Latest State taxes News

Pew warns Michigan: Legal pot an uncertain revenue source

Aug. 24, 2019 11:27 AM EDT

DETROIT (AP) — While recreational marijuana sales in Michigan are expected to initially rocket, a public policy organization is warning that the experiences of other states indicate legal pot is an unpredictable revenue source. Michigan's House Fiscal Agency estimates annual sales will approach $949...

Nevada judge freezes licensing process for new pot shops

Aug. 23, 2019 6:34 PM EDT

LAS VEGAS (AP) — A judge on Friday froze the permit process for some new Nevada retail cannabis stores, issuing a ruling that sided with companies that lost bids to open recreational pot shops. Clark County District Court Judge Elizabeth Gonzalez issued an injunction halting several dozen new licenses...

Oklahoma City mulls vote on MAPS 4 sales tax extension

Aug. 23, 2019 6:26 PM EDT

OKLAHOMA CITY (AP) — The Oklahoma City council is expected to set a citywide vote for a one-cent sales tax that would generate nearly $980 million over eight years to fund dozens of city projects, including money for social services like mental health and homelessness. The proposal outlined on Friday is...

Governor vetoes extension of business tax incentive programs

Aug. 23, 2019 3:48 PM EDT

TRENTON, N.J. (AP) — Democratic New Jersey Gov. Phil Murphy has vetoed an extension of two tax incentive programs that are the subject of a state investigation. Murphy's conditional veto on Friday returns the bill to the Legislature with recommended changes. An auditor report and a comptroller review have...

California pot taxes tick up but miss initial projections

Aug. 22, 2019 8:41 PM EDT

LOS ANGELES (AP) — When it comes to tax money from marijuana sales, California is living with diminished expectations. The state pulled in $74 million in cannabis excise taxes between April and June, after the administration of Gov. Gavin Newsom sharply scaled back projected tax dollars from the shaky...

Mississippi bank BancorpSouth to invest $15M and hire 100

Aug. 22, 2019 2:47 PM EDT

TUPELO, Miss. (AP) — One of Mississippi's largest banks will expand its hometown operations center, investing $15 million and hiring 100 people. BancorpSouth announced the expansion in Tupelo on Thursday. Mississippi Development Authority spokeswoman Tammy Craft says the state is giving $750,000 to widen a...

Beloved NYC pizza joint reopens after settling tax bill

Aug. 22, 2019 2:44 PM EDT

NEW YORK (AP) — A top-rated New York City pizza restaurant has reopened two days after it was shuttered by state officials over unpaid taxes. The New York Post reports that Brooklyn's Di Fara Pizza reopened Thursday after its owners worked out a payment plan to settle a $167,000 tax bill. Di Fara opened in...

Tax refund measure advanced by North Carolina Senate panel

Aug. 22, 2019 1:23 PM EDT

RALEIGH, N.C. (AP) — A Republican proposal to give millions of North Carolina taxpayers refunds from a larger-than-anticipated revenue surplus is advancing in the state Senate. The Senate Finance Committee voted on Thursday for the measure to send $663 million through checks of up to $125 or $250. Amounts...

Louisiana candidates split on constitutional convention idea

Aug. 21, 2019 10:21 PM EDT

BATON ROUGE, La. (AP) — While efforts to rewrite Louisiana's constitution stalled with state lawmakers, advocates for a constitutional convention are trying to make new inroads for the movement, seeing opportunity with legislative term limits and statewide elections this fall. The push may face an...

Mississippi Republican governor candidates spar in debate

Aug. 21, 2019 9:31 PM EDT

JACKSON, Miss. (AP) — Two Republicans running for Mississippi governor were asked during a televised debate Wednesday night to name one disagreement they've had with current Republican Gov. Phil Bryant. Lt. Gov. Tate Reeves said he and Bryant have been in step up to 98% of the time on big issues, including...