Latest State taxes News

Wisconsin GOP legislation eases corporate tax break rules

Dec. 10, 2018 6:50 PM EST

MADISON, Wis. (AP) — Companies seeking tax credits from Wisconsin's troubled job-creation agency would face less scrutiny under a provision Republicans included in a package of lame-duck legislation designed to weaken newly elected Democrats. The measure awaiting GOP Gov. Scott Walker's signature would...

Puerto Rico overhauls tax laws to help workers, businesses

Dec. 10, 2018 2:54 PM EST

SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor signed a bill on Monday to overhaul the U.S. territory's tax laws in a bid to attract foreign investment and help workers and some business owners amid a 12-year recession. The bill creates an earned income tax credit, reduces a sales tax on prepared food...

Amazon touted as big win for NY, but math is more complex

Dec. 9, 2018 1:11 PM EST

NEW YORK (AP) — New York officials tout their deal to land a new Amazon headquarters as can't-miss math. The city and state put up $2.8 billion in tax breaks and grants. In return, they get an economic engine expected to generate $27 billion in new tax money over a quarter-century. "This is a big...

Kansas faces new fight over taxes after years of turmoil

Dec. 9, 2018 9:47 AM EST

TOPEKA, Kan. (AP) — Kansas' new Democratic governor promised not to raise taxes to meet her goals of boosting spending on public schools and social services. Republicans who control the Legislature argue that a tax increase is coming even if state politicians do nothing. One of the first big political...

High court seems to lean against West Virginia in tax case

Dec. 3, 2018 2:25 PM EST

WASHINGTON (AP) — The Supreme Court seemed inclined Monday to side with a retired U.S. marshal who argues West Virginia is discriminating against former federal law enforcement officers like him by giving a more generous tax break to former state law enforcement officers. James Dawson says West Virginia...

California Democrats thank Trump for legislative majorities

Dec. 2, 2018 11:19 AM EST

SACRAMENTO, Calif. (AP) — California lawmakers begin their new legislative session Monday with crushing Democratic supermajorities in both chambers to go with their sweep of all statewide offices. Democrats benefited from changing demographics and attitudes toward President Donald Trump to overachieve in...

St. Louis aldermanic board OKs stadium tax plan

Nov. 30, 2018 4:07 PM EST

ST. LOUIS (AP) — The St. Louis Board of Aldermen approved a tax incentive package Friday to build a downtown soccer stadium, a significant step in the city's effort to lure a professional franchise. Aldermen approved the measure 26-2. State tax credits also are being sought. The revitalized effort to...

Honeywell moving headquarters, 750 jobs to North Carolina

Nov. 30, 2018 11:35 AM EST

RALEIGH, N.C. (AP) — Industrial conglomerate Honeywell International Inc. will move its headquarters from New Jersey and establish 750 jobs in Charlotte, North Carolina, the company said Friday. Honeywell plans to relocate its base in Morris Plains, New Jersey, with about 150 to 200 senior managers as well...

Alaska credit union to serve marijuana businesses

Nov. 29, 2018 8:04 PM EST

ANCHORAGE, Alaska (AP) — A credit union will launch a pilot program to begin serving marijuana businesses in Alaska, giving the cash-reliant industry a financial option after banks shunned the industry. Most banks and credit card processors in the U.S. won't service marijuana businesses because of the...

Honeywell expected to announce HQ move to North Carolina

Nov. 29, 2018 7:47 PM EST

RALEIGH, N.C. (AP) — Industrial conglomerate Honeywell International Inc. is expected to announce that it is moving its headquarters from New Jersey to Charlotte, North Carolina, a source familiar with the deal said Thursday. The move is expected to result in 700 to 800 jobs after North Carolina expanded...