Sentences with phrase «certain state taxes»

Not exact matches

The lawmakers took issue with certain provisions they say would hurt their constituents in high - taxed states.

(To make things more complicated, certain states also have high taxes, which need to be accounted for, as well.)

Still, if you're above a certain net worth, the impact you face in state taxes can be reduced.

While Democrats call the plan a boon to the rich, some aspects of the plan — mainly the elimination of state and local tax deductions — will mean a tax hike for certain high - income earners.

But some taxpayers in certain states — including New York and New Jersey — can prepay taxes owed for at least part of 2018.

Fourteen states have legal marijuana on the ballot in 2016, and a recent report showed that, under certain circumstances, legalization could generate $ 28 billion in tax revenue at the federal, state, and local levels.

Part of this might be the company's desire to avoid having a legal connection to certain states, so it doesn't have to collect sales tax.

(Most states follow suit, but a few tax S corps at the company level in certain cases.)

A portion of this income may be subject to state and local income taxes, and if applicable, may subject certain investors to the Alternative Minimum Tax as well.

Maybe they manipulated the tax system in other ways, including taking advantage of certain domestic state laws that allow for a degree of anonymity.

One of the biggest challenges is going to be in certain high - cost parts of the country where they have high home prices, relatively high property taxes or high state income taxes, then that's ultimately going to make the cost of owning a home more expensive.

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

Desert Newco is subject to entity level taxation in certain states, and certain of its subsidiaries are subject to entity level U.S. and foreign income taxes.

Certain applications require the proof of your income such as W - 2 forms, paystubs, or their tax records that can verify the income stated.

In the U.S., tax amnesty often takes the form of a certain window during which state governments allow delinquent taxpayers to come in from the cold.

Schwab Equity Ratings use a scale of A, B, C, D and F and are assigned to approximately 3,000 stocks headquartered in the United States and certain foreign nations where companies typically locate or incorporate for operational or tax reasons.

Certain changes to U.S. tax laws, including limitations on the ability to defer U.S. taxation on earnings outside of the United States until those earnings are repatriated to the United States, could affect the tax treatment of our foreign earnings, as well as cash and cash - equivalent balances we maintain outside the United States.

The company said that it intends use the net proceeds from the arbitration award, after federal and state taxes of approximately 37 percent and certain other expenses, to repurchase Mondelez International Class A Common Stock, subject to final approval by the Board of Directors and actual receipt of the proceeds.

Under the first of those agreements, we generally will be required to pay to the Continuing LLC Owners approximately 85 % of the applicable savings, if any, in income tax that we are deemed to realize (using the actual applicable U.S. federal income tax rate and an assumed combined state and local income tax rate) as a result of (1) certain tax attributes that are created as a result of the exchanges of their LLC Units for shares of our Class A common stock, (2) any existing tax attributes associated with their LLC Units the benefit of which is allocable to us as a result of the exchanges of their LLC Units for shares of our Class A common stock (including the portion of Desert Newco's existing tax basis in its assets that is allocable to the LLC Units that are exchanged), (3) tax benefits related to imputed interest and (4) payments under such TRA.

Our effective tax rate differs from statutory rates primarily due to our pass - through entity structure for U.S. income tax purposes, while being treated as taxable in certain states and various foreign countries as well as for certain subsidiaries.

However, it is reasonably possible that certain federal, foreign and state tax issues may be concluded in the next 12 months, including issues involving transfer pricing and other matters.

Currently, taxpayers who itemize their deductions (meaning they don't take the standard deduction) can deduct what they've paid in certain state and local taxes.

While the state sets certain guidelines and assists counties with administering the property tax, counties are responsible for the appraisal of property and the calculation of tax rates.

The percentage of direct U.S. government obligation interest available for tax - exempt treatment may be limited in states that require the fund to meet certain minimum thresholds.

This includes federal and state income taxes, as well as other taxes such as personal property taxes, vehicle taxes, and certain other small taxes.

And, residents of certain states with high state tax or inflated real estate taxes may also end up paying more.

«It certain parts of our state, the federal tax plan is far more beneficial — which is good.

The New York Land Bank Association, which is made up of 23 land banks across the state, has plans to lobby the state Legislature to pass increases on certain taxes relating to buying and selling properties.

«It's utterly unprecedented in the United States,» said Paul Sonn, legal co-director of the National Employment Law Project in Washington, D.C. «We're not aware of any state that has adopted a tax credit remotely resembling this one, which will have the taxpayer pick up the tab for the cost of the minimum wage increase for a certain category of worker.»

«I'm looking to have balance throughout the state when it comes to tax cuts, when it comes to education aid, and it seems that certain members in the room when it comes to another branch their only concern is New York City and Mayor de Blasio,» Skelos told reporters.

Paterson quickly signed five pieces of legislation on his first day in office: to add the New York State Department of Labor to the New York City Transit Track Safety Task Force; to eliminate a law that discouraged employers from holding blood drives; to change the way in which members are appointed to a state health and research board; to restore eligibility caps to certain senior employment programs; and to grant tax exemptions to several local development corporations in New York SState Department of Labor to the New York City Transit Track Safety Task Force; to eliminate a law that discouraged employers from holding blood drives; to change the way in which members are appointed to a state health and research board; to restore eligibility caps to certain senior employment programs; and to grant tax exemptions to several local development corporations in New York Sstate health and research board; to restore eligibility caps to certain senior employment programs; and to grant tax exemptions to several local development corporations in New York StateState.

Cuomo has floated the idea of big changes to the state's tax code, including a new tax on certain investment income and a payroll tax, which could be used to replace some or all of the state's income tax.

However, Republican Senate Co-leader Dean Skelos has stated that he is open to certain mechanisms of publicly funding campaigns such as a voluntary tax check - off.

Funding mechanisms for enforcement would include a check box on tax forms for publically - funded campaigns, money from the unclaimed funds property fund and a ten percent surcharge for certain state Supreme Court cases.

In the 2009 episode that Judge Caproni said she would allow discussion of if the defense were to «open the door,» prosecutors said Mr. Silver used his official Assembly letterhead in 2009 to write to a state agency, seeking a reduction in tax valuations of certain buildings in his district.

It's a win for Gov. Andrew Cuomo, a Democrat positioning himself for a possible presidential bid, who along with other blue state governors has blasted Republicans in Congress for targeting their high - tax, high - wealth precincts through certain provisions of the $ 1.5 trillion Tax Cuts and Jobs Atax, high - wealth precincts through certain provisions of the $ 1.5 trillion Tax Cuts and Jobs ATax Cuts and Jobs Act.

The ban would include holding public or civil office, receiving certain tax credits and bidding or obtaining state contracts.

The Cuomo administration wants to decouple the state's tax code from the federal government's to restore certain deductions.

Cuomo announced he will advance legislation codifying into state law an agreement between organized labor and developers on a lucrative tax incentive program for developments that include a certain percentage of affordable units in New York City.

I would imagine if the State went to those who fall in this tax bracket and asked them defer the expiration of the tax on the condition that the state would reimburse them for the amount of the deferral with interest at some later date certain, the vast majority of us would happily aState went to those who fall in this tax bracket and asked them defer the expiration of the tax on the condition that the state would reimburse them for the amount of the deferral with interest at some later date certain, the vast majority of us would happily astate would reimburse them for the amount of the deferral with interest at some later date certain, the vast majority of us would happily agree.

While Gov. Andrew Cuomo and his counterparts from California and New Jersey seemed dead - certain about the tax bill's intent, there are still an array of questions about how states would respond.

Those involved with building affordable housing across the state are bracing for a potential significant impact as the House and U.S. Senate look to reconcile legislative differences when it comes to how certain types of municipal bonds are treated in the federal tax code.

Who is it that tried to curry favor with a certain segment of NYC voters last year by out - of - the - blue giving every welfare recipient a $ 200 check out of the state till (i.e., our tax dollars)?

Converting taxes to fees: The state gives local governments the right to exclude certain fees from property tax cap calculations.

The Greens hit Cuomo hard on two issues of concern to certain upstate constituencies: his refusal to call for an outright ban on hydrofracking, and his plan to limit property tax increases, which will probably result in cuts to the state workforce.

In New Jersey and California, top Democratic officials want to let people make charitable contributions to the state instead of paying certain taxes.

Passage of the bill would revise the federal income tax system by: lowering individual and corporate tax rates; consolidating the current seven tax income rates into four rates; eliminating the deduction for state and local income taxes; limiting certain deductions for property taxes and home mortgages; and creating a new system of taxing U.S. corporations with foreign subsidiaries.

Tax Overhaul — Vote Passed (227 - 205, 2 Not Voting) Passage of the bill would revise the federal income tax system by: lowering individual and corporate tax rates; consolidating the current seven tax income rates into four rates; eliminating the deduction for state and local income taxes; limiting certain deductions for property taxes and home mortgages; and creating a new system of taxing U.S. corporations with foreign subsidiariTax Overhaul — Vote Passed (227 - 205, 2 Not Voting) Passage of the bill would revise the federal income tax system by: lowering individual and corporate tax rates; consolidating the current seven tax income rates into four rates; eliminating the deduction for state and local income taxes; limiting certain deductions for property taxes and home mortgages; and creating a new system of taxing U.S. corporations with foreign subsidiaritax system by: lowering individual and corporate tax rates; consolidating the current seven tax income rates into four rates; eliminating the deduction for state and local income taxes; limiting certain deductions for property taxes and home mortgages; and creating a new system of taxing U.S. corporations with foreign subsidiaritax rates; consolidating the current seven tax income rates into four rates; eliminating the deduction for state and local income taxes; limiting certain deductions for property taxes and home mortgages; and creating a new system of taxing U.S. corporations with foreign subsidiaritax income rates into four rates; eliminating the deduction for state and local income taxes; limiting certain deductions for property taxes and home mortgages; and creating a new system of taxing U.S. corporations with foreign subsidiaries.

Schumer visited Clay and other parts of the state Wednesday to step up his campaign against proposals from the newly confirmed Treasury secretary and Republican members of Congress to eliminate certain, closely held tax deductions for New Yorkers and other Americans.

In a move that could cause major tension in the House, the Senate bill also would prohibit Americans from deducting certain state and local taxes from their federal bills, a change that could raise taxes overall for Americans in high - tax states such as New York, New Jersey, California, Oregon and Illinois.