Yet, as active as 2021 has been when it comes to state legislation that cuts state income taxes, 2022 is already shaping up to be just as eventful and possibly even busier. Residents of three states, in fact, are already slated to receive income tax relief in 2022 thanks to state laws that automatically trigger it.
Two of these three states, Oregon and Colorado, are controlled by Democrats. The other, Indiana, is governed by Republicans. These three states have achieved budget surpluses and reserves so large that automatic tax relief is triggered under existing state law in 2022, sans any action taken by the legislature.
