October 4, 2024
Tax

Whitefish approves budget with tax bump

Whitefish City Council approved the final budget for fiscal year 2025 at its regular meeting last week and prepared to send thank you notes for generous donations to the city.  Whitefish’s fiscal year 2025 total budget totals $53,542,830. Compared to the prior fiscal year, 2025 expenditures are expected to increase $3,152,669, or about 7.5%. The

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Tax

Lawsuit alleges City of Austin is illegally collecting tax dollars for Project Connect

AUSTIN, Texas — The fight over Project Connect continues, with a group of Austinites filing a class action lawsuit against the city, in hopes of stopping them from collecting their taxes for use on the transit plan. The suit states more taxes shouldn’t be collected because previous tax money has gone unspent. “You can’t cheat

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Tax

Trussville residents say ‘no’ to property tax increase for schools

TRUSSVILLE, Ala. (WBRC) – The results of Tuesday’s property tax referendum in Trussville are in and residents said ‘no’ to an increase for the benefit of Trussville City Schools. According to the results from Trussville, 5,317 residents voted Tuesday or voted absentee. The final tally showed 2,232 (42%) were for, 3,085 (58%) were against the

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Tax

What to know about Del Mar College’s 2024-25 budget

Del Mar College’s board of regents approved a balanced budget Tuesday, including raises for staff and an increase in the property tax rate. For residents of the community college’s tax district, which includes Corpus Christi ISD, Flour Bluff ISD, Port Aransas ISD, West Oso ISD, Tuloso-Midway ISD and Calallen ISD, the 2024-25 tax rate will

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Tax

New tax credits aim to boost childcare affordability for Nebraska families

LINCOLN, Neb. (KOLN) – Nebraska families now have more resources to help them afford childcare, thanks to three new funding sources. The Child Care Tax Credit Act offers tax credits to businesses that donate to childcare programs designed to increase access or affordability for families. The act also provides a tax credit for parents or

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Tax

Japan mulls removing tax-free limit on consumable goods purchases

The Japan Tourism Agency said Tuesday it is considering removing a 500,000 yen ($3,500) tax-free limit for purchases of consumable goods such as cosmetics, alcohol, food and medicine, as it seeks to boost spending by inbound travelers. As part of its tax reform requests for fiscal 2025, the agency also called for scrapping a requirement

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Tax

From the Tax Law Offices of David W. Klasing

IRVINE, Calif., Aug. 27, 2024 /PRNewswire/ — According to a Department of Justice press release, a Connecticut man recently pleaded guilty to tax evasion on income that he earned engaging in a fishing operation. This story details the potential consequences that a taxpayer can face if they intentionally violate federal income tax laws. If you

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Tax

How to make the grand tax deal stick

It’s supposed to be a grand bargain. The Colorado legislature appears on course to pass a relatively small property tax cut this week. In exchange, conservative advocates have agreed to cancel their own campaign to cut taxes much more deeply with a pair of ballot measures this November. If it works, both sides can claim

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Tax

Legislators kill most special-session bills but advance bigger tax cut, constitutional change

Colorado legislators winnowed 13 property-tax bills down to just four during the first day of a special session Monday but put a bill at the center of a governor-negotiated deal on a collision course with a constitutional amendment that could upend that deal. In the most anticipated hearing of the day, the House Appropriations Committee

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Tax

Colorado Legislature debates further property tax cuts as special session convenes • Colorado Newsline

The Colorado General Assembly gaveled in on Monday to consider a property tax proposal that backers say is a compromise deal to get rid of a pair of ballot initiatives that would severely cut local funding. The House was nearing the end of its final committee hearing at 6 p.m. on Monday evening, ushering through

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