Sentences with phrase «as changes to the federal tax code»

The budget released last week comes when the state faces a $ 4.4 billion shortfall, a number largely expected to widen as changes to the federal tax code take effect.

Not exact matches

The Federal and State of California tax codes provide for restrictive limitations on the annual utilization of net operating losses to offset taxable income when the stock ownership of a company significantly changes, as defined.

Several Democrats also indicated that changes to the state tax code, designed as workarounds on new federal limits on the deductibility of state and local taxes, will be part of the spending plan in some form.

On Friday and Saturday the state legislature approved the $ 168 billion, 2018 - 19 State Budget, with a deal that includes a new state tax code as a response to federal changes and more money for education.

New York State Comptroller Tom DiNapoli warns of a «problematic» budget season, as the state faces a structural deficit, changes to the federal tax code, and uncertainty over continued funding from Washington.

However, with the federal tax code changing as well, they have a great deal of work to do.

An account owner generally is permitted to change the beneficiary to another qualified member of the family, as defined under the Internal Revenue Code, without triggering income tax and 10 % additional federal tax.

You generally are permitted to change the beneficiary to another qualified member of the family, as defined under the Internal Revenue Code, without triggering income tax and 10 % additional federal tax.

As policymakers begin work on a major overhaul to the federal tax code, which could include eliminating or changing the deduction, and amid widespread concern about rising student debt levels, leaders should bear in mind that altering the provision would have implications for higher education and tax policy across levels of government.

Even as the state faces a potential recession and changes to the federal tax code, California Gov. Jerry Brown (D) made significant investments in the state's child welfare and juvenile...

This year is different, Giovaniello said, because as Congress discusses ways to reduce the federal deficit and whether to change the tax code, some of the government's longstanding incentives for home ownership, including the mortgage interest deduction and other provisions, will come under debate.

This year is different, Giovaniello said, because as Congress discusses ways to reduce the federal deficit and whether to change the Tax Code, some of the government's longstanding incentives for home ownership, including the mortgage interest deduction and other tax provisions, will come under debaTax Code, some of the government's longstanding incentives for home ownership, including the mortgage interest deduction and other tax provisions, will come under debatax provisions, will come under debate.