Tax
Advocates of the theatre are shining the spotlight on a bill in the state legislature that would establish a tax credit for certain performances. They are supporting House Bill 6919: An Act Establishing a Tax Credit for Certain Pre-Broadway and Post-Broadway Theatre Productions. It would give a 30 percent tax credit, with a $10 million […]
Pressure on lawmakers is coming from all sides when it comes to adding more funding on education. When it comes to the budget, lawmakers on both sides of the aisle agree to extend fiscal guardrails when it comes to spending caps for five more years, which means that pretty tough decisions will be made in […]
Coal communities trying to lure development are likely to face competition from brownfields and areas with less fossil-fuel employment under a provision of the new climate and tax law intended to breathe life into areas with fading energy industries. U.S. energy officials, private developers and communities are eagerly awaiting guidance from the Treasury Department on […]
Facebook’s UK operations paid £29m in corporation tax last year despite reporting a record £3.3bn in sales, while its average staff pay rose to £262,000. The social media company’s latest accounts for its London-based arm showed gross income from advertisers surged by more than 37% last year from £2.4bn to £3.3bn. Its parent company, Meta, […]
It’s safe to assume that the Connecticut child tax credit, like the federal version it’s modeled after, was passed with the best of intentions. There are undoubtedly people who need a break in times of economic uncertainty, and the state is trying to help provide one. It’s a sound policy idea and one that makes […]
Some major property owners in Warren County are hoping for a break on their property taxes. Walmart, Echo Warren Associates (which developed Warren Commons and still owns several parcels there), Betts, and Northwest are among the owners that have filed appeals with the Warren County Board of Assessment Appeals, according to Warren County Chief Assessor […]
The American Rescue Plan, which went into legislation in March, expanded the kid tax credit score and provided a brand new month-to-month advance fee that the IRS was mandated to difficulty from July via December. The IRS has not given a quantity for what number of households have not acquired their month-to-month tax credit score fee […]
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