Three States Cut Rates in 2004, While Two Raised Them

Johnson, Matthew
February 2005
Bond Buyer;2/9/2005, Vol. 351 Issue 32067, p6
Trade Publication
Reports that five states in the United States made changes to their income tax codes in 2004, all of which were overseen by first-term Democratic Party-affiliated governors. States that reduced tax rates for 2004; States that raised tax rates for 2004; Move by the state of Nebraska to raise the amount of income necessary to qualify for one of the add-on rates for its top tax bracket; States that were able to augment their tax revenues by raising sales and tobacco taxes.


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