Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Tax trends: meals & rentals, real estate transfer, tobacco and business taxes outline revenue pressure for FY25 — DRA
Summary
Lindsey Stepp, commissioner of the Department of Revenue Administration (DRA), briefed Ways and Means members on how major taxes performed through the first half of fiscal 2025 and on structural issues that will affect revenue estimation and the committee’s work.
Lede: Lindsey Stepp, commissioner of the Department of Revenue Administration (DRA), briefed Ways and Means members on how major taxes performed through the first half of fiscal 2025 and on structural issues that will affect revenue estimation and the committee’s work.
Nut graf: Stepp walked the committee through the mechanics and recent trends for the meals & rentals tax, real estate transfer (RETT) tax, tobacco and e‑cigarette taxes, communication services tax, utility property tax, and the business enterprise and business profits taxes. Stepp stressed that business taxes are the largest and most volatile revenue source and that timing of filings and estimates complicates short‑term forecasting.
Bo…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
