IRONTON — Ohio seniors and disabled veterans could see a break on their taxes in upcoming years if a bill co-sponsored by State Rep. Jason Stephens is approved by the state legislature.
Stephens, R-Kitts Hill, and State Rep. Jeff LaRe, R-Violet Township, will introduce a bill Monday that will tie those receiving the homestead exemption to inflation, Stephens said Friday.
"We're trying to get more co-sponsors right now," Stephens said. "It would keep taxes from going up as much for those on fixed income. It should help."
Summit County's sales taxes are beating 2019 levels | ParkRecord.com
Summit County is on track to receive more than $1 million more in sales tax revenue this year than it had anticipated, a pace that took budget officials by surprise and is beating pre-pandemic levels.
"We didn’t have the impact on our local economy that we had thought," Matt Leavitt, Summit County's finance director, told the County Council on Wednesday about the effects of the pandemic. "Things are continuing to go better this year than they were in 2019, the non-COVID year, let alone 2020."
Iowa liquor taxes seventh-highest in nation | News | clintonherald.com
(The Center Square) – The amount of money charged for liquor nationwide varies widely state-by-state, and federal and Iowa alcohol taxes push the price residents pay per bottle the seventh highest in the country.
Relying on data provided by the Distilled Spirits Council of the United States, the Tax Foundation calculated implied excise tax rates in states with government monopoly sales.
Changing Inheritance Taxes Would be Devastating for Farmers
Nigh: Certainly, the ag community has been very interested and involved in the discussions around potential changes to the tax code. So, really, it was a culmination of the ag community being interested, expressing that interest through their grassroots efforts with their elected officials, and then those elected officials asking Texas A&M to take a look.
Nigh: AFPC maintains a database of 94 representative farms in 30 states. And so, this took a look at what the impact would be. And it found that if both the STEP Act and the 99.5 Percent Act were simultaneously implemented, 92 of the 94 representative farms would be impacted, with additional tax liabilities incurred averaging $1.43 million per farm.
Wisconsin liquor taxes ninth-lowest in nation | State | apg-wi.com
(The Center Square) – The amount of money charged for liquor nationwide varies widely state-by-state, and federal and Wisconsin alcohol taxes push the price residents pay per bottle the ninth lowest in the country.
Relying on data provided by the Distilled Spirits Council of the United States, the Tax Foundation calculated implied excise tax rates in states with government monopoly sales.
Major Boost For Local Governments Reliant On Sales Taxes | News, Sports, Jobs - Post Journal
Local sales tax collections in May increased by 57.8% over the same month in 2020, the highest one month increase in recent history, state Comptroller Thomas P. DiNapoli said Wednesday.
“For the second straight month, local sales tax collections had a tremendous boost. Strong collections in May show the economy continues to improve as spending rebounds from the effects of the COVID-19 pandemic and the standstill it created in New York state in March 2020,” DiNapoli said.
Cannabis taxes in Oklahoma keeping pace as law changes structure of state collections | Marijuana
The Oklahoma Medical Marijuana Authority reported proceeds in excess of $60 million in combined taxes from the state's cannabis industry through May, with numbers showing revenue remains consistent amid the ongoing COVID-19 pandemic.
Information the OMMA released last week indicates the agency took in $28,861,478 from January through May from the 7% excise tax on all medical cannabis sales in Oklahoma. It also said it logged $35,616,897 in state and local sales taxes on those transactions during the same time period.
LIPA accelerating efforts to lower taxes on its power plants | Newsday
The National Grid power plant on Shore Road in Glenwood Landing, on Nov. 7, 2014. Credit: Steve Pfost
LIPA's decadelong effort to lower the taxes it pays for power-plant and other utility properties will be expanded in 2021, as it prepares to go to trial over Nassau plants and could see a legal challenge to its previous settlement with Brookhaven Town.
In a presentation last month, LIPA staff said despite two settlements already reached to lower the taxes it pays on the Northport and Port Jefferson power plants, LIPA's taxes and related fees still make up around 19% of customer bills — three times higher than the national average for electric utility customers.
Leading Manhattan DA Candidate Has Repeatedly Paid Virtually No Federal Income Taxes — ProPublica
The leading candidate to take over the investigation relating to former President Donald Trump's taxes paid virtually no federal income taxes in four of six recent years.
Tali Farhadian Weinstein, who is married to hedge fund manager Boaz Weinstein, is running for Manhattan district attorney in the Democratic primary, in which early voting has already begun. She and her husband reported income as high as $107 million in 2011, and she recently donated $8.2 million to her campaign — more than her seven Democratic rivals have raised in total.
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