Latest State taxes News
Illinois collects $62M in cannabis revenue for neighborhoods
CHICAGO (AP) — Illinois has collected $62 million from legalized marijuana sales that's earmarked for helping minority businesses and neighborhood development, but the money hasn't been spent yet, according to a published report. The reasons include problems with the state's system to hand out new...
Colorado unveils plan to cut air pollution by 90% by 2050
DENVER (AP) — Colorado officials unveiled a plan to cut heat-trapping air pollution in the state by 90% by 2050 in order to improve public health and reduce the effects of climate change. “This is an issue for all humanity and life on the planet,” Democratic Gov. Jared Polis said....
Ducey plans big tax cuts, make-up summer school classes
PHOENIX (AP) — Arizona Gov. Doug Ducey is proposing the largest tax cut in his seven years for the coming budget year while using savings from a pandemic-induced drop in school enrollment to pay for summertime make-up classes for K-12 students who have fallen behind because of virtual learning. The $12.6...
Michigan tax revenues are $2.1B above earlier projections
LANSING, Mich. (AP) — Projected tax revenues in Michigan's two major accounts will be $2.1 billion higher than previously anticipated over two years, driven by increased federal unemployment benefits and consumers' online purchases in the coronavirus pandemic. Economists in the Legislature and Gov....
Nebraska tax collections below expectations in December
OMAHA, Neb. (AP) — Nebraska state government collected slightly less money than expected in December, the Department of Revenue said Friday. The department reported net tax receipts of $436 million for the month, compared to the official estimates of $440 million. Net sales-and-use and individual income...
Kemp seeks to restore more than half of Georgia school cuts
ATLANTA (AP) — Gov. Brian Kemp want to restore more than half of Georgia's cuts to K-12 education made last year, on top of the $1,000 bonuses he wants to pay to teachers from federal money. With tax collections running substantially ahead of what was predicted last spring, the Republican Kemp on Thursday...
Judge rejects 1 of many challenges to new education tax
PHOENIX (AP) — A judge on Thursday rejected one of several constitutional challenges to a new voter-approved tax on the wealthy to fund education but put off deciding on several other legal arguments brought by opponents. The challenge to a provision of Proposition 208 that opponents said limited the...
Kansas governor's budget includes proposals GOP has rejected
TOPEKA, Kan. (AP) — Democratic Gov. Laura Kelly outlined a proposed annual budget Wednesday that includes a tax increase and two other major initiatives likely to be rejected by the Republican-controlled Kansas Legislature. Kelly's $20.9 billion spending plan for the budget year that begins July 1 would...
Proposed corporate tax hike in California would aid homeless
SAN FRANCISCO (AP) — A California coalition is proposing legislation to boost taxes on wealthy multinational corporations to raise more than $2 billion a year to house tens of thousands of homeless people, addressing what has become a worsening problem in the country's most populous state. Supporters say...
Indiana governor proposes small funding boost for schools
INDIANAPOLIS (AP) — Indiana’s governor on Wednesday proposed a modest increase in school funding for the next two years and restores funding to state universities that was cut when tax revenues plunged early in the coronavirus pandemic. Republican Gov. Eric Holcomb's proposal would increase K-12...
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