Latest in Taxes

After Gov. Ferguson said he would veto a “wealth tax,” Democratic legislators proposed expanding capital gains, business and property taxes.

On February ballots, prop 1A would produce $50M a year from an “excess wealth” tax on businesses. Prop 1B would draw $10M a year from the Jumpstart tax.

The Jumpstart tax was originally intended to raise funds for housing and climate projects. Now the door is open for the city to spend it freely.

Cathy Moore proposed the 2% tax to protect housing and food assistance programs, based on the statewide model 63% of voters opted to keep this election.

Supporters argue the $1.55B property tax will improve city streets and safety for all modes, while opponents say it’s far too expensive.

Mayor Harrell has proposed redirecting more than half the 2025 Jumpstart revenue to balance the city budget. But how has it been spent in the past?

The measure proposes a 5% “excess compensation” tax on companies for each employee with a salary over $1M to help fund permanently subsidized housing.

The property tax would pay for road repaving, bridge repair, bike lanes and sidewalks. Advocates say it should do more.

GOP-backed Let’s Go Washington is seeking to put the carbon capture law, police pursuit regulations, a capital gains tax repeal and more up for vote in November.

The long-term care tax program has already stoked controversy, with critics saying the $36,500 benefit is too small to be meaningful.

The city’s “Revenue Stabilization Workgroup” was tasked with crafting progressive taxes. Here’s what they came up with.

A small part of the American Rescue Plan provides direct, flexible dollars to compensate for untaxable national parks or other federally owned lands.

The 7-2 decision, which reverses a lower court ruling, is the latest development in nearly a century of fights over how to structure the state tax system.

States without income tax lean on inequitable sales and consumption revenues.