Latest Tax refunds News

Illinois extends tax credits to producers working in state

Aug. 1, 2019 7:01 PM EDT

CHICAGO (AP) — Illinois Gov. J.B. Pritzker has signed legislation extending tax credits for film production through 2026, a move he says will attract more industry jobs to the state. The incentives, which give companies 30% tax credits on production costs and on salaries up to $100,000, were set to expire...

The Latest: Democrats close debate by focusing on Trump

Aug. 1, 2019 10:21 AM EDT

DETROIT (AP) — The Latest on Wednesday's Democratic presidential debate (all times local): 10:45 p.m. Democratic presidential candidates are closing their second primary debate by focusing on President Donald Trump. After taking on each other for more than two hours, all 10 candidates have mentioned the...

Judge sides with Murphy, dismisses Norcross' tax credit suit

Jul. 31, 2019 9:00 PM EDT

TRENTON, N.J. (AP) — A New Jersey judge on Wednesday sided with Gov. Phil Murphy and tossed out a lawsuit brought by an influential political powerbroker that sought to block a task force investigating business tax credits. Superior Court Judge Mary Jacobson issued her ruling from the bench after about...

2 Utah polygamous group members plead guilty in tax scheme

Jul. 19, 2019 7:07 PM EDT

SALT LAKE CITY (AP) — Two executives of a Salt Lake City biodiesel company linked to a polygamous group have pleaded guilty to charges filed in what prosecutors have called a $511 million tax credit scheme, according to documents made public Friday. Washakie Renewable Energy once described itself as the...

3 states sue Trump administration over tax workaround

Jul. 17, 2019 3:21 PM EDT

Connecticut, New Jersey and New York sued the Trump administration Wednesday over an IRS rule that weakens the states' attempts to work around a cap on state and local tax deductions. Attorneys general for the three states filed the lawsuit against the Treasury and IRS in federal court in New York. The suit...

Klobuchar's plan would help Alzheimer's patients, caregivers

Jul. 12, 2019 6:18 AM EDT

WASHINGTON (AP) — Democratic presidential candidate Amy Klobuchar (KLOH'-buh-shar) has a new plan to help seniors that includes more support for people with Alzheimer's disease and their caregivers. It's an issue that's personal for the Minnesota senator, whose 91-year-old father is in a memory care...

Missouri governor signs GM tax break bill

Jul. 10, 2019 5:38 PM EDT

JEFFERSON CITY, Mo. (AP) — Missouri Gov. Mike Parson on Wednesday signed a business incentive bill aimed in part at enticing General Motors to expand in the state. The economic development package will allow GM to receive up to $50 million of tax credits over 10 years if it invests $750 million to expand a...

Tesla's car deliveries rebound, but challenges still abound

Jul. 2, 2019 6:56 PM EDT

Tesla delivered more electric cars in the second quarter than any three-month period in its history, alleviating concerns that demand is waning for its stylish vehicles as tax incentives in its main U.S. market begin to phase out. Despite the heartening news Tuesday, Tesla still hasn't proven it can consistently...

Supreme Court to review Montana school choice program

Jun. 28, 2019 5:50 PM EDT

WASHINGTON (AP) — The Supreme Court will consider reviving a Montana program that gives tax credits to people who donate to private-school scholarships. The state's highest court had struck down the program because it violated the Montana constitution's ban on state aid to religious organizations. The...

UK-based wind company picks Rhode Island for US headquarters

Jun. 24, 2019 2:06 PM EDT

NORTH KINGSTOWN, R.I. (AP) — A company specializing in wind power blade maintenance has chosen Rhode Island for its U.S. headquarters, a sign of the state's growing offshore wind industry. Commerce Secretary Stefan Pryor told the Boston Globe last week that British company GEV Wind Power has committed to...