States have long relied on tax revenues to fuel their budgets. However, those revenues were unexpectedly stretched thin in 2020 when the government shut down large parts of the economy to stop the spread of COVID-19. While many state budgets have fared better since then, state leaders have been closely examining existing tax policies and considering changes to mitigate any shortfalls.
To better understand the fiscal situation in each state and the state policies under consideration, Urban-Brookings Tax Policy Center, funded by Avalara, conducted a survey of state government officials. Watch this webinar to hear some of the key takeaways from the survey, including a detailed look at revenue growth (or decline) by state and an overview of the potential shifts in tax policy that may impact business.
You'll want to check out this overview of the state of state taxes as the pandemic continues to influence our economy for the foreseeable future.
Scott Peterson is Avalara’s Vice President of U.S. Tax Policy and Government Relations. Prior to Avalara, he was the first Executive Director of the Streamlined Sales Tax Governing Board—an organization devoted to making sales tax more straightforward and more uniform for the benefit of businesses. Scott also spent 10 years as the Director of the South Dakota Sales Tax Division and 12 years providing research and legal writing for the South Dakota Legislature.