HOLLAND, MI -- Holland city leaders are easing the tax burden on downtown property owners in an effort to provide financial relief during the COVID-19 pandemic.
At its Oct. 7 meeting, the Holland City Council approved a one-time reduction of two annual taxes and a promise not to increase another.
Called assessments, the tax reductions approved by council are a 10 percent decrease to the principal shopping assessment rate and a 5 percent decrease to the parking operations and maintenance assessment rate both paid once a year on the winter tax bill by downtown property owners.
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Are Higher Taxes Coming? Three Things To Watch For
California's Proposition 15 would remove caps on taxing commercial real estate above a certain value. It would raise taxes on these entities by some $10 billion. Who would pay these new levies? Small businesses would be hard hit with higher rents.
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Illinois has a referendum that would replace the state's low, flat income tax with a progressive system that would slam higher-income earners. Added to the state's existing taxes, the referendum would make Illinois the most heavily taxed state in the country, with the exception of New York, New Jersey and California.
Congressional hopeful Elliott pays disputed N.Y. taxes
State Sen. Joyce Elliott, the Democratic candidate for Congress in Arkansas' 2nd Congressional District, paid delinquent New York taxes last month, after resisting payment for more than a decade.
In an interview, the Little Rock lawmaker said she decided to settle the matter after disputing the taxes for years.
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A tax warrant of $9,234.32, dating to September 2011, and another for $349.87, dating to March 2018, were satisfied on Sept. 9, according to the New York State Department of State's online Tax Warrant Notice System.
Donald Trump just revealed *a lot* more than he meant to about his tax returns - CNNPolitics
In case you are keeping track:
Liza Horvath, Senior Advocate: Trustee is personally liable for taxes – Monterey Herald
Question: Your last column, "Probate by pick-up truck," was interesting. You underscored the need to address the deceased person's tax liabilities and said the IRS could come after beneficiaries for satisfaction of unpaid taxes. This concerns me because I am the trustee of my dad's estate and my siblings are pushing me to distribute everything. I am sure my dad owes taxes, but my siblings want to just roll the dice as to whether or not the IRS comes after them for payment.
Baker says his budget proposal 'does not raise taxes.' Technically, it does - The Boston Globe
In releasing a revised budget plan Wednesday, Governor Charlie Baker emphasized that while it increased spending amid a revenue shortfall, it was notable for what it didn't do. "It does not raise taxes," the governor said at a State House news conference.
While not novel, its inclusion is notable, given Baker's declaration against broad-based tax hikes and his promise to veto any tax increases should the Legislature pass any as part of the budget process in the coming weeks.
Robert T. Brockman indicted with $2 billion in tax evasion, the largest in U.S.
Robert T. Brockman was so paranoid that the Internal Revenue Service would catch on to his scheme, prosecutors said, that in June 2016 the Texas billionaire allegedly ordered his offshore money handler to travel the United States destroying paper evidence and "electronic media" with shredders and hammers.
But on Thursday, prosecutors alleged that his decades-long tax fraud scheme, the largest in American history, had finally caught up to him. A federal grand jury in San Francisco indicted Brockman, 79, on 39 charges, including tax fraud, wire fraud, evidence tampering and money laundering, authorities said .
CFOs Weigh Impact of Higher Taxes on Balance Sheet Ahead of Election - WSJ
Finance executives are weighing the potential impact of higher taxes on their companies' cash flows, debt and other core items on the balance sheet ahead of the Nov. 3 U.S. elections.
Taxes play a crucial role in determining which strategies businesses pursue—even more so following the 2017 tax overhaul , which reduced corporate tax rates to 21% from 35%.
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