December 21, 2024
Tax

Sales tax ballot measure sparks debate about potential impact on state’s bond rating • South Dakota Searchlight

Opponents of a Nov. 5 ballot measure that would reduce state sales tax collections worry it could be the final straw that breaks South Dakota’s AAA bond rating — a criticism that the measure’s proponents dispute. The measure is intended to repeal state sales taxes on groceries, but opponents say its imprecise language could broaden

Read More
Tax

Mainers will be able to file federal taxes for free in 2025 • Maine Morning Star

Mainers will be able to file their federal taxes online for free starting in the 2025 tax season. The Internal Revenue Service piloted a Direct File system allowing free online filing last tax season, and while Maine was not one of the 12 states that piloted the program, state officials confirmed Maine will opt into

Read More
Tax

Massachusetts’ sales tax holiday to begin Saturday

BOSTON, Mass. (WLNE) — Massachusetts will hold their 2024 sales tax holiday starting tomorrow. The holiday will run until Sunday, August 11. According to Mass.gov, most retail items of up to $2,500, purchased in Massachusetts for personal use on these two days, will be exempt from sales tax. The following items are still taxable and

Read More
Tax

Coca-Cola to raise reverse Yankee debt by selling €1 billion of Euro debt

Coca-Cola is a behemoth in every right. That means big profits and financial implications with a multi-billion-dollar price tag. The company, which sells its eponymous drink pretty much in every part of the world, has been in a long-drawn dispute with tax authorities in the U.S. over a $16 billion charge that it could possibly

Read More
Tax

Central Health board gives first OK to new tax rate, considers future revenue options

Friday, August 9, 2024 by Chad Swiatecki Central Health’s Board of Managers is preparing to set a higher tax rate. Its new property tax rate will be almost 10.8 cents per $100 of taxable value, which will translate to an increase of $66 per year for owners of homes with a taxable value of just

Read More
Tax

Longview City Council approves 2024 tax rate, but not in consensus

LONGVIEW, Texas (KLTV) – As proposed, six of the seven voting members of the Longview City Council approved for the 2024 property tax rate to remain the same as what it is this year: $0.5169 per $100 valuation. An increase in the property tax rate was previously suggested at the most recent budget workshop as

Read More
Tax

City renews tax deal to redevelop downtown Tucson’s long-vacant Hotel Arizona as a Hyatt

After a 12-year vacancy, the Hotel Arizona in downtown will become a Hyatt Regency hotel under a new lease agreement with the city of Tucson.  The lease agreement and tax break on the hotel with developers Pueblo Center Partners and HSL Circle Properties is a renewal of an agreement from November 2019 that expired in

Read More
Tax

MPRB proposes tax levy increase for 2025

The Minneapolis Park and Recreation Board (MPRB) Commissioners voted to support a tax levy increase at its Tuesday meeting. The MPRB said the increased levy request of 10.07% was made to the Board of Estimate and Taxation (BET). According to MPRB, the increase would be used to maintain current park service levels and care for

Read More
Tax

Proposed property tax increase notices sent to 230K Johnson Co. residents

JOHNSON CO., Kan. (KCTV) – Notices for proposed property tax increases will soon be in the mailboxes of hundreds of thousands of Johnson County residents. Johnson County, Kansas, officials announced on Thursday, Aug. 8, that on or before Saturday more than 230,000 notices of proposed property tax increases will be sent as required by law.

Read More
Tax

University Health property tax rate likely to remain the same in 2024-2025

Bexar County commissioners this week heard a presentation about next year’s University Health System budget that leaves its property tax rate unchanged. The annual budget for the county’s system of public hospitals and clinics has weighed in around $3 billion, about the same as the county’s entire total budget. Commissioners will likely formally adopt a

Read More