The Institute on Taxation and Economic Policy
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Property Tax Reforms Can Bring Racial Justice
February 19, 2026 • By Brakeyshia Samms
Homes in Black neighborhoods are more likely to be over-assessed for tax purposes while being undervalued by private appraisers.
It’s Time for States to Jettison Nonsensical FDDEI Deductions
February 19, 2026 • By Carl Davis
States often link their tax laws to the federal code in significant ways. Many of these links are justified and can simplify tax administration for both taxpayers and state officials. But in other cases, something can get lost in translation, and states end up copying federal provisions that just don’t…
State Rundown 2/19: Necktie (NCTI) Offers a Way Out of a Knotty Situation
February 19, 2026 • By ITEP Staff
State lawmakers are grappling with a range of challenges as their fiscal outlooks deteriorate, federal tax enforcement wanes (after the Trump administration cut the IRS workforce by 25 percent), and a rewritten federal tax code sends states scrambling to decide what changes they might want to make in their own…
Palantir Pays Zero Federal Income Tax Despite Explosive Growth, Largely Due to Trump Tax Law
February 17, 2026 • By Matthew Gardner
Palantir reported $1.5 billion of U.S. income but paid exactly zero federal income tax in 2025. Despite explosive growth, tax breaks from the Trump tax law helped Palantir avoid paying even a dime of federal income tax on its earnings.
Michigan Ballot Proposal Would Boost Public Education While Creating a Fairer Tax System
February 17, 2026 • By Miles Trinidad, Matthew Gardner
A new proposal in Michigan would create a 5-percentage point surcharge on top earners with taxable incomes over $1 million for joint filers and $500,000 for single filers. This would raise about $1.7 billion a year, which would be used for public education priorities.
ITEP in the News
Audio: ITEP's Kamolika Das on the Need for States to Raise Revenue in the Wake of 2025 Trump Tax Law
Business Insider: Mamdani Says if the State Won’t Tax the Wealthiest New Yorkers, He’d Have To Tax the Middle Class as a ‘Last Resort’
KCUR: Eliminating Missouri’s Income Tax Could Actually Cost You More — Unless You’re Rich
Thomson Reuters: OBBB Put Pressure on States to Raise Revenues, Analysts Say
The Hill: Want ‘Affordability?’ Start by Retooling Your State’s Regressive Tax System.
ITEP Work in Action
Massachusetts Budget & Policy Center: Testimony Regarding an Act To Manage Federal Tax Changes in Massachusetts
Economic Policy Institute: Everything You Need To Know About “No Tax on Overtime”
The Cascadia Advocate: Five More Claims Against the Million-Dollar Earners’ Tax That Don’t Check Out: Debunking Republicans’ Opposition to SB 6346
Mackinac Center: Lawmakers Should Reject Sales Tax Holidays
Economic Policy Institute: Everything You Need To Know About “No Tax on Tips”
Across the States
Tax Watch
State Tax Watch 2026
ITEP tracks tax discussions in legislatures across the country and uses our unique data capacity to analyze the revenue, distributional, and racial and ethnic impacts of many of these proposals. State Tax Watch offers the latest news and movement from each state.
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Learn more about state taxes across the country, read Who Pays?
State Rundown & On the Map
On the Map
State Rundown 2/19: Necktie (NCTI) Offers a Way Out of a Knotty Situation
State lawmakers are grappling with a range of challenges as their fiscal outlooks deteriorate, federal tax enforcement wanes (after the Trump administration cut the IRS…
Taxes on Adult-Use Cannabis in Each State
Twenty-three states have legalized the sale of cannabis for general adult use. Every state allowing legal sales applies an excise tax to cannabis based on…
State & Local Tax Policy
Property Tax Reforms Can Bring Racial Justice
February 19, 2026 • By Brakeyshia Samms
It’s Time for States to Jettison Nonsensical FDDEI Deductions
February 19, 2026 • By Carl Davis
Michigan Ballot Proposal Would Boost Public Education While Creating a Fairer Tax System
February 17, 2026 • By Matthew Gardner, Miles Trinidad
NCTI is an Important Part of the Federal Corporate Tax. States Should Adopt It Too.
February 12, 2026 • By Carl Davis
