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Governors Promise Tax Cuts Ahead of November Election Bids (1)

Jan. 14, 2022, 6:51 PMUpdated: Jan. 15, 2022, 2:48 PM

This week in state tax news: Governors from a half-dozen states used promises of tax cuts this week to position themselves for reelection in November. Meanwhile, an unusual agreement between two California towns to share local sales tax revenue cuts a retailer out of the mix, and West Virginia enacted a new credit program to lure a massive industrial investment to the state.

From California to New Jersey, it was a big week for governors to promise tax cuts, credits, exemptions, rebates, and refunds from revenue surpluses accrued during the previous fiscal year. The promises came during state of ...

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