Wealth Taxes Still Have a Chance in States, Lawmaker Says

The week in state tax news: Wealth tax proponents may not have achieved their legislative goals in 2023, but they still see opportunities. Meanwhile, revenue agencies in the Northeast grapple with ongoing shortages of auditors, California enacts the first state excise tax on firearms, Massachusetts lawmakers finally pass a $1 billion tax-cutting bill, and a Tennessee court settles the question of whether a horse-drawn carriage should be taxed as a mode of transportation or an amusement.

Reports that state wealth taxes may be slain by the US Supreme Court are greatly exaggerated, according to at least one lawmaker involved in ...