Unused Tax Credits Are ‘Wild Card’ in State Budget

Unused tax credits have created a big cloud over future state revenue collections, and officials say they can’t predict with certainty when or even if a storm might strike.

State Gives Income Tax Breaks to Companies That Pay No Tax

Some state lawmakers are justifying their decision to curtail a tax credit for the working poor by declaring the state shouldn’t subsidize people who owe no income taxes. But several state tax breaks essentially do the same thing for businesses.