Nine states have enacted individual income tax rate reductions
- Iowa: Reduced its top rate from 5.70% to 3.80%
- Louisiana: Lowered its rate from 4.25% to 3.00%
- Indiana: Decreased from 3.05% to 3.00%
- Mississippi: Reduced from 4.70% to 4.40%
- Missouri: Lowered from 4.80% to 4.70%
- Nebraska: Decreased from 5.84% to 5.20%
- North Carolina: Reduced from 4.50% to 4.25%
- West Virginia: Lowered from 5.12% to 4.82%
- New Mexico: Implemented rate reductions as part of broader tax reforms cite turn0search7 . Additionally, Iowa and Louisiana are transitioning to flat tax systems, aligning with a national movement toward simplified tax structures cite turn0search1
