Weekly Round-Up: Property Tax Reform Takes Center Stage in 2015 Legislative Sessions

Using the momentum from recent victories, Gov. Ottor (R-Idaho), Gov. Branstad (R-Iowa), Gov. LePage (R- Me.), Gov. Dayton (D- Minn.) and Gov. Walker (R-Wis.) all made promises to continue to reform property taxes in their state of the state or inaugural addresses, Bloomberg BNA State Tax Law Editor Radha Mohan writes in this week’s issue of the Bloomberg BNA Weekly State Tax Report.

There are also indications that property tax relief will be a major issue in the 2015 legislative session in Indiana, Nebraska, New York and Texas, she writes.

Mohan’s article, which can be read in its entirety here, provides a closer look at the states in which property tax relief will be a major issue in the 2015 legislative session.

Some notable developments from the State Tax Developments Tracker – Bloomberg BNA’s new tool for monitoring important developments in all the states:

Connecticut Department of Revenue Services Issues Circular on Withholding Requirements

Illinois Department of Revenue Informational Bulletin Summarizes Income Tax Changes for 2014

North Carolina Releases Information on Impact of Federal Tax Increase Prevention Act of 2014

For more information about this and other state tax issues, sign up for a free trial of the Bloomberg BNA Premier State Tax Library.

In other developments…

2015 State of the State Address Dates & Speech Text, by the National Association of State Budget Officers

Puerto Rican government proposes to enact a new value add tax regime in 2015, by PwC

State Tax Reform Talks Heating Up; Maine, Nebraska, Texas Lead Pack, by the Tax Foundation

Compiled by Priya D. Nair

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