  $4.0            $4.1
 $12 to $24.

 Accelerated collections of drivers license            $15.0           $20.0
 renewal and vehicle registration fees.

                            Non-Tax Revenue =          $79.2           $91.8

                              Revenue Total =         $430.6          $443.0
 ______________________________________________________________________________

                                 Massachusetts
 ______________________________________________________________________________

 Delayed implementation of the business tax            $45.0**        -$45.0
 deduction created to offset the potential
 financial statement impact resulting from the
 combined reporting requirement. No change in
 taxpayer liability.

 Reduced from $25 million to $20 million the            $5.0            $5.0
 life sciences corporate income tax credit.

 Repealed the sales tax portion of the taxes         -$105.0         -$110.0
 imposed on alcoholic beverages as a result
 of a ballot initiative.

                                Tax Revenue =        -$105.0         -$150.0

                              Revenue Total =        -$105.0         -$150.0
 ______________________________________________________________________________

                                    Michigan
 ______________________________________________________________________________

 The Legislature approved a major tax reform          $559.1        $1,423.7
 measure in 2011 that raises more revenue
 from personal income tax and cuts business
 taxes. It raised personal income taxes by
 broadening the base. The change imposes tax
 on pensions/retirement income and eliminated
 special exemptions for seniors and children.
 It also eliminates most income tax credits,
 reduced the homestead property tax credit and
 reduced the EITC.

 The Legislature approved a major tax reform       -$1,094.3       -$1,647.6
 measure in 2011 that raises more revenue from
 personal income tax and cut business taxes.
 It eliminated the Michigan business tax and
 replaced it with a 6 percent corporate income
 tax with no credits, except for a small
 business credit. It only applies to
 c-corporations.

                                Tax Revenue =        -$535.2         -$223.9

                              Revenue Total =        -$535.2         -$223.9
 ______________________________________________________________________________

                                   Minnesota
 ______________________________________________________________________________

 Conformed to personal income tax provisions           -$5.8           -$4.2
 of the federal healthcare law.

 Conformed to personal income tax provisions            $1.8            $3.9
 of the federal small business jobs act.

 Conformed to personal income tax provisions          -$49.8           -$1.7
 of the federal tax relief act.

 Suspended the political contribution income           -$5.4           -$6.4
 tax refund for two years.

 Conformed to corporate income tax provisions          -$8.2            $1.5
 of the federal small business jobs act.

 Conformed to corporate income tax provisions          -$3.8           $20.5
 of the federal tax relief act.

 Applied sales taxes to on-line travel                  $3.8            $4.8
 reservation lodging rates.

 Exempted townships from sales taxes.                  -$0.7           -$1.0

 Repealed healthcare provider taxes in 2020.             N/A             N/A

 Expanded homeowner and renter property tax             $0.0           $19.2**
 refunds.

 Reduced state property tax refunds due               -$11.8          -$12.7
 through the sustainable forest incentive act.

 Modified property taxes by converting market            N/A         -$261.2**
 value credit reimbursements to market value
 property tax exclusions.

 Modified the estate tax exclusion for                 -$5.1           -$9.1
 qualified farms and small businesses for
 decedents dying after June 30, 2011.

                                Tax Revenue =          $68.6           -$4.4

 Approved a $1 vehicle transaction fee                  $0.0            $7.7
 surcharge for transportation licensing
 systems.

 Raised the processing fee on all motor                 $2.0            $2.0
 vehicle transactions from $4.50 to $6.00.

 Approved a new assessment on energy                    $1.0            $1.0
 utilities for energy policy and development.

                                Non-Tax Revenue =       $3.0           $10.7

                                  Revenue Total =     -$65.6           -$6.3
 ______________________________________________________________________________

                                  Mississippi
 ______________________________________________________________________________

 No significant tax actions.                            $0.0            $0.0
 ______________________________________________________________________________

                                    Missouri
 ______________________________________________________________________________

 Approved a measure that phases out the                 $0.0          -$16.6
 corporate franchise tax for a loss of
 $87.5 million in fiscal 2016 when fully
 phased in.

                                Tax Revenue =           $0.0          -$16.6

                              Revenue Total =           $0.0          -$16.6
 ______________________________________________________________________________

                                    Montana
 ______________________________________________________________________________

 Reduced the property tax rate on class 8              -$1.3**         -$3.1**
 business equipment from 3 percent to 2
 percent for the first $2 million of market
 value. The threshold is raised to $3
 million and the tax rate reduced to 1.5
 percent the first year after a trigger is
 reached when the sum of personal and
 corporate income tax collections exceed the
 prior year's collections by more than 4
 percent, starting in fiscal 2013. The
 soonest the second tax rate change can
 begin is in fiscal 2015.

                                Tax Revenue =           $0.0            $0.0

 Increased hunting fees from $328 to $527               $2.2            $2.2
 for nonresident big game and deer hunting
 licenses. This measure was a ballot
 initiative that was approved by voters
 in November 2010.

                            Non-Tax Revenue =           $2.2            $2.2

                              Revenue Total =           $2.2            $2.2
 ______________________________________________________________________________

                                    Nebraska
 ______________________________________________________________________________

 Approved a personal income tax credit for             -$2.1            $0.0
 "angel" investors.

 Adopted a $3.50 per bed assessment on                 $14.2           $14.4
 nursing facilities.

                                Tax Revenue =          $12.1           $14.4

 Raised the entry fee on state parks.                   $0.8            $1.2

 Changed the monthly sales tax due date from            $0.6            $0.6
 the 25th to the 20th of each month.

                            Non-Tax Revenue =           $0.6            $0.6

                              Revenue Total =          $12.7           $15.0
 ______________________________________________________________________________

                                     Nevada
 ______________________________________________________________________________

 Extended for another two years the temporary         $118.0**        $119.2**
 business tax for general businesses (all
 businesses except for financial businesses)
 that was scheduled to expire in 2011. No
 change in taxpayer liability.

 Extended for another two years the temporary          $29.9**         $30.1**
 business license fee of $200 per year that
 was scheduled to expire in 2011. No change
 in taxpayer liability.

 Extended for another two years the temporary         $139.3**        $143.5**
 sales tax increase for school support that
 was scheduled to expire in 2011. No change
 in taxpayer liability.

 Changed the way the net proceeds of minerals          $69.0             N/A
 tax payments are calculated.

 Removed and clarified certain expenses                $11.9           $11.9
 allowed as deductions from the net proceeds
 of minerals tax.

                                Tax Revenue =          $80.9           $11.9

                              Revenue Total =          $80.9           $11.9
 ______________________________________________________________________________

                                 New Hampshire
 ______________________________________________________________________________

 Made changes to the business profits tax              -$2.0           -$2.0
 reasonable compensation standards.

 Increased the maximum allowable net operating           N/A             N/A
 loss carryover credit against the business
 profits tax from $5 million to $10 million,
 effective July 1, 2013.

 Extended the carry-forward periods of the               N/A             N/A
 business enterprise tax credit from 5 years
 to 10 years, effective July 1, 2014.

 Approved a 10 cents reduction in the state's         -$11.2          -$11.2
 cigarette tax (dropping from $1.78 to $1.68).
 The legislature is assuming the tax reduction
 will be offset by increased sales. This
 action will expire on Aug. 1, 2013 if tobacco
 tax revenue for fiscal 2012-2013 are lower
 than tobacco tax revenue for fiscal 2010-2011.

 Repealed the 10 percent gambling winnings tax.        -$3.4           -$3.4
 The legislature believes that the
 corresponding increase in lottery sales will
 offset the revenue loss.

                            Tax Revenue =             -$16.6          -$16.6

                          Revenue Total =             -$16.6          -$16.6
 ______________________________________________________________________________

                                   New Jersey
 ______________________________________________________________________________

 Consolidated business income categories and          -$23.0          -$67.0
 increased carry-forward provision for a
 loss in personal income tax collections over
 a five-year phase-in period. The estimated
 revenue loss is $200 million by fiscal 2016.

 Modified the corporate income tax by going           -$24.0          -$39.0
 to a single sales factor over a five-year
 period.

 Modified changes to homestead property tax           $189.0**           N/A
 rebates for one year.

                                Tax Revenue =         -$47.0         -$106.0

                              Revenue Total =         -$47.0         -$106.0
 ______________________________________________________________________________

                                   New Mexico
 ______________________________________________________________________________

 Placed a $50 million cap on film production           $23.3           $22.0
 tax credits and staggered payment schedules
 over two or three years according to size
 of the credit.

 Approved a gross receipts tax deduction on             $0.0            $0.0
 locomotive fuel in exchange for construction
 of a new rail facility before 2013.

                                Tax Revenue =          $23.3           $22.0

                              Revenue Total =          $23.3           $22.0
 ______________________________________________________________________________

                                    New York
 ______________________________________________________________________________

 Let the temporary income tax surcharge            -$1,700.0       -$3,584.0
 (adopted in 2009) expire on Dec. 31, 2011,
 as planned. The rate on high-income earners
 goes from 8.97 percent to 6.85 percent.

 Extended the investment tax credit until               $0.0            $0.5**
 Oct. 1, 2015, for financial services firms
 (personal income tax filers). No change in
 taxpayer liability.

 Restructured personal income tax brackets            $516.5        $1,956.0
 beginning in years after 2011 and before
 2015. Tax rates in most tax brackets were
 reduced, although rates in the upper
 brackets increased from what they would
 have been after the temporary surcharge
 expired at the end of 2011, but lower
 than the previous temporary surcharge.

 Reduced the corporate franchise tax rate               $0.0          -$25.0
 by 50 percent for eligible manufacturers
 for tax years 2012 to 2015.

 Approved a tax credit program for                      $0.0          -$25.0
 employers who hire at-risk youth.
 Up to $25 million in tax credits may be
 allocated under this program.

 Adopted a measure to provide corporate                 $0.0          -$50.0
 income tax credits to businesses locating
 in areas of prison closures.

 Extended the investment tax credit until               $0.0          -$10.0**
 Oct. 1, 2015, for financial services firms
 (bank and corporate franchise tax filers).
 No change in taxpayer liability.

 Approved an additional $4 million annually             $0.0           -$4.0
 in available low income housing credits.

 Approved a sales tax exemption for clothing         -$300.0         -$300.0
 items under $55 until March 31, 2012, when
 the exemption amount goes up to $110.

 Exempted for one year alternative motor               -$0.8           -$1.6
 fuels from all fuel taxes (also includes
 sales taxes).

 Reduced the amount tobacco retailers pay               $0.0            $0.0
 to register from the current levels of
 $1,000, $2,500 and $5,000, depending on
 gross sales of the establishment down to a
 flat fee of $300. No fiscal impact due
 to a court injunction preventing collections.

                                Tax Revenue =      -$1,484.3       -$2,053.6

                              Revenue Total =      -$1,484.3       -$2,043.1
 ______________________________________________________________________________

                                 North Carolina
 ______________________________________________________________________________

 Decoupled from federal income tax code on             -$0.5           -$1.5
 depreciation schedule.

 Decoupled from federal income tax code on             -$0.1           -$4.0
 enhanced section 179 expensing.

 Let the temporary income tax surcharge expire.      -$172.1         -$174.2

 Adopted a small business income tax deduction.      -$131.6         -$335.6

 Approved an income tax credit for children            -$1.4           -$2.3
 with disabilities.

 Decoupled from federal corporate income tax           -$0.5           -$1.1
 code on depreciation schedule.

 Decoupled from federal corporate income tax           -$0.1            $4.0
 on section 179 expensing.

 Let the temporary corporate income tax               -$29.0          -$29.3
 surcharge expire.

 Let the 1 percent sales tax increase expire.        -$990.0
 The new rate is 4.75 percent.

 Raised the hospital tax.                              $43.0           $43.0

 Raised the tax on durable medical equipment.           $5.2            $6.0

 Raised the tax on mental healthcare providers.         $3.7            $4.2

 Raised the tax on nursing homes from 5.5              $31.2           $33.8
 percent to 6 percent.

 Raised the healthcare provider tax on                  $5.9            $6.5
 intermediate care facilities.

                                Tax Revenue =      -$1,236.3         -$450.5

 Raised various general court fees.                    $49.9           $49.9

 Adopted a $20 fee on additional civil                  $3.1            $3.1
 motions.

 Adopted new court fees for counter cross               $1.9            $1.9
 claims.

 Authorized a new misdeameanants fee.                  $19.1           $19.1

 Approved a new civil court process fee.                $3.3            $3.3

 Approved a new $50 fee for improper equipment         $12.4           $12.4
 violations.

 Raised the investment company notice filing            $1.6            $1.6
 fee.

 Raised the department of motor vehicles bulk           $5.1            $5.1
 data records fee.

 Raised ferry toll fees.                                $2.0            $2.5

                            Non-Tax Revenue =          $98.4           $98.9

                              Revenue Total =      -$1,137.9         -$351.6
 ______________________________________________________________________________

                                  North Dakota
 ______________________________________________________________________________

 Reduced the personal income tax rate by 17.9         -$60.0          -$60.0
 percent. The highest rate went from 4.80
 percent to 3.99 percent.

 Adopted a personal and corporate income tax           -$0.7           -$0.7
 credit for contributions to the housing
 incentive fund. This is a temporary credit
 that expires in two years.

 Reduced the corporate income tax rate by             -$12.5          -$12.5
 19.5 percent, lowering the top rate from
 6.4 percent to 5.15 percent.

 Reduced the corporate income tax rate for             -$1.1           -$1.1
 financial institutions by 7.1 percent.
 The highest rate went from 7 percent to
 6.5 percent.

 Allocated state funds to school districts
 for a $341.8 million local property tax
 reduction in the 2011-2013 biennium.

 Increased the retailer compensation                   -$0.9           -$0.9
 allowance for collecting sales taxes.

 Approved a new temporary exemption from               -$1.8           -$1.8
 the sales tax for tele-communications
 infrastructure equipment (expires December
 31, 2012).

                                Tax Revenue =         -$77.0          -$77.0

 Imposed a new motor vehicle temporary                  $1.6            $1.6
 registration requirement for workers while
 employed in North Dakota.

                                Non-Tax Revenue =       $1.6            $1.6

                                  Revenue Total =     -$75.4          -$75.4
 ______________________________________________________________________________

                                      Ohio
 ______________________________________________________________________________

 Approved a small business investment credit            $0.0            $0.0
 against the personal income tax. There is a
 two year holding period required to claim
 the credit so the initial revenue loss will
 be in fiscal 2014.

 Conformed state personal income tax base to          -$24.7          -$11.6
 the federal tax base.

 Resumed phasing-in personal income tax rate         -$495.0         -$527.0
 cut (the reduction was delayed in 2010).
 The nine bracket rates previously ranged
 from 0.618 percent to 6.240 percent and
 changed to 0.587 percent to 5.925 percent.

 Expanded existing job retention tax credit.          -$25.0          -$25.0

 Extended the historic preservation tax                 $0.0     No estimate
 credit. No change in taxpayer liability.

 Exempted uranium enrichment facility            No estimate     No estimate
 transactions from the commercial activity
 tax.

 Exempted equipment used in a computer data      No estimate     No estimate
 center from the sales tax.

 Reduced the nursing home and hospital                -$13.0          -$11.8
 long-term care unit franchise permit fee
 from $11.95 per bed per day to $11.47 per
 bed per day.

 Raised the franchise permit fee on                     $7.3           $10.3
 intermediate care facilities for the
 mentally retarded from $13.55 per bed per
 day to $17.99 per bed per day.

 Raised the hospital assessment from 1.38             $250.9          $251.6
 percent of total facility costs to 2.8
 percent of total facility costs.

 Eliminated the state estate tax for deaths             $0.0            $0.0
 after Jan. 1, 2013.

                                Tax Revenue =        -$299.5         -$313.5

 Approved two separate tax amnesty programs            $36.0          -$12.0
 to run from May 1, 2012, to June 15, 2012.
 One is a general tax amnesty and the other
 is a more generous use tax amnesty. The
 Ohio Department of Taxation expects the
 general fund to pick up a net $36 million
 in fiscal 2012 from the amnesties, and to
 lose $12 million in fiscal 2013.

 Reduced the county developmental disability           -$3.3           -$3.7
 board fee for home and community based
 Medicaid services to the developmentally
 impaired. The rate went from 1.5 percent
 to 1.25 percent of all paid claims.

                            Non-Tax Revenue =          $32.7          -$15.7

                              Revenue Total =        -$266.8         -$329.2
 ______________________________________________________________________________

                                    Oklahoma
 ______________________________________________________________________________

 Reinstated a corporate income tax credit              -$5.9             N/A
 for aerospace employment.

 Approved a new hospital assessment of                $152.0          $152.0
 2.5 percent of net patient revenue to
 offset Medicaid payments.

 Reduced the annual tax on coin-operated               -$0.6           -$4.1
 vending machine decals.

                                Tax Revenue =         $145.5          $147.9

 Took action to improve business tax                    $4.9            $4.9
 compliance with enhanced audit efforts.

 Took action to improve sales tax compliance           $13.4             N/A
 through expanded show cause hearings.

 Took action to improve sales tax compliance            $4.0            $4.0
 through increased audits.

                                Non-Tax Revenue =      $22.3            $8.9

                                  Revenue Total =     $167.8          $156.8
 ______________________________________________________________________________

                                     Oregon
 ______________________________________________________________________________

 Conformed to federal bonus depreciation,             -$47.0           -$6.0
 which impacts personal income taxes.

 Extended the film and video income tax                 $0.0           -$6.2**
 credit for five years. No change in
 taxpayer liability.

 Conformed to federal bonus depreciation,             -$33.0           -$7.0
 which impacts corporate income taxes.

 Reduced the business energy tax credit.                $4.5            $5.0

 Extended the biomass collectors and                    $0.0           -$3.9**
 producers corporate income tax credit for
 another five years. No change in taxpayer
 liability.

 Increased the tax rate on hospital providers         $214.0          $232.0
 from 2.32 percent to 4.4 percent.

 Increased the tax on alcoholic beverages by           $14.0           $15.0
 imposing a 50 cents per bottle spirits
 surcharge for two years.

                                Tax Revenue =         $152.5          $235.1

 Increased civil court fees.                           $10.0           $12.0

 Increased criminal court fees.                        $13.0           $20.0

 Approved a tuition increase of 6.5 percent           $101.0          $105.0
 to 8 percent.

                                Non-Tax Revenue =     $124.0          $137.0

                                  Revenue Total =     $276.5          $372.1
 ______________________________________________________________________________

                                  Pennsylvania
 ______________________________________________________________________________

 Accelerated sales and use tax collection               N/A              N/A
 schedule from monthly to semi-monthly as a
 result of previous legislation. New
 legislation in 2011 reverted the collection
 schedule back to monthly so the semi-monthly
 schedule was only in effect for June 2011 and
 generated $250 million for fiscal 2011.

                                Non-Tax Revenue =       $0.0            $0.0

                                  Revenue Total =       $0.0            $0.0
 ______________________________________________________________________________

                                  Rhode Island
 ______________________________________________________________________________

 Extended the minimum income tax to limited             $0.8            $1.6
 partnerships and limited liability
 partnerships.

 Imposed the state sales tax on:

 o Purchases of non-prescription drugs.                 $8.6           $11.9

 o Prewritten downloaded software.                      $6.7            $9.2

 o Travel and tour company products.                    $1.1            $1.5

 o Insurance proceeds for vehicles.                     $0.8            $1.1

 Modified the hospital licensing fee.                   $2.2             N/A

 Raised assorted miscellaneous taxes.                   $2.2            $2.2

                                Tax Revenue =          $22.4           $27.5

 Raised beach fees.                                     $1.5            $1.5

                            Non-Tax Revenue =           $1.5            $1.5

                              Revenue Total =          $23.9           $29.0
 ______________________________________________________________________________

                                 South Carolina
 ______________________________________________________________________________

 Conformed state personal income taxes to               $6.3     No estimate
 federal code.

 Approved a property tax exemption equal to           -$11.2**         $11.2**
 25 percent of the fair market value of an
 assessable transfer of interest in real
 commercial property.

 Phased out over three years the sales tax             -$0.8           -$0.7
 on the sale of durable medical equipment
 paid directly by funds under Medicare and
 Medicaid programs. The rate goes from 5.5
 percent to 3.5 percent in fiscal 2012, from
 3.5 percent to 1.75 percent in fiscal 2013
 and from 1.75 percent to zero in fiscal 2014.
 When fully implemented the cost will be $2.2
 million.

                                Tax Revenue =           $5.5           -$0.7

                              Revenue Total =           $5.5           -$0.7
 ______________________________________________________________________________

                                  South Dakota
 ______________________________________________________________________________

 Extended the sunset of the temporary 0.5               $3.2**          $3.2**
 percent tourism tax increase for another
 two years. No change in taxpayer liability.

                                Tax Revenue =           $0.0            $0.0

 Raised motor vehicle registration fees.               $18.1             N/A
 Additional revenue is for local governments.

                                Non-Tax Revenue =      $18.1            $0.0

                                  Revenue Total =      $18.1            $0.0
 ______________________________________________________________________________

                                   Tennessee
 ______________________________________________________________________________

 Increased the personal income tax exemption             N/A           -$1.0
 for taxpayers over age 65.

 Approved a measure that removes the                   -$1.0           -$1.0
 headquarters facility credit if the capital
 investment is $50 million or more, but does
 not create jobs.

 Allowed existing headquarter facilities in            -$1.0           -$1.0
 the state to qualify for the headquarter
 facility relocation expense credit.

 Removed the property tax on stocks for                -$1.0           -$1.0
 certain (loan, investment and cemetery)
 companies and re-allocated the excise tax.

 Approved a sales tax credit for disaster              -$9.0             N/A
 restoration projects.

 Extended the hospital assessment fee for             $450.0**           N/A
 another year to generate another $450
 million. No change in taxpayer liability.

                                Tax Revenue =         -$12.0           -$4.0

 Imposed new driver's license revocation fees.         $11.8           $11.0

                                Non-Tax Revenue =      $11.8           $11.8

                                  Revenue Total =      -$0.2            $7.8
 ______________________________________________________________________________

                                     Texas
 ______________________________________________________________________________

 Extended the small business (gross receipts          -$73.9**        -$76.0**
 under $1 million) tax exemption. No change
 in taxpayer liability.

 Extended the franchise tax credit                     -$3.4**         -$3.4**
 carry-forward for another two years. No
 change in taxpayer liability.

 Created a new business tax exemption for              -$1.2           -$1.2
 couriers and concert promoters.

 Lawmakers approved legislation to clarify             $75.0**         $75.0**
 a court decision that continues the practice
 of imposing sales tax on items that are to be
 resold to exempt entities. No change in
 taxpayer liability.

 Expanded the definition of nexus for sales            $6.0            $10.0
 tax collections.

 Started to phase-out economic development             $0.0            $10.0
 refunds for sales and business taxes.

 Reduced the cigarette tax stamping discount           $5.4             $6.2
 by one-half percent. The rate goes from 3
 percent to 2.5 percent.

 Eliminated the insurance tax credit for exam          $0.0             $7.2
 fees.

 Created a property tax exemption for the              $0.0            -$1.1**
 surviving spouse of a disabled veteran.

                                Tax Revenue =         $10.2            $32.2

 Raised the automobile burglary/theft                  $15.0           $15.0
 prevention authority fee by $1 to $2
 per car.

 Raised the correctional managed care fee               $5.7            $4.2
 from $3 to $100.

 Approved a new $25 annual fee on all                  $11.2           $11.9
 non-TANF cases related to child support
 payments.

 Raised additional fees related to animal               $5.8            $5.8
 health.

 Raised the administrative fees on imported             $4.0            $4.0
 alcoholic beverages for personal
 consumption from 50 cents to $3.00.

 Raised certain insurance fees.                         $3.0            $3.3

 Raised oil and gas regulation fees.                    $2.9            $3.0

 Raised the fee for the electronic filing of            $2.0            $2.0
 documents.

 Increased the charge from $1.60 to $2.10 for           $1.4            $1.5
 each export stamp.

 Raised the fee imposed on bingo operators.             $1.3            $1.3

 Raised the fees on exams related to nursing.           $1.2            $1.2

 Imposed a new $3 monthly processing fee on             $1.0            $1.0
 child support payments processed by the state.

 Accelerated by one month (from September to            $0.0          $277.7
 August) the collection schedule in fiscal
 2013 for unclaimed property.

 Accelerated by one month (from September to            $0.0          $231.2
 August) the collection schedule in fiscal
 2013 for sales taxes.

 Accelerated by one month (from September to            $0.0           $67.2
 August) the collection schedule in fiscal
 2013 for motor fuels taxes.

 Adopted a new $50 penalty for failure to               $4.4            $8.8
 remit taxes or fees.

                            Non-Tax Revenue =          $58.9          $639.1

                              Revenue Total =          $69.1          $671.3
 ______________________________________________________________________________

                                      Utah
 ______________________________________________________________________________

 Approved a package of corporate income tax            -$1.3     No estimate
 credits to promote development in technology
 and the life science industry.

 Extended, on a one-time basis, certain                -$2.1**   No estimate
 recycling market development zone tax credits
 and carry-forward provisions. No change in
 taxpayer liability.

 Raised the tax credit incentive granted to            -$6.8           -$6.8
 film companies from 20 percent to 25 percent
 and extended another film tax credit.

 Raised the health provider assessment from             $1.9            $1.9
 4.6 percent to 5.1 percent on long-term care
 facilities.

                                Tax Revenue =          -$6.2           -$4.9

 Increased tuition at state universities (not            N/A             N/A
 a legislative action).

                            Non-Tax Revenue =           $0.0            $0.0

                              Revenue Total =          -$6.2           -$4.9
 ______________________________________________________________________________

                                    Vermont
 ______________________________________________________________________________

 Raised the hospital assessment tax rate from           $8.9             N/A
 5.5 percent to 5.9 percent.

 Raised the nursing home assessment from                $2.8             N/A
 $3,962.66 per bed to $4,919.93 per bed.

 Raised the healthcare claims assessment.              $12.5             N/A

 Raised the cigarette tax from $2.24 per pack           $4.6             N/A
 to $2.62 per pack.

                                Tax Revenue =          $28.8            $0.0

                              Revenue Total =          $28.8            $0.0
 ______________________________________________________________________________

                                    Virginia
 ______________________________________________________________________________

 Delayed a federal conformity decision until             N/A             N/A
 the 2012 session regarding a temporary
 increase in the EITC pass-through and a
 revenue loss of $6.2 million. The increased
 pass-through has been approved for two of
 the three allowable years, with decisions
 being made one year at a time.

 Approved additional federal conformity                 $4.3           $15.7
 provisions to the personal income tax.

 Expanded the long-term care insurance tax               N/A           -$1.2
 credit from 15 percent of premiums costs to
 30 percent of premium costs provided the
 measure is re-enacted in the 2012 legislative
 session.

 Adopted several federal corporate income tax         -$12.5           $19.1
 conformity measures.

 Expanded a federal conformity measure related          $7.4            $7.5
 to cancellation of debt income (CODI) that
 allows for a delay of tax liability (moves
 $14.9 million in tax liability from fiscal
 2011 to fiscal 2012 and fiscal 2013).

 Approved temporary (five-year) port tax               -$5.0           -$5.0
 credits.

 Approved temporary (five-year) research and           -$5.0           -$5.0
 development tax credits.

 Approved a new corporate income tax credit             $0.0           -$1.0
 for tele-work expenses.

 Implemented a 5.5 percent assessment on               $17.0           $17.0
 healthcare providers of Intermediate Care
 Facility for the Mentally Retarded (ICF-MR)
 services.

 Expanded the insurance premiums tax                    $0.0           -$5.4
 retaliatory cost tax credit.

                                Tax Revenue =           $6.2           $41.7

 Eliminated the increase in annual food                -$4.2           -$4.2
 establishment permit fees.

 Began a phased reversal of June accelerated     No estimate     No estimate
 sales tax payments earlier than required,
 which eliminates acceleration for about 80
 percent of affected merchants. fiscal 2011
 revenue loss will be $45.7 and fiscal 2012,
 and fiscal 2013 will be reduced according
 to the approved schedule for the remaining
 phase-out.

                                Non-Tax Revenue =      -$4.2           -$4.2

                                  Revenue Total =       $2.0           $37.5
 ______________________________________________________________________________

                                   Washington
 ______________________________________________________________________________

 Approved a business and occupation tax                -$0.7           -$1.1
 deduction for government funded child
 welfare services.

                                Tax Revenue =          -$0.7           -$1.1

 Adopted a 25 cents surcharge on ferry fares.           $2.7            $3.9

 Extended temporary surcharges on court filing          $4.5**          $4.5**
 fees. No change in taxpayer liability.

 Raised hunting and fishing fees.                       $2.0            $2.0

 Adopted a new nursing home safety net                 $17.2           $22.2
 assessment fee.

 Raised the adult family home licensing fee             $1.1            $1.8
 from $100 per facility to $327 per bed.

 Raised the price of the Discover Washington           $34.6           $34.1
 Pass for access to recreational state lands.

 Held a tax amnesty from Feb. 1, 2011, to                N/A             N/A
 April 30, 2011, and  collected $263 million
 -- well above the original estimate of $25
 million.

                            Non-Tax Revenue =          $57.6           $64.0

                              Revenue Total =          $56.9           $62.9
 ______________________________________________________________________________

                                 West Virginia
 ______________________________________________________________________________

 Adopted a personal income tax measure to              -$9.3            $0.0
 conform with the federal tax code.

 Adopted a corporate income tax measure to            -$10.0           $10.0
 conform with the federal tax code.

 Raised the aggregate tax credit for                   -$3.0           -$3.0
 neighborhood investment to $3 million
 annually.

 Approved the Marcellus Gas and Manufacturing          -$0.5         Unknown
 Act of 2011 to encourage and facilitate the
 development of oil and gas wells in the state.
 This measure provides for a credit against
 the personal income, corporate income and
 business franchise tax. It also created an
 alternative fuel infrastructure tax credit
 and extended the existing tax credit on
 alternative fuel vehicles.

 Reduced the sales tax rate from 3 percent to         -$50.0          -$50.0
 2 percent on food for human consumption.

 Created a new sales tax exemption for               Unknown         Unknown
 qualified purchases of equipment, materials
 and personal property for new or expanded
 warehouse or distribution facilities that
 invest more than $50 million and provide at
 least 300 full time jobs.

 Imposed a new tax of 0.88 percent on the              $27.2           $27.2
 gross receipts of certain acute care
 hospitals.

 The Marcellus Gas and Manufacturing Act of          Unknown**       Unknown**
 2011 contained a property tax provision that
 reduces property valuation for capital
 additions to manufacturing facilities.

                                Tax Revenue =         -$45.6          -$15.8

                              Revenue Total =         -$45.6          -$15.8
 ______________________________________________________________________________

                                   Wisconsin
 ______________________________________________________________________________

 Conformed the personal income tax to federal         -$21.2          -$28.0
 health savings account provisions.

 Provided for a personal income tax deferral          -$16.1          -$20.2
 for capital gains income that is reinvested
 in a qualified Wisconsin-based business
 within 180 days.

 Authorized a personal income tax exclusion             $0.0            $0.0
 for capital gains from the sale of a
 Wisconsin capital asset that was purchased
 after Dec. 31, 2010, and held for at least
 five years. No fiscal impact until 2016.
 When fully phased-in, the cost is estimated
 at $79.4 million.

 Reduced the percentages used to calculate             $27.3           $28.9
 the state EITC from 14 percent of the federal
 credit for families with two children to 11
 percent, and from 43 percent to 34 percent
 for families with three or more children.
 The law maintains the state credit percentage
 at 4 percent of the federal credit for
 families with one child.

 Resumed phasing in income tax deductions for         -$14.9          -$36.1
 health insurance premiums. (This deduction
 was delayed in 2009 for two years.)

 Continued phasing in income tax deductions            -$5.7          -$10.2
 for child care costs. (This deduction was
 delayed in 2009 for two years).

 Approved a corporate income tax deduction            -$33.5          -$33.5
 of $4,000 per new full-time employee hired
 for businesses with $5 million or less of
 gross receipts or $2,000 per new employee
 hired for larger businesses.

 Approved a domestic production credit                  $0.0          -$10.1
 against the corporate income tax for income
 derived from manufacturing or agricultural
 property located in the state. Effective in
 tax year 2013 and expected to cost $128.7
 million annually when fully phased in.

 Allowed members of combined groups to share           -$9.2          -$37.2
 business loss carry-forwards incurred before
 2009 with other members by allowing 5
 percent of the loss to be shared each year
 for 20 years.

 Increased the aggregate amount of economic             $0.0            $0.0
 development zone credits that may be claimed
 in all years by $25 million (from $73.1
 million to $98.1 million). The revenue loss
 is estimated at $6.25 million annually in
 fiscal 2015 through fiscal 2018.

 Extended the 10 percent credit for                     $0.0           -$1.6**
 investments in dairy of livestock farms for
 another five years. No change in taxpayer
 liability.

 Increased the number of enterprise zones from          $0.0           $14.5
 12 to 20.

 Reauthorized property tax levy limits on             -$46.1**        -$78.7**
 counties and municipalities.

                                Tax Revenue =         -$73.3         -$160.9

 Raised tuition for University of                      $37.5           $37.5
 Wisconsin-Madison by 5.5 percent.

                            Non-Tax Revenue =          $37.5           $37.5

                              Revenue Total =         -$35.8         -$123.4
 ______________________________________________________________________________

                                    Wyoming
 ______________________________________________________________________________

 Accelerated by one month (from September to            $0.0           $17.6
 August) the collection schedule in fiscal
 2013 for alcoholic beverages taxes.

                            Non-Tax Revenue =           $0.0           $17.6

                              Revenue Total =           $0.0           $17.6

FOOTNOTE

1 The nine states with net tax cuts greater than 1 percent are California, Iowa, Maine, Michigan, New York, North Carolina, North Dakota, Ohio and West Virginia. The nine states with net increases of more than 1 percent are Connecticut, Hawaii, Illinois, Indiana, Maryland, Nevada, Oklahoma, Oregon and Vermont.

END OF FOOTNOTE


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