For voters in several states, this election was not just about choosing a president and members of Congress. It also was a time to weigh in on ballot questions that could raise taxes in their states. Ballot questions are not unusual, but this year with states struggling to raise revenues because of the economic impact of the COVID-19 pandemic, many focused on raising tax revenues. The taxes raised aim to help fund schools as well as veteran, drug addiction and other programs and to build up general coffers. Check out the slideshow above, based on information from the Tax Foundation, Ballotpedia and other sources, to learn about tax questions on the ballot this year — questions that could affect your own clients — and if they passed or were defeated. --- Related on ThinkAdvisor:
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Year-end 2024 Tax Topics Checklist