Latest State taxes News

Editorial Roundup: Michigan

May. 23, 2022 17:19 PM EDT

Detroit News. May 21, 2022. Editorial: Tax cuts are better than tax rebates Michigan finds itself in the rare spot of having more money coming into the state budget than it needs to run the state. Both Republican legislative leaders and Democratic Gov. Gretchen...

Kansas looking at $50M for businesses restricted over COVID

May. 23, 2022 17:18 PM EDT

TOPEKA, Kan. (AP) — Kansas is moving to provide $50 million in relief to businesses such as bars, gyms and hair salons that were forced by state or local officials to shut down or restrict their operations during the first weeks of the coronavirus pandemic. The...

Minnesota lawmakers get some hits, lots of misses in session

May. 23, 2022 17:13 PM EDT

ST. PAUL, Minn. (AP) — There were a few hits but lots of misses as the divided Minnesota Legislature blew a deadline for passing a package of tax cuts and new spending using the state's massive budget surplus. Democratic Gov. Tim Walz met Monday afternoon with Republican Senate...

Hogan, comptroller, urge each other to ease Maryland gas tax

May. 23, 2022 15:39 PM EDT

ANNAPOLIS, Md. (AP) — Maryland Gov. Larry Hogan and Comptroller Peter Franchot urged each other Monday to take steps to ease high gas prices this summer by suspending taxes on fuel, but the officials say they are limited in what they can do on their own. Hogan, a Republican, called...

Newspaper: 2007 Nevada tax change cut cost of property deals

May. 21, 2022 16:07 PM EDT

LAS VEGAS (AP) — In 2007, not long before Las Vegas’ frenzied real estate market imploded, Nevada lawmakers approved a seemingly minor tweak to a tax law. The change ensured property owners could use a range of entities when shifting real estate to an affiliate to exempt these...

Kansas ordered to pay $63 million to former pizza magnate

May. 21, 2022 14:06 PM EDT

WICHITA, Kan. (AP) — The state of Kansas must pay former pizza executive Gene Bicknell more than $63 million to settle a long-running dispute over his tax bill. The court ruled on Friday that Bicknell was a Florida resident in 2005 and 2006 when he sold NPC International, which...

2 New Mexico tribes closer to recreational cannabis sales

May. 20, 2022 15:29 PM EDT

SANTA FE, N.M. (AP) — Two New Mexico tribes have signed an agreement with state officials recognizing the tribe’s authority to collect taxes on sales of cannabis products. The move announced by state officials Thursday after it was signed last week further formalizes potential...

Michigan tax revenue estimates revised upward by $5B

May. 20, 2022 14:37 PM EDT

LANSING, Mich. (AP) — Michigan's short-term budget outlook became even rosier Friday, when economists revised projected tax revenues upward by a combined $5 billion over two years. The new estimates will be used by Democratic Gov. Gretchen Whitmer and the Republican-led Legislature...

Legislature again OKs tax cuts; Whitmer floats $500 rebate

May. 19, 2022 20:30 PM EDT

LANSING, Mich. (AP) — Both Democratic Gov. Gretchen Whitmer and the Republican-led Michigan Legislature proposed new plans to cut taxes Thursday but remained at odds over the scope and immediacy of any relief. Whitmer called for a one-time $500 election-year rebate for “working...

Appeals court revives Arizona case on virus cash tax cut ban

May. 19, 2022 19:57 PM EDT

PHOENIX (AP) — A federal appeals court on Thursday revived Arizona’s lawsuit challenging the part of President Joe Biden’s massive coronavirus rescue law that bars states from using the federal money to offset tax cuts. The ruling by a three-judge panel of the 9th U.S. Circuit...