Archive for the ‘State Tax’ Category

Editorial: Tax and Rev Department must account for money – Albuquerque Journal (subscription)

Editorial: Tax and Rev Department must account for moneyAlbuquerque Journal (subscription)Some local governments are just learning the fiscally troubling news that they will not be getting back as much in gross receipts tax revenue from the state as they thought they would. Businesses collect the gross-receipts tax from consumers and turn …...

State offers tax incentives that could result in 788 central Ohio jobs – Columbus Dispatch

State offers tax incentives that could result in 788 central Ohio jobsColumbus DispatchState tax incentives also were offered today to Proform Industries, which wants to add 120 new jobs to an existing staff of 58 in Columbus as part of plans to add a new manufacturing line here. The company makes a range of products ...

School, state, tax error driving Auburn budget – Bangor Daily News

School, state, tax error driving Auburn budgetBangor Daily NewsAUBURN, Maine — Three things are driving the city's budget up this year, according to City Manager Clinton Deschene: school spending, state revenue cuts and an accounting error from last year. Deschene said he hopes councilors will settle at least one … and more »...

States Bank On Online Sales Tax – Wall Street Journal

Wall Street Journal States Bank On Online Sales TaxWall Street Journal"If this is passed it's a huge source of revenue for the states," says Jon Kuhl, a spokesman for the National Conference of State Legislatures, which estimates states lost a collective $23 billion in uncollected sales taxes last year from online …Online sales tax raises ...

Time waning to tackle state tax credits – Enid News & Eagle

kjrh.com Time waning to tackle state tax creditsEnid News & Eagle“Once again, a bunch of very questionable tax credits are emerging from the cracks in the walls of our crumbling state Capitol,” said Rep. David Dank, R-Oklahoma City, a longtime critic of tax credits. “There are stealth efforts under way to give away …Time Waning ...

State tax reform deserves worthy debate – Burlington Times News

News & Observer State tax reform deserves worthy debateBurlington Times NewsTo Republicans in the state General Assembly, it means restructuring the tax system in a way that would benefit businesses. The theory espoused this week in a visit by national tax-reform advocate Grover Norquist and Americans for Prosperity, is that …Tar Heel View: On state ...

Ellis: Legislation would review all preferential state tax breaks – Houston Chronicle

Ellis: Legislation would review all preferential state tax breaksHouston ChronicleIt is such a problem that, despite repeated requests to numerous agencies, no one at the state level could tell me how much we lose in tax breaks and targeted incentives because no one even knows how many are in the code, how much they cost ...

Tar Heel View: On state tax reform efforts – Richmond County Daily Journal

Jacksonville Daily News Tar Heel View: On state tax reform effortsRichmond County Daily JournalNorth Carolina developed its current system of taxation during the revenue reforms of the Great Depression, seeking to keep state government afloat at a time of widespread hardship. It depended — and still depends — on a relatively high income tax …Editorial: ...

$3.2B more in state tax gains seen – Monterey County Herald

San Francisco Chronicle $3.2B more in state tax gains seenMonterey County HeraldSACRAMENTO — The state's independent budget analyst said Friday that California will take in $3.2 billion more in tax revenue than Gov. Jerry Brown estimated, providing Democratic lawmakers an argument to funnel more money into state programs and …Dan Walters: A perilous tax trend ...

Estimated impact of state tax package was wrong – Albuquerque Business First (blog)

Estimated impact of state tax package was wrongAlbuquerque Business First (blog)Department of Finance and Administration Secretary Tom Clifford has told legislators the estimated cost figures he gave them regarding changes to the state's tax laws were wrong. During the recent legislative session, Clifford said the then-bill …...