ReclaimingcorporatetaxrevenuesCorporateincometaxrevenuesarecriticaltotheabilityofstateandlocalgovernmentstoprovidebasicservicestotheirresidentsReport•ByJoshBivens•April14,2022•Washington,DCViewthisreportatepi.org/247534SECTIONS1.Thestateandlocalgovernmentsectorprovidesvaluablepublicgoodsandservices•62.S&Lgovernmentsneedstrongrevenuesourcesgoingforward•83.Statecorporateincometaxeshaveerodedsharplyinrecentdecades•104.Statecorporateincometaxcutsbenefitthewealthy,nottypicalworkers•175.Conclusion•19Notes•20References•22Keytakeaways•Dependingonhowitismeasured,theeffectivestateandlocaltaxrateoncorporateprofitsshrunkbybetweenathirdandahalfbetween1989an...