While the Big Beautiful budget bill recently enacted into law has a multiplicity of good, bad, and benign features, the law’s biggest and most beautiful feature is the continuation of the ...

On the first day of 2025, Louisiana moves from a graduated income tax with a bottom rate of 1.85% and a top rate of 4.25%, to a 3% flat income tax in accordance with legislation enacted by ...

Even though voters rejected this proposal just a few years ago, the graduated income tax refuses to die in Springfield. It’s the same playbook as before. Step 1: Change the state constitution.

Nebraska's income tax rate was cut to 5.2%, down from 5.84% last year. New Mexico will retain its graduated income tax rate, with two of its six income brackets seeing a decrease in 2025.

On Nov. 3, the voters of Illinois have the opportunity to join 32 other states and the federal government in allowing graduated tax rates on income by approving the “Illinois ...

Currently, Louisiana uses graduated income tax brackets that max out at 4.25% for individuals and 7.5% for corporations. House Bill 1 would also establish a much higher $12,500 standard deduction ...

Louisiana is also moving to a flat rate from a graduated income tax system, with a flat rate of 3% this year, down from a top rate of 4.25% in 2024. Those in the state's largest income bracket ...