Latest Corporate taxes News

Ducey proposes earned-income tax credit in $14B budget plan

Jan. 14, 2022 19:07 PM EST

PHOENIX (AP) — Gov. Doug Ducey on Friday proposed a tax credit for Arizona's low-income workers, the first time in his eight years of pushing tax cuts that he pitched a benefit targeted at the bottom end of the income spectrum. In his final budget proposal before leaving office,...

Mississippi tax revenue jumps during 1st half of budget year

Jan. 10, 2022 16:04 PM EST

JACKSON, Miss. (AP) — Mississippi government collected more money during the first half of this budget year than it did during the same period a year earlier. With the robust collections, legislative leaders and Republican Gov. Tate Reeves say they want to approve some sort of tax...

Former New Mexico spaceport CFO alleges fraud, retaliation

Jan. 05, 2022 18:19 PM EST

ALBUQUERQUE, N.M. (AP) — The former chief financial officer for the New Mexico Spaceport Authority filed a whistleblower lawsuit alleging that he was forced to resign after raising concerns about financial malfeasance that he said cost taxpayers millions of dollars. Among numerous...

Trump, Ivanka, Don Jr. subpoenaed in New York AG's probe

Jan. 03, 2022 19:28 PM EST

NEW YORK (AP) — The New York attorney general’s office confirmed Monday that it has subpoenaed former President Donald Trump and his two eldest children, Ivanka and Donald Trump Jr., demanding their testimony in an investigation into the family’s business practices. Attorney...

New La. laws expand medical marijuana, change income taxes

Dec. 31, 2021 10:30 AM EST

BATON ROUGE, La. (AP) — Louisiana's medical marijuana program will offer raw, smokable cannabis to its patients, and the state will tweak its calculations for state income taxes as more than two dozen new laws take effect Saturday with the start of the new year. Most of the new...

Ex-Indiana mayor stays free for appeal of bribery conviction

Dec. 26, 2021 09:14 AM EST

HAMMOND, Ind. (AP) — A former northwestern Indiana mayor is being allowed to stay out of prison while he appeals his conviction on bribery and tax evasion charges. A federal judge ruled this past week that former Portage Mayor James Snyder had legitimate issues for appeal and could...

Trump sues NY attorney general, seeking to halt civil probe

Dec. 20, 2021 17:24 PM EST

NEW YORK (AP) — Former President Donald Trump sued New York Attorney General Letitia James on Monday, resorting to a familiar but seldom successful strategy as he seeks to end a yearslong civil investigation into his business practices that he alleges is purely political. In the...

Forbes editor says he testified before Trump grand jury

Dec. 17, 2021 12:23 PM EST

NEW YORK (AP) — The editor of Forbes magazine testified Thursday before the grand jury hearing evidence in a criminal investigation of former President Donald Trump and his business practices, answering questions about an article examining whether the former president inflated his wealth. ...

DA's last big decision: Whether to charge Trump

Dec. 16, 2021 01:07 AM EST

NEW YORK (AP) — After a dozen years in office, one piece of unfinished business remains for Manhattan District Attorney Cyrus Vance Jr. before he retires at the end of the month: Will the prosecutor known for his caution go out with a bang by bringing criminal charges against Donald Trump? ...

NY attorney general seeks Trump's testimony in civil probe

Dec. 09, 2021 13:59 PM EST

NEW YORK (AP) — New York’s attorney general is seeking former President Donald Trump’s testimony in an ongoing civil investigation into his business practices, a person familiar with the matter said. Attorney General Letitia James’ office has requested that Trump sit for a...