The Center on Budget and Policy Priorities published an in-depth report on Tuesday examining "a little-known provision in the federal economic recovery package" that could end up costing state governments $5.5 billion in business income tax revenues. Do not panic; luckily, states can avoid this disastrous loss of revenue by making some simple changes to their tax laws. Some states have already done so. Good for you, Florida, Maryland and Minnesota.

Click the link below to see a .pdf-version of the report.

CBPP: Obscure Tax Provision of Federal Recovery Package Could Widen State Budget Gaps(.pdf)