Latest National taxes News

New Mexico issues tax rebates to film industry

Jun. 20, 2019 3:11 PM EDT

SANTA FE, N.M. (AP) — New Mexico announced tax rebate payouts of nearly $100 million producers of film and television shows that were shot within the state in recent years, as the state's Democratic governor courts new investments and industry jobs. The Taxation and Revenue Department said Thursday that...

California Assembly OKs tax changes, Senate backs phone fee

Jun. 20, 2019 2:33 PM EDT

SACRAMENTO, Calif. (AP) — The California Assembly has approved a proposal to expand tax credits for working families. They're paying for it by embracing parts of Republican President Donald Trump's 2017 tax overhaul. Democrats had expressed unease about conforming to parts of the law, but eventually...

Supreme Court will not review Washington state tobacco case

Jun. 20, 2019 12:53 AM EDT

YAKIMA, Wash. (AP) — The U.S. Supreme Court has denied a request for further review of a Washington state tobacco company's tax appeal. The Yakima Herald reported Wednesday that cigarette manufacturer King Mountain Tobacco must pay $58 million in federal excise taxes. The Supreme Court released its...

AP FACT CHECK: Trump's boasts, blasts and promises at rally

Jun. 19, 2019 12:53 PM EDT

WASHINGTON (AP) — President Donald Trump boasted with abandon in launching his 2020 re-election campaign, overreached in excoriating his critics and promised progress on his border wall and health care that is improbable at best. In those respects, his latest campaign rally was much like any other by the...

Virginia residents face deadline to qualify for tax relief

Jun. 19, 2019 5:27 AM EDT

RICHMOND, Va. (AP) — Virginia tax officials are reminding taxpayers that they must file their individual income taxes by July 1 in order to qualify for the Tax Relief Refund. The refund is the result of state legislation passed by the General Assembly earlier this year in response to the federal Tax Cuts...

Unresolved issues linger in budget negotiations

Jun. 18, 2019 4:51 PM EDT

CONCORD, N.H. (AP) — Budget negotiators at the New Hampshire Statehouse aren't budging yet on some big issues, but they're plowing through others as their deadline nears. A committee that includes House and Senate members has until Thursday to sign off on a compromise budget to send to the full Legislature...

Chiropractor pleads guilty to tax evasion charges

Jun. 18, 2019 3:12 PM EDT

WORCESTER, Mass. (AP) — A Massachusetts chiropractor has pleaded guilty to federal tax evasion charges. Federal authorities say Richard Rogers, who ran his business out of his Northborough home, pleaded guilty to evading his taxes from 2012 through 2016 by concealing his income from the Internal Revenue...

CEO who embezzled from pain nonprofit pleads guilty

Jun. 18, 2019 12:51 PM EDT

BRIDGEPORT, Conn. (AP) — A New York man who ran a Connecticut-based nonprofit designed to find support and resources for people with chronic pain issues has pleaded guilty to embezzling about $1.5 million from the organization. Federal prosecutors in Connecticut say 46-year-old Paul Gileno, of Brewster,...

Charitable giving by individual Americans drops in 2018

Jun. 18, 2019 11:41 AM EDT

NEW YORK (AP) — Charitable giving by individual Americans in 2018 suffered its biggest drop since the Great Recession of 2008-09, in part because of Republican-backed changes in tax policy, according to the latest comprehensive report on Americans' giving patterns. The Giving USA report, released Tuesday,...

Senate budget proposal includes 17% tax on vaping products

Jun. 18, 2019 5:25 AM EDT

COLUMBUS, Ohio (AP) — A proposal in the Senate version of Ohio's two-year budget would place a 17% tax on the invoice price of vaping products. Senate Finance Chairman Matt Dolan, a Republican from Chagrin Falls, says he's concerned that vaping has filled a niche in Ohio that is attracting teens. Gongwer...