Latest Personal taxes News

CORRECTS TO JAN. 22, 2020-South Carolina Gov. Henry McMaster delivers the State of the State address at the South Carolina Statehouse, Wednesday, Jan. 22, 2020, in Columbia, S.C. (AP Photo/Sean Rayford)

Governor asks SC in speech to boldly roar into the 20s

Jan. 22, 2020 8:44 PM EST

COLUMBIA, S.C. (AP) — Gov. Henry McMaster said South Carolina is booming under his leadership, but needs to take bold action to make sure schoolchildren don't fall behind and let the state continue to prosper. McMaster delivered the governor's annual State of the State address to legislators on Wednesday....

Text of South Carolina governor's State of the State address

Jan. 22, 2020 7:04 PM EST

COLUMBIA, S.C. (AP) — The text of South Carolina Gov. Henry McMaster's 2020 State of the State address as prepared. ___ Mr. Speaker, Mr. President, ladies and gentlemen of the General Assembly, constitutional officers, my fellow South Carolinians: I begin tonight by recognizing those South Carolinians in...

The Neb. Revenue Committee hears the testimony of Dave Welsch of Milford Public Schools, center, who spoke in opposition to LB 974, a plan to lower Nebraska property taxes, in Lincoln, Neb., Wednesday, Jan. 22, 2020. The plan appears to have enough support to advance out of the Legislature's Revenue Committee, but the state's largest school groups are promising to fight it. (AP Photo/Nati Harnik)

Nebraska farm, business groups spar over property tax bill

Jan. 22, 2020 6:22 PM EST

LINCOLN, Neb. (AP) — A bill that would lower Nebraska’s property taxes by shifting more state aid to schools won support Wednesday from the state’s top agricultural and business groups but faced strong opposition from schools that don’t want restrictions on their taxing power and...

FILE - This Friday, May 16, 2014, file photo, shows the General Motors logo at the company's world headquarters in Detroit. Michigan on Wednesday, Jan. 22, 2020, agreed to revise decade-long tax breaks for General Motors in exchange for the company's commitment to spend at least $3.5 billion more over 10 years, including to build electric pickup trucks in Detroit. (AP Photo/Paul Sancya, File)

GM to spend $3.5B in Michigan under revised tax credit deal

Jan. 22, 2020 3:23 PM EST

LANSING, Mich. (AP) — Michigan on Wednesday agreed to revise decade-long tax breaks for General Motors in exchange for the company's commitment to spend at least $3.5 billion more over 10 years, including to build electric pickup trucks in Detroit. Under the deal — the seventh amendment to the home...

Property tax, grocery tax relief introduced in Idaho House

Jan. 22, 2020 1:57 PM EST

BOISE, Idaho (AP) — Idaho residents would get a break on property taxes and grocery sales taxes under proposed legislation introduced Wednesday. The House Revenue and Taxation Committee voted to clear the way for hearings on four measures, most of them introduced by the House's two most powerful members....

Tax filing season to kick off next week in Virginia

Jan. 22, 2020 4:34 AM EST

RICHMOND, Va. (AP) — Tax season is set to kick off in Virginia. Beginning Monday, residents can file Virginia individual income tax returns. In a news release, the state Department of Taxation reminded residents that due to changes in federal tax law, the Virginia standard deduction has increased for 2019...

New Jersey taxpayers have $8M tab for tax break task force

Jan. 21, 2020 6:51 PM EST

TRENTON, N.J. (AP) — The taxpayer tab for Gov. Phil Murphy's task force investigating corporate tax breaks has reached $8 million, according to invoices obtained by The Associated Press. Murphy, a Democrat, set up the task force last year after two state reports raised concerns about how business tax...

Holcomb names Grennes to lead state Department of Revenue

Jan. 21, 2020 7:50 AM EST

INDIANAPOLIS (AP) — The chief operating officer of the Indiana Department of Revenue is being promoted to the agency's commissioner. Gov. Eric Holcomb announced Friday that he has selected Bob Grennes to serve as commissioner, effective Feb. 1. He will succeed Adam Krupp, who's resigning to run for state...

FILE - In this Jan. 15, 2019 file photo New Mexico Gov. Michelle Lujan Grisham gives her State of the State address during the opening of the New Mexico legislative session at the state Capitol in Santa Fe, N.M. New Mexico Democrats pushed forward a progressive agenda as the booming oil industry made headlines in 2019 with record revenues for the state's coffers. (AP Photo/Craig Fritz,File)

Legislature considers tuition-free college, legalizing pot

Jan. 20, 2020 4:02 PM EST

SANTA FE, N.M. (AP) — Efforts are underway to legalize and tax recreational marijuana sales, fund tuition-free college and shore up pensions for state and local government workers as the New Mexico Legislature convenes. Here are some things to watch during the 30-day session that begins Tuesday at noon....

FILE - In this Feb. 4, 2007 file photo, Prince performs during halftime of the Super Bowl XLI football game in Miami. Minnesota court records show a wrongful death lawsuit filed by Prince's family members has been quietly dismissed in recent months against all defendants. Prince died of an accidental fentanyl overdose on April 21, 2016. (AP Photo/Chris O'Meara, File)

Prince wrongful death case dismissed; estate case continues

Jan. 20, 2020 12:04 PM EST

MINNEAPOLIS (AP) — A wrongful death lawsuit filed by Prince's family members has been quietly dismissed in recent months, suggesting family members have reached settlements with defendants including the Minnesota doctor who saw Prince in the weeks before his death and the Illinois hospital that treated him...