Sentences with phrase «changes in the state tax»

Cuomo led and closed his 2018 - 19 budget address Tuesday by underscoring the need to adapt a dramatic change in the state tax code to counter a federal tax law passed last month by the Republican - controlled Congress and President Donald Trump.

He said changes in the state tax laws also affected revenue collections.

That would also be a complex maneuver and would require changes in the state tax code as well as local laws.

But Pennsylvania faces a $ 2 billion budget deficit even without that new spending on schools, and so Wolf's plan depends on changes in state taxes, including a new tax on gas production and increases in both personal income and sales taxes.

Not exact matches

The bigger a small business is, the more likely it is to support the tax changes being promoted by President Donald Trump and GOP leaders in Congress, and the more likely the business is to expect immediate benefits, according to the fourth - quarter CNBC / SurveyMonkey Small Business Survey, conducted with more than 2,000 small - business owners across the United States between Nov. 20 and Dec. 4, using the SurveyMonkey's online polling methodology.

CHICAGO, May 2 - Kraft Heinz Co's quarterly profit beat expectations as the Tater Tots - maker benefited from tax changes in the United States and raised prices to counter higher input costs, sending shares up 4 percent after the bell.

This would include deductions for state and local tax payments, a change that could alienate support from lawmakers in states such as California and New York with higher state taxes.

«We know businesses are concerned about the outcome of North American Free Trade Agreement talks and tax changes in the United States,» he said.

For small - business owners in high - tax states like California and New York, this change represents a significant departure from earlier tax years.

WITH State legislation before the Parliament in preparation for the introduction of Australia's new tax changes — now less than nine months away — there is also a need to ensure the Government is GST compliant by next July.

The IMF said Monday that the tax changes were expected to stimulate activity «with the short - term impact in the United States mostly driven by the investment response to the corporate income tax cuts.»

Every tax law will in some way change a state's competitive position relative to its immediate neighbors, its region, and even globally.

States do not enact tax changes (increases or cuts) in a vacuum.

Demand from individuals should remain steady given modest changes in top marginal tax rates and the cap on state and local tax deductions, while demand from banks and insurance companies should decline given the lower corporate tax rates.

Tax reform of this magnitude is the biggest change we've seen in a generation and will require intense focus to understand not only how the changes apply at the federal level, but also to navigate the ripple effect this is likely to have on state taxation as well.

CHICAGO, May 2 Kraft Heinz Co's quarterly profit beat expectations as the Tater Tots - maker benefited from tax changes in the United States and raised prices to counter higher input costs, sending shares up 4 percent after the bell.

In his note on the NRF site, U.S. co-head of projects for the United States, Keith Martin outlines 11 other areas of change to the tax code which can effect project finance.

Though the Near - Term Tax Free Fund seeks minimal fluctuations in share price, it is subject to the risk that the credit quality of a portfolio holding could decline, as well as risk related to changes in the economic conditions of a state, region or issuer.

Changes to the tax code, including capping the mortgage interest deduction and state and local tax (SALT) deduction, will increase the burden of state and local taxes in these states.

Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, operating in a highly competitive industry; changes in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes in relationships with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the United States and in various other nations in which we operate; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives we use; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events in the locations in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.

Initial estimates from the Department of Budget and Management suggest Maryland residents could pay as much as $ 680 million in extra state taxes next year unless the state changes its tax laws.

However, state constitutions generally require balanced budgets, which can force countervailing changes in outlays and tax rules.

It reduced the cap on borrowing subject to the mortgage interest deduction (MID) from $ 1 million to $ 750,000, and capped deductions for state and local taxes, including property taxes, at $ 10,000.1 These changes, in combination with a doubling of the standard deduction, mean that many homeowners will experience a loss of tax benefits associated with homeownership, and the changes represent a significant shift in the federal government's willingness to promote and subsidize homeownership.

States tend to allow fewer deductions and credits than the federal government does, but especially in states with state - level Earned Income Tax Credits, eliminating deductions and credits outright (perhaps except for a standard exemption, but even that could be hard to implement) would be a significant change, and potentially a tax hike on poor famStates tend to allow fewer deductions and credits than the federal government does, but especially in states with state - level Earned Income Tax Credits, eliminating deductions and credits outright (perhaps except for a standard exemption, but even that could be hard to implement) would be a significant change, and potentially a tax hike on poor famstates with state - level Earned Income Tax Credits, eliminating deductions and credits outright (perhaps except for a standard exemption, but even that could be hard to implement) would be a significant change, and potentially a tax hike on poor familiTax Credits, eliminating deductions and credits outright (perhaps except for a standard exemption, but even that could be hard to implement) would be a significant change, and potentially a tax hike on poor familitax hike on poor families.

These states would need to think hard about how to implement the change in a way that ensures those families still get the benefits they receive under the current income tax regime.

It has also lobbied for the United States to ease tax rates on foreign profits brought back to the country, saying that such changes would allow the company to invest more freely in the U.S. economy.

They have stated the change in tax laws have not changed their spending plans.

Looking forward to 2018, recent changes to tax law (including a permanent reduction in the US corporate tax rate) could benefit many businesses based in, or with heavy exposure to, the United States.

To offset the remaining costs, the illustrative plan would also add two more changes — changing the corporate rate to 22 percent, as suggested by President Trump, and eliminating the state and local tax deduction (both corporate and individual) in its entirety.

Because the changes in tax law may not affect all investor classes equally and may be different depending on the state in which the investor is located, the effect of these changes on demand for tax - exempt bonds and required investor yields is still being determined.

The BC NDP platform states that all new money from carbon tax increases, in line with the federal mandate, will be used to provide rebate cheques for families, and to investing in climate change solutions.

(*) Changing the corporate tax code so that companies buying more in the United States and selling more outside the country would pay a lower tax rate on profits, while companies selling more in the US and buying less here would pay a higher marginal tax rate.

For peoples subject to, or allied with, the Roman state, this change in the form of government did not make a great deal of difference, except that in the early years of the empire the power struggles which accompanied the decline of the republic seemed to have come to an end, and tax - collection by private companies, often accompanied by extortion, was replaced by tax - collection by civil servants.

Using a spot rate of US$ 0.93, it stated that a 1 cent change in the currency results in a $ 2.3 million impact on earnings before interest, tax and the SGARA accounting standard for 2014 - 15.

Mr Pelle pointed to The Coca - Cola Company annual report for 2012, which states that if requirements like «beverage container deposits, recycling, eco tax and / or product stewardship» are adopted in any major markets in which Coca - Cola operates, «they could affect our costs or require changes in our distribution model, which could reduce our net operating revenues or profitability».

«Today, the New York State Senate acted on an important bill sponsored by Senator Felder that will protect hardworking New Yorkers from $ 1.5 billion in new and higher taxes, and prevent the state from receiving a windfall from recently enacted federal tax changes,» Senate Majority Leader John Flanagan State Senate acted on an important bill sponsored by Senator Felder that will protect hardworking New Yorkers from $ 1.5 billion in new and higher taxes, and prevent the state from receiving a windfall from recently enacted federal tax changes,» Senate Majority Leader John Flanagan state from receiving a windfall from recently enacted federal tax changes,» Senate Majority Leader John Flanagan said.

The Government's statement issued today states that: The Finance Bill introduced in March 2017 provided for a number of changes to tax legislation that were withdrawn from the Bill after the calling of the general election.

Here's a primer on how the STAR property tax exemption program is changing, though some state lawmakers are already trying to prevent those changes, approved in the latest budget, from taking place.

And changing what has been controlling our otherwise out - of - control taxes would be a mistake, because New York State continues to have some of the highest local taxes in the nation,» the letter states.

Westchester County Executive George Latimer pointed to the $ 10,000 cap on state and local tax deductions by the federal government as having «changed the game» for taxpayers in New York, making the limit on tax levy increases all the more important.

The Felder bill would change the state's tax law by basing personal income off the federal IRC in effect on or before Dec. 1 — before Congress acted on its tax cut legislation.

Apparently labour introduced an increase of pension age to 65 in 1995 but failed to inform the women of the 50's who would be most directly affected, the government failed its legal duty to inform all women personally of this change, they tried to get away with this by stating they didn't have any current details, except they forget that they have all details from PAYE, us women still received all our NI demands and self - assessments as well as any tax or child benefit details, so they do have out details, they just failed to carry out this legal action.

A bill introduced Thursday night by Sen. Simcha Felder would change the state's tax law in order to address the federal tax overhaul that caps the amount of money taxpayers can deduct in state and local taxes at $ 10,000.

Governor Andrew Cuomo has begun a count down clock to promote tax code changes approved in December that will lower taxes for the state's middle class.

Cuomo says he's also looking at changes to the state tax code in response to the federal overhaul.

Cuomo is expected to overhaul the state's tax structure in his budget as a way to mitigate changes in the federal tax overhaul that could harm some New York taxpayers.

State Comptroller Tom DiNapoli issued a report that finds New York residents «stand to lose more than $ 72 billion in reported deductions for income and property taxes» if the proposals to change the federal tax code are approved.

He said in some parts of the state, including upstate New York, most taxpayers will benefit from the federal tax changes and the new, larger standard deduction.

New York State does not have a revenue problem, Adams said, pointing to data from the state's Division of the Budget showing that total state tax receipts are up $ 2.2 billion this fiscal year and will grow another $ 2.4 billion in 2008 - 09 without any change in our tax code or regulatory State does not have a revenue problem, Adams said, pointing to data from the state's Division of the Budget showing that total state tax receipts are up $ 2.2 billion this fiscal year and will grow another $ 2.4 billion in 2008 - 09 without any change in our tax code or regulatory state's Division of the Budget showing that total state tax receipts are up $ 2.2 billion this fiscal year and will grow another $ 2.4 billion in 2008 - 09 without any change in our tax code or regulatory state tax receipts are up $ 2.2 billion this fiscal year and will grow another $ 2.4 billion in 2008 - 09 without any change in our tax code or regulatory fees.

One day after Governor Cuomo and legislative leaders announced major changes in the state's tax code, lawmakers, who are voting on the measure, are busy portraying the deal in the best possible light.