Some states, still facing tight budgets after years of recession and slow recovery, are turning to tax increases to make up for the shortfalls. In some states, you’ll soon pay more for Gucci bags and other luxury goods. In others, soft drinks, cigarettes, gasoline and live entertainment will cost more.
Pay attention even if your state isn’t on this list. Some of the taxes are aimed at tourists and motorists passing through the states. And many other states may follow suit with similar tax hikes if these states’ efforts prove successful at raising revenues without upsetting voters.
The tax increases may come as a surprise, since there are more pro-business, antitax Republicans in state legislatures than at any point since 1920.
To learn more about the specific increases in Connecticut, Georgia, Idaho, Iowa, Kansas, Nebraska, Nevada, South Dakota, Utah and Vermont, click below.