Latest State taxes News

Mississippi author’s novel to be adapted into film

Jun. 13, 2021 00:03 AM EDT

OXFORD, Miss. (AP) — Oxford author Michael Farris Smith will soon see his fourth novel, “The Fighter,” come to life as production for the film adaptation, retitled “Rumble Through the Dark,” will begin in the Delta at the end of July. It was recently announced...

Virginia tax coffers continue to overflow; surplus expected

Jun. 12, 2021 13:15 PM EDT

RICHMOND, Va. (AP) — Virginia state government continues to bring in more revenue than expected, with a new report showing the state has brought in more than 98 percent of its anticipated annual revenue with a full month remaining in the fiscal year. The monthly revenue...

SCDOT: Road money drops without higher electric car fees

Jun. 12, 2021 11:20 AM EDT

COLUMBIA, S.C. (AP) — The woman in charge of South Carolina roads is warning lawmakers that the growth in electric vehicles will mean a drop in how much the state has to spend on roads unless they make some changes. Electric cars don't pay the gas tax because they don't...

NY lawmakers wrap up 2021 work, but could return

Jun. 11, 2021 18:50 PM EDT

ALBANY, N.Y. (AP) — New York lawmakers wrapped up this year's legislative session this week, but legislative leaders said they may return. The state Assembly continued its work into the early morning hours of Friday, ending a legislative session marked by the...

North Carolina Senate gives final OK to $2B tax-cut plan

Jun. 10, 2021 20:50 PM EDT

RALEIGH, N.C. (AP) — Legislation that includes more than $2 billion in tax reductions over the next two years and the phaseout of North Carolina's corporate income tax by 2028 received bipartisan approval again in the Senate on Thursday. The Republican-authored...

Louisiana session ends in flurry of tax and financial votes

Jun. 10, 2021 20:42 PM EDT

BATON ROUGE, La. (AP) — Louisiana lawmakers Thursday completed a nine-week legislative session where they spent hefty sums of coronavirus recovery money, worked to overhaul the state's tax structure and found themselves battling over social issues that nearly derailed the financial debates....

Louisiana tax swap plans win final passage to reach ballot

Jun. 10, 2021 20:21 PM EDT

BATON ROUGE, La. (AP) — A long-recommended proposal to untie Louisiana's income tax collections from federal tax payments won passage Thursday from lawmakers on the legislative session's last day, sending the concept to voters for a decision on the October ballot. The...

Booming tax collections leave NJ $10.1B surplus

Jun. 10, 2021 16:13 PM EDT

TRENTON, N.J. (AP) — New Jersey will carry a $10.1 billion surplus — about 25% of the total budget — into the new fiscal year that starts July 1, a stark turnaround from last year when Democratic Gov. Phil Murphy sought to borrow almost $10 billion because of a revenue downturn. ...

Arizona Legislature still stuck on budget terms after hiatus

Jun. 10, 2021 16:03 PM EDT

PHOENIX (AP) — The Arizona Legislature made a brief appearance Thursday and conducted virtually no business weeks into a budget stalemate that shows no sign of abating soon. The Senate returned after a two-week hiatus but held only a pro-forma session before adjourning...

Connecticut lawmakers close out unusual session, pass budget

Jun. 10, 2021 00:40 AM EDT

HARTFORD, Conn. (AP) — Connecticut lawmakers closed out a legislative session like no other on Wednesday night, with the state Senate approving a two-year, $46.3 billion state budget that proponents said will help Connecticut in its continued recovery from the COVID-19 pandemic while...