Latest Local taxes News

Democrats in key House races push against tax deduction cap

Sep. 19, 2018 1:08 PM EDT

CHERRY HILL, N.J. (AP) — Congressman Leonard Lance voted last December with the interests of his northern New Jersey district in mind when he opposed his own party's sweeping tax overhaul. The cap on deductions for state and local taxes that was part of the Republican plan was bound to mean that many...

Legal pot business owner sentenced for federal tax crimes

Sep. 17, 2018 8:01 PM EDT

PORTLAND, Ore. (AP) — A part-owner and operator of medical marijuana dispensaries in Oregon was sentenced to seven months in prison Monday, marking what a prosecutor called the country's first federal sentencing of a legal pot business owner for tax crimes. Matthew Price also was ordered to pay $262,776...

Long held as oldest in US, New Jersey nuclear plant closes

Sep. 17, 2018 6:19 PM EDT

LACEY TOWNSHIP, N.J. (AP) — A nuclear power plant long considered to be the oldest in America shut down Monday, the victim of its age and inability to compete with newer, cheaper gas-fired power plants. The Oyster Creek Nuclear Generating Station in New Jersey went offline at noon Monday, powering down...

Debate on new tax cuts undercut by GOP election pressure

Sep. 13, 2018 5:59 PM EDT

WASHINGTON (AP) — House lawmakers on Thursday debated a Republican proposal to expand the new tax law by making permanent the individual tax cuts now set to expire in 2026. But the move is undercut by election pressures faced by GOP lawmakers from high-tax states where residents are hurt by the law's...

Senate OKs Trump choice for IRS head over Democrats' protest

Sep. 12, 2018 8:18 PM EDT

WASHINGTON (AP) — Over the protests of many Democrats, the Senate on Wednesday evening approved President Donald Trump's choice to become the new head of the IRS. Democrats opposed the nomination because of a new Trump administration policy allowing some groups involved in politics to hide their donors'...

Louisiana mayor bans Nike products from parks and rec

Sep. 10, 2018 10:52 PM EDT

KENNER, La. (AP) — The mayor of a New Orleans suburb banned the city's parks and recreation department from purchasing Nike products, days after the athletic apparel maker released a controversial ad supporting former San Francisco quarterback Colin Kaepernick. The memo by Kenner Mayor Ben Zahn to the...

NY Islanders get tax break for Nassau Coliseum project

Sep. 6, 2018 2:27 PM EDT

UNIONDALE, N.Y. (AP) — The Nassau County Industrial Development Agency has approved tax breaks for the New York Islanders' planned renovations at NYCB Live's Nassau Coliseum. Newsday says completion of $9.95 million in interior upgrades would allow the hockey team to return to Uniondale for three years...

Utah biodiesel execs linked to polygamous group stay jailed

Aug. 29, 2018 7:07 PM EDT

SALT LAKE CITY (AP) — Two Salt Lake City biodiesel executives linked to a polygamous group will stay in jail after prosecutors argued they could flee to Turkey if released ahead of trial in an alleged $511 million tax credit scheme. The men have access private jets, millions of dollars stashed abroad and...

The Latest: Execs linked to polygamous group to stay in jail

Aug. 29, 2018 4:22 PM EDT

SALT LAKE CITY (AP) — The Latest on two biodiesel executives charged in an alleged $500 million tax credit scheme (all times local): 2:15 p.m. Two Salt Lake City biodiesel executives linked to a polygamous group will stay in jail on federal charges in an alleged $500 million tax credit scheme. U.S....

AP FACT CHECK: Trump's bent reality: Cohen, clean air, taxes

Aug. 27, 2018 12:14 AM EDT

WASHINGTON (AP) — President Donald Trump is living in an alternate reality when it comes to special counsel Robert Mueller's investigation and other controversies swirling around him. He laments the threat of a "perjury trap" in explaining why he's hesitant to be interviewed by Mueller in the Russia probe,...