States have taken two different paths in response to falling revenue from corporate tax collections.On the one hand, some states have focused on lowering corporate taxes or at least changing them to make themselves more attractive for investment. At least five states have debated bills to reduce corporate tax rates in 2005, while dozens of others have introduced bills that shift corporate taxes away from the property and employees of corporations, and onto the customers of corporations.
On the other hand, some states are trying to shore up declining corporate tax collections by attempting to tax more companies with only tenuous connections to states, or by requiring combined reporting of income that typically boosts companies' tax liabilities, according to Tax Foundation staff attorney Chris Atkins.
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