Executive Actions on Immigrants Will Bring Increased NY Tax Revenue
April 16, 2015. A new 50-state study, Undocumented Immigrants’ State and Local Tax Contributions, by the Institute on Taxation and Economic Policy finds that undocumented immigrants’ tax contributions would increase significantly under the Obama Administration’s executive actions and even more substantially under comprehensive immigration policy reform. The report is being co-released in New York by the Fiscal Policy Institute and is particularly relevant in connection with the hearing tomorrow, Friday April 17, on executive action at the 5th Circuit Court of Appeals.
The report’s key findings about New York:
- Undocumented immigrants in New York State contribute significantly to state and local taxes, collectively paying an estimated $1.1 billion in 2012.
- The amount of state and local taxes collected from unauthorized immigrants is estimated to increase by $86 million once federal executive actions are fully in place.
Click here for the New York data and press release.
Click here for the full national report.