States Begin New Fiscal Year Following Many Tax Changes July 13, 2009 TF Staff TF Staff As a number of states continue negotiating their 2009-2010 budgets nearly two weeks into the new fiscal year, a Tax Foundation study demonstrates that tax hikes are the minority – not the norm – in state capitols around the country. Although seven states increased personal income tax rates – with a particular focus on high-income filers – three states reduced their rates. In addition to individual income taxes, sales and excise taxes were popular targets for change in 2009. Read the new Tax Foundation Fiscal Fact. Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics Center for State Tax Policy Excise Taxes Individual Income and Payroll Taxes Sales Taxes Tags State Tax and Spending Policy
