Many States Offering Sales Tax Holidays For 2017
Sales tax holidays are back for 2017. In addition to school supplies, sales tax holidays may apply to hurricane preparedness and energy efficiency – some starting as early as this weekend.
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California Considers Taxing Companies To The Moon (And Back)
California has long been considered fairly aggressive when it comes to how far they’re willing to go to impose taxes – now, the state may literally be reaching for the stars. The state has introduced a proposal that would make it the first state to tax commercial space transportation companies.
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States Are High On Tax Revenues But Feds Still Say No To Marijuana
It’s 4/20, sometimes called National Weed Day. The possession of marijuana is prohibited by federal law even though a number of states have laws to the contrary – and are making money off of the once-forbidden drug.
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New Taxes Send The Price Of Gas Soaring In Some States
With an emphasis on lowering federal taxes, consumers across the country are paying more in state and local taxes – including gas taxes. Drivers in seven states are paying more for gas in 2017.
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Portland Plans To Tax Companies Who Pay CEOs 100 Times More Than Workers
Portland will become the first city in the country to impose a surtax on companies whose chief executive officers earn more than 100 times the pay of their workers.
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Judge Dismisses Soda Tax Lawsuit Against City Of Philadelphia
Philadelphia residents have a few more days to drink their soda excise tax-free. Judge Gary S. Glazer has dismissed a lawsuit filed by the American Beverage Association (ABA) and other businesses against the City of Philadelphia earlier this year to stop Philadelphia from collecting the tax.
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Tattletale Tax Law Stands After Supreme Court Declines Case
The Supreme Court has announced that it denied certiorari in Direct Marketing Association v. Brohl which means that Colorado’s “Tattletale” tax law will stand.
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NJ Governor Christie Won't Pull The Plug On Decades Old Tax Agreement With Pennsylvania After All
Christmas came early for some taxpayers in New Jersey and Pennsylvania this year: New Jersey Governor Chris Christie (R) has announced that he will not end the income tax reciprocity agreement with Pennsylvania. Earlier this year, Governor Christie announced that he would end the 38-year-old agreement with the Keystone State that allows New Jersey and…
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New Tax Foundation Report Highlights Best & Worst States For Business
The Tax Foundation has released its 2017 State Business Tax Climate Index, ranking the best and worst states for business tax climate. Who made the top? And who sits at the bottom? Here’s what you need to know.
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Fighting Tax Related ID Fraud With Your Cell Phone, One Selfie At A Time
The IRS and state tax authorities have been exploring ways to combat tax fraud while still ensuring that honest taxpayers receive their refunds in a timely manner. The Alabama Department of Revenue is hoping that new technology will help them stay ahead of scammers and thieves. All it takes is a cell phone.