Eighteen US states have cut taxes in the 2013 legislative year, reflecting an emphasis, following the recession, on pro-growth reforms that encourage economic expansion and competition, according to a new report by the Center for State Fiscal Reform of the American Legislative Exchange Council (ALEC).
ALEC has noted that, of the 18 states that have cut taxes during the year, some states have enacted fundamental tax reform, while others have only slightly modified their tax code. There were 25 cuts in specific tax categories, with nearly one quarter being to personal income tax, followed by reductions to various state specific taxes and to the corporate income tax. Sales tax reductions were, however, found to be the least enacted form of tax cuts this year.
ALEC lists the states that cut taxes significantly during the 2013 legislative year as Alaska, Arkansas, Florida, Idaho, Indiana, Iowa, Kansas, Mississippi, Montana, Nebraska, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Tennessee, Texas and Wisconsin.
