The Atlanta City Council approved two major pieces of legislation – a new BeltLine tax district and short-term rental regulations – during a marathon meeting on March 15 that included three hours of public comment, a dozen amendments, and flaring tempers.
The Atlanta BeltLine special service district (SSD), which will see a 2-mill increase in taxes for commercial properties and apartment complexes located 0.5 miles on either side of the 22-mile trail, was approved by a majority of the council. Michael Julian Bond, Howard Shook, and Natalyn Archibong voted against the legislation, while Jennifer Ide abstained stating she had a financial interest in property on the BeltLine. Antonio Brown missed the meeting due to illness.
And here's another article:
Covid-Leave Guidance, Tools Overlap by Design, Officials Say
Frequently asked questions were an invaluable tool for employers that needed information about rapid-fire rulemaking and evolving guidance that shaped the federal pandemic response, government agency officials said March 15.
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The online postings and virtual forums became an information thoroughfare for a remote workforce, the Labor Department, and the Internal Revenue Service to engage around Families First Coronavirus Response Act (FFCRA) provisions. Similar resources also may become the arteries for guidance for the America Rescue Plan Act of 2021 (H.R. 1319).
The Most Draconian Tax Rule in the World - Lexology
Department of the Treasury, Internal Revenue Service: Denial of Deduction for Certain Fines,
GAO reviewed the Department of the Treasury, Internal Revenue Service's (IRS) new rule entitled "Denial of Deduction for Certain Fines, Penalties, and Other Amounts; Related Information Reporting Requirements." GAO found that the final rule (1) provides guidance on section 162(f) of the Internal Revenue Code (Code), 26 U.S.C.
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The Honorable Richard Neal
Chairman
The Honorable Kevin Brady
Republican Leader
Committee on Ways and Means
House of Representatives
And here's another article:
Can I Still Get A Tax Deduction For My HELOC M0rtgage?
As we enter the middle of Tax Season 2021, I'm hearing a lot of people asking the following questions about their mortgage interest, "Can I still deduct my home equity line of credit? Should I refinance to make it tax-deductible again? How do I know if I can deduct the home equity line of credit (HELOC) interest?" Below, we will answer your questions and more.
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Generally, homeowners may deduct interest paid on HELOC debt up to a max of $100,000. The new regulations contain some fine print you probably weren't aware of. The HELOC deduction is limited to the purchase price of the home. This may trip up some of you who have owned your home for decades or perhaps bought a real fixer-upper. For example, let's say you purchased a home for $70,000 and plan to put a ton of work into it.
Attorney General Chris Carr Urges Feds to Respect States' Ability to Cut Taxes - AllOnGeorgia
Certain provisions of the Act forbid states from using COVID-19 relief funds to "directly or indirectly offset a reduction in…net tax revenues" resulting from state laws or regulations that reduce tax burdens, whether by cutting rates or by giving rebates, deductions, credits, "or otherwise."
Attorney General Carr and his colleagues are urging Treasury to adopt a narrow interpretation of the language, warning that a broad interpretation would result in an unprecedented and unconstitutional intrusion on the sovereignty of the States.
Financial, tax relief proposed for Pennsylvania small businesses | Pennsylvania |
Maine Revenue Services Amends Sales Tax Regulations on Sales for Resale, Packaging Materials
Maine Revenue Services (MRS) March 1 amended regulations on sales for resale and sales of packaging materials for sales and use tax purposes. The rules include measures: 1) clarifying that MRS no longer issues a provisional resale certificate; 2) clarifying that a sale for resale isn't an exemption but an exclusion from retail, so sales tax isn't collected if the selling retailer receives appropriate documentation from the purchaser; and 3) making other technical changes.
Happening on Twitter
🚨 I'm looking for BIPOC freelance reporters in Atlanta, New York City and Los Angeles, and other major cities to co… https://t.co/KNHNA3dqza JstnMchl (from Brooklyn, NY) Wed Mar 17 15:21:20 +0000 2021
On the Atlanta shooting, the city police chief said it's too "early in this investigation to determine [the shootin… https://t.co/3gcDf6hrQw voxdotcom Wed Mar 17 15:55:27 +0000 2021
#BREAKING: A federal grand jury in Atlanta is investigating former Fulton County District Attorney Paul Howard and… https://t.co/jrBzGE05LF ajc (from Atlanta, GA) Tue Mar 16 22:03:02 +0000 2021
Developer sends letter to Atlanta mayor saying spike in city's crime is 'simply unacceptable' https://t.co/BrEgJEYF6I wsbtv (from Atlanta, GA) Tue Mar 16 03:21:06 +0000 2021
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