Latest State taxes News

Idaho sends out $169M in one-time income tax rebates

Oct. 20, 2021 17:59 PM EDT

BOISE, Idaho (AP) — Some 645,000 income tax rebates totaling $169 million have been sent out so far this year, an Idaho official said Wednesday. Idaho Division of Financial Management Administrator Alex Adams told lawmakers on a finance committee that the average rebate...

McAuliffe, Youngkin now mum on tax return disclosures

Oct. 20, 2021 15:24 PM EDT

RICHMOND, Va. (AP) — The leading candidates for Virginia governor have gone quiet on commitments both previously made to disclose at least some information from recent tax returns before the Nov. 2 election. Neither the campaign of Democrat Terry McAuliffe nor that of...

Editorial Roundup: Florida

Oct. 20, 2021 14:32 PM EDT

Palm Beach Post. October 15, 2021. Editorial: Voters should pick Democrat Sharief in U.S. 20 primary to succeed Hastings Democratic Primary: Barbara Sharief The voters in Florida’s 20th congressional district can take solace in...

Editorial Roundup: Mississippi

Oct. 20, 2021 13:43 PM EDT

Tupelo Daily Journal. Oct. 17, 2021. Editorial: Hosemann, Gunn should cut a deal to eliminate state income taxes and expand Medicaid Lt. Gov. Delbert Hosemann and Speaker Philip Gunn have a unique opportunity to leave an indelible mark on Mississippi...

Arkansas governor delays plans for session on tax cuts

Oct. 19, 2021 19:23 PM EDT

LITTLE ROCK, Ark. (AP) — Arkansas Gov. Asa Hutchinson on Tuesday backed off plans to call the Legislature back to the Capitol next week to take up income tax cuts as he continued negotiating with lawmakers on how much to reduce. The Republican governor delayed the...

Michigan Legislature OKs accounts for private school tuition

Oct. 19, 2021 16:54 PM EDT

LANSING, Mich. (AP) — Children could qualify for scholarships to attend private schools and to cover educational expenses such as tutoring under bills approved Tuesday on party-line votes in the Republican-led Michigan Legislature. The fast-tracked legislation,...

State revenues are up after top earners paid more in taxes

Oct. 19, 2021 11:31 AM EDT

ALBANY, N.Y. (AP) — New York is seeing a surge in revenues this year following a tax increase on the state's highest-earning people and businesses. New York ended September with a balance of about $20 billion in the main operating fund, which is where most state...

$205M is first deposit in Louisiana fund aimed at stability

Oct. 18, 2021 17:54 PM EDT

BATON ROUGE, La. (AP) — Louisiana collected enough business taxes during the last budget year to deposit the first $205 million into a never-used, five-year-old trust fund created to curb the state's boom-and-bust cycles of budgeting. The money may not be spent for...

Tennessee considering $900M Ford incentive package

Oct. 18, 2021 14:45 PM EDT

NASHVILLE, Tenn. (AP) — Tennessee is poised to spend approximately $900 million of its tax revenues on incentives, infrastructure projects and more under an agreement with Ford Motor Co., which has announced plans to build an electric vehicle and battery plant near Memphis. ...

Columbia Falls becomes 11th Montana area with a resort tax

Oct. 18, 2021 10:55 AM EDT

COLUMBIA FALLS, Mont. (AP) — Columbia Falls in northwestern Montana is the 11th Montana community to enact a resort tax. While voters approved the 3% tax in June 2020, the city delayed implementation due to the COVID-19 pandemic. The tax took effect on Oct. 1, the...