The Illinois Lesson: Revenue Gimmicks, Reneged Promises, Undermine the Goodwill Necessary for Functioning Tax System

Daily Tax Report: State provides authoritative coverage of state and local tax developments across the 50 U.S. states and the District of Columbia, tracking legislative and regulatory updates,...

States desperate to increase revenues by denying refunds, imposing unfair penalties, or otherwise refusing to honor credits or incentives already promised are generating funds at the cost of the public trust, according to author Michael J. Wynne, who argues that such tactics can only backfire in the long run.

This article is available to subscribers of the Weekly State Tax Report. For more information or to take a trial to the report, click here.