Government taxation and revenue
Gov. Snyder, GOP lawmakers agree to budget targets
Republican Gov. Rick Snyder and leaders of the GOP majority in the Legislature reached a budget agreement Tuesday for next fiscal year that doesn't include an expansion of government health insurance for low income-adults and puts Michigan's unexpected surplus toward funding roads and K-12 education. Lawmakers have an extra $700 ...
Dem tax plan pulled; Senate debate degenerates
A debate over education funding turned bitter on the Nevada Senate floor Tuesday when Democrats accused Republicans of not wanting to compromise on taxes and the GOP minority leader chastised the majority for failed leadership. The finger pointing during a 90-minute session began when Democratic Majority Leader Mo Denis, D-Las ...
Wind energy tax measure headed to final Neb. vote
A plan aimed at attracting wind-energy farms to Nebraska is headed to a final vote in the Legislature. Lawmakers gave second-round approval Tuesday to the bill, which would extend sales tax exemptions to wind-energy companies. One firm, TradeWind Energy, has expressed interest in developing a wind farm in Dixon County, ...
Kan. legislators move forward on budget, taxes
Kansas lawmakers agreed Tuesday to a compromise plan on the state's proposed $14.5 billion budget, potentially setting up a key test vote if negotiators reach a deal on taxes. The budget deal strikes a compromise on higher education spending, making a 1.5 percent cut in 2014 and again in 2015 ...
Minn. to help pay Mpls. downtown library debt
The state of Minnesota will give Minneapolis about $33 million over several years to help pay off debt on the downtown library. The money was a last-minute addition to the state tax bill at the Legislature. DFL Rep. Jim Davnie of Minneapolis tells the Star Tribune (http://bit.ly/16MxIOK) the provision will ...
Minn. session '13: What got done, what didn't
Minnesota state lawmakers promised when the legislative session began that their top priority was setting a new state budget. To that end, they produced a $38.3 billion two-year spending plan that hikes taxes on top income earners and on cigarettes, and distributes hefty spending increases to public schools, freezes tuition ...
2 W.Va. staffing agency execs plead to tax evasion
Two staffing agency executives have pleaded guilty to federal employment tax evasion charges. U.S. Attorney Booth Goodwin says 60-year-old Daniel Hovis and 63-year-old Janice Hensley each pleaded guilty Tuesday in federal court in Charleston to failure to pay trust fund taxes. Hovis is president of Career Search One Inc. Hensley ...
Highlights of the new Colorado school finance law
The school finance overhaul signed into law Tuesday by Gov. John Hickenlooper makes big changes to how public schools in Colorado are funded. All the changes depend on voters approving some $1 billion a year in new taxes. Among the changes Colorado schools would see if voters agree are: — ...
Former IRS chief: Can't say how targeting happened
The man who led the Internal Revenue Service when it was giving extra scrutiny to tea party and other conservative groups seeking tax-exempt status told Congress on Tuesday that he knew little about what was happening while he was still commissioner. Douglas Shulman, who vacated his position last November when ...
JPMorgan Chase in Ohio sees tax credit approval
JPMorgan Chase & Co. is among several companies that have received approval for job creation tax credits in Ohio. The Ohio Tax Credit Authority on Monday approved assistance for 10 projects expected to create more than 1,100 jobs and retain more than 21,000 positions statewide. The tax credit body reviewed ...
NY residents voting on school budgets
New York school districts are proposing an average tax levy increase of 2.8 percent in budgets being voted on, with all but a relative few staying within taxing limits set by the state to virtually assure passage. Last year, 99 percent of budgets that adhered to the state's tax cap ...
Kan. Legislature stalemated on tax, budget issues
Kansas legislators were stalemated Monday on spending and tax issues as Republican leaders publicly bickered over GOP Gov. Sam Brownback's plan to stabilize the budget by canceling a scheduled decrease in the state sales tax. Senate President Susan Wagle acknowledged that she's waiting for the House to endorse Brownback's proposal ...
Ala. Legislature rejects Bentley's 2-year-delay
The Republican majority in the Alabama Legislature handed the GOP governor a major defeat Monday night by rejecting his proposal to delay the start of private school tax credits for two years. The House voted against the governor's proposal 57-10 Monday. Then the Senate agreed 19-15 at the urging of ...
Panel: Apple uses firms outside US to avoid taxes
Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found. The world's most valuable company is holding overseas some $102 billion of its $145 billion in cash, and an Irish subsidiary that ...
Business Highlights
___ Yahoo takes big leap with $1.1 billion deal for Tumblr SAN FRANCISCO (AP) — Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet pioneer that had fallen behind the times. The deal announced Monday is Mayer's boldest move since ...
Fla. gov. vetoes nearly $400 million from budget
Florida Gov. Rick Scott, who had a tough time winning cooperation this past year from the Republican-led Legislature, struck back on Monday by vetoing nearly $400 million from the state's new budget. Scott praised the overall budget — which now stands at roughly $74.1 billion — because it includes spending ...
Analysis: Missouri GOP success in eye of beholder
Success. That desirable word can have different meanings to different people. Sometimes, success is in the effort. But ultimately, success is often judged by results. When the Missouri Legislature adjourned its annual session this past week, the Republican majority claimed it was a successful effort — even "historic" and "monumental" ...
On table in NJ: Using sales tax to preserve land
New Jersey voters have agreed 13 times to allow the state to borrow money to buy land for preservation. Now they could be asked to approve a more farsighted plan — preservation funding for the next 30 years derived from state sales tax revenue. A proposal to put the long-term ...
Mich. disabled vets could see property tax relief
Some disabled veterans living in Michigan could get some relief next tax season under legislation being debated in the state Senate. Two different bills passed by the Senate Finance Committee last week have one aim: to provide property tax exemptions for veterans who are disabled as the result of their ...
Obama agenda marches on despite controversies
Despite Democratic fears, predictions of the demise of President Barack Obama's agenda appear exaggerated after a week of cascading controversies, political triage by the administration and party leaders in Congress and lack of evidence to date of wrongdoing close to the Oval Office. "Absolutely not," Steven Miller, the recently resigned ...
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