Sentences with phrase «current sales tax»

This application will require over 430,000 voter signatures to make the ballot, but hopefully the effects of cancelling the affiliates program have generated enough outrage that the citizens will take a stand with Amazon against what it feels is a punitive violation of current sales tax legislation.

But the proposal by Democratic legislators Dave Donaldson and Jennifer Schwartz Berky, which would maintain the current sales tax distribution formula for another five years, faces opposition from Republican legislature Chairman Ken Ronk, who says he's disinclined to approve a «status quo» agreement.

In addition, the new proposed tax would eliminate the current sales tax on diet sodas as well as on bottled water, the Times reported.

They included measures that would let White Plains increase its sales tax by.25 percent, Franklin County impose a hotel tax of 5 percent, and Cortland and Broome Counties keep their current sales tax rates.

We join other business organizations, such as the BC Chamber of Commerce, in applauding today's announcement that B.C. will establish a new Commission on Tax Competitiveness, with a goal of modernizing our current sales tax.

Not exact matches

Current EBIT (earnings before interest and tax) rose 4.8 percent to 448 million, while net profit jumped 26 percent to 193 million euros partly because of capital gains on the sale of its industrial services division in the United States.

These independent sellers would also be subject to audits from up to 46 states, the current number of states that impose a sales tax.

The current, physical presence standard protects business owners from what amounts to taxation without representation, since a state can not impose its sales tax on purchases if the seller has no store, warehouse, or office located in the state.

The current place has appreciated $ 300K in 5 years, allowing me not only to live for free, but making an extra $ 56K if I sold today, including mortgage payments, insurance, property taxes, sales commission, improvements, and not even counting the interest deduction, which is equal annually to my property taxes.

Those considering current year charitable contributions who are also facing long - term capital gains tax on the sale of highly appreciated shares after an initial public offering may realize a much more favorable income tax result and charitable impact by making a timely donation of a portion of their IPO shares (either during or after the lock - up period) directly to charity.

«We were particularly encouraged to see fiscal discipline in light of the continued economic uncertainty seen elsewhere in Canada and the world, the establishment of a commission on tax competitiveness to evaluate current taxation instruments like the provincial sales tax, and proposed changes to the property transfer tax to start addressing housing affordability by increasing the exemption threshold and introducing a third tax rate on higher - valued properties.»

This hypothetical illustration assumes the investor met the holding requirement for long - term capital gains tax rates (longer than one year), the gains were taxed at the current maximum federal rate of 23.8 %, and the loss was not disallowed for tax purposes due to a wash sale, related party sale, or other reason.

Contributing such assets may enable the donor to enjoy a current year tax deduction and potentially eliminate capital gains tax liability on the sale of the asset while allowing the charities they support to receive the most money possible.

Donating such assets may enable the donor to enjoy a current year tax deduction and potentially eliminate capital gains tax liability on the sale of the asset while allowing the charities they support to receive the most money possible.

Under current law, taxpayers not claiming the standard deduction can deduct both their state and local property taxes, and either their state and local income taxes or their state and local sales taxes, whichever is higher.

We can not predict the effect of current attempts to impose sales, income or other taxes on commerce over the Internet.

Sales and excise taxes / duties were up $ 535 million (1.1 %) in the current period compared to the same period in 2015 - 16.

Sales and excise taxes / duties were up $ 0.7 billion or 1.4 % in the current period compared to the same period in 2015 - 16.

Assets that have appreciated in value can be among the most tax - advantaged items to contribute to charity because you can enjoy a current year tax deduction and potentially eliminate capital gains tax liability on their sale.

Unlike under the current basis for tax credits, if someone has, say, expenditure on stock of # 5,000 in January and cash receipts from sales of # 5,000 in February, they will only get universal credit for one of those months, despite having no income overall.

KINGSTON — As the clock keeps ticking, the likelihood of the governor calling a special session of the legislature diminishes and that means any hope of passing legislation to allow Ulster County to keep its sales tax at its current level fades.

· Allowing counties an option to modify how they fund state mandated pension contributions · Providing counties more audit authority in the special education preschool program · Improving government efficiency and streamlining state and local legislative operations by removing the need for counties to pursue home rule legislative requests every two years with the state legislature in order to extend current local sales tax authority · Reducing administrative and reporting requirements for counties under Article 6 public health programs · Reforming the Workers Compensation system · Renewing Binding Arbitration, which is scheduled to sunset in June 2013, with a new definition of «ability to pay» for municipalities under fiscal distress, making it subject to the property tax cap (does not apply to NYC) where «ability to pay» will be defined as no more than 2 percent growth in the contract.

Under current law, companies like Amazon are only required to charge sales tax if a New York resident purchases from a New York company.

Split difference to offset the balance between reduced sales taxes / fees (continue current sin taxes) and income taxes.

If Poloncarz's Republican opponent, Assemblyman Ray Walter, wins the election and gets his way, town and city governments will receive an average $ 166 per resident from the 8.75 percent sales tax — compared to the current $ 139.

The road salt manufacturer originally was approved for $ 400,000 in future property tax savings, and $ 205,000 in sales tax savings for their current facility under construction at the former Bethlehem Steel plant site.

The Commission will conduct a comprehensive and objective review of the State's taxation policy, including corporate, sales and personal income taxation and make revenue - neutral policy recommendations to improve the current tax system.

In what was perhaps the biggest budget surprise, Murphy called for restoring the sales tax rate to seven percent from the current 6.625 percent, which he says would raise around $ 546 million in revenue.

Hein has declined to take a public stance on sales tax agreement except to say that he could support a short - term extension of the current formula, but only if it was linked to substantive changes in how the city and towns deliver services.

Essex County is hopeful the state legislature passes the extension of the current four percent sales tax, a bill that has $ 7 million resting on it for the county revenues.

Stefanik said at the time she could still vote for the final bill and would work to change its treatment of the SALT deduction, which under current law allows taxpayers to deduct property and sales taxes, and state income taxes.

The Governor signed the legislation, which will increase the state sales tax from 2 percent to 3 percent until the end of the 1985 calendar year, two weeks after signing into law $ 125 million in cuts to the state's general - revenue budget for the current fiscal year.

Proposition 104 Would remove the current limitation on how much revenue from the state sales tax is allowed to be spent on education.

What one education advocate describes as a «perfect storm» over school finance is brewing in Georgia, as a top lawmaker pushes to replace local property taxes for education with a statewide sales tax, even as the state gears up to fight a lawsuit from school districts over the current funding formula.

They're pushing to nearly triple the current 0.6 cent education sales tax to 1.5 cents, permanently.

The Our Schools Now citizen initiative effort is officially off and running — with the filing Tuesday morning of a petition that, if approved by voters next year — would over three years raise the current state sales and personal income tax rates by around $ 700 million annually.

For more information about the current school - Age population estimates and associated sales tax distribution, see Superintendent's Memo 207 - 17 - July 14, 2017

** Estimated monthly payments are based on a 2.5 % APR for 72 months with 20 % down on the current market average price, and excludes sales tax and other fees and charges that may vary by region or state.

DISCLAIMER: * Your additional costs are sales tax, tag and title fees for the state in which the vehicle will be registered, $ 995 freight (all new BMW models), any dealer - installed options (if applicable) Every Loaner Vehicle Internet Price includes current applicable manufacturer rebates and incentives, but certain conditions apply to some of these offers.

It is important to note that Amazon has maintained throughout the state - by - state struggle that it is in full compliance with the current legislation pertaining to the collecting of sales tax by an internet - or mail - order business.

Is it possible during the sale of our current house, or the purchase of the new house, to get out money to pay off the taxes?

Tax credit may be obtained for any previous sales or usage tax paid to another state by the current registered ownTax credit may be obtained for any previous sales or usage tax paid to another state by the current registered owntax paid to another state by the current registered owner.

You can obtain current market values from your county tax office, a real estate agent, an appraiser or a comparable property sale in your area.

Apparently congress thinks it's a good idea to require broker - dealers to report adjusted tax cost basis to investors and the IRS (current rules only require the reporting of sales proceeds).

In addition to the new home sales, the $ 8,000 first - time homebuyer tax credit has ignited the purchase market, along with low current mortgage rates.

For example, someone facing a 5 % state tax on capital gains would pay a total of 20 % on a current sale and 28.8 % on a deferred sale.

Under current law, the first $ 250,000 of profit on the sale of your principal residence is tax - free ($ 500,000 for married couples who file joint returns) if you have owned and lived in the home for at least two of the five years leading up to the sale.

You don't get the hefty Tax bill under current rules - but that exemption won't last forever - it would really suck to struggle paying the mortgage for a few years then be forced into a short sale or foreclosure and get a big tax bill for it as weTax bill under current rules - but that exemption won't last forever - it would really suck to struggle paying the mortgage for a few years then be forced into a short sale or foreclosure and get a big tax bill for it as wetax bill for it as well.

Issuing Company: ETF Securities Ltd Ticker: PPLT Expense Ratio: 0.60 % Tax Treatment: From the prospectus, «Under current law, gains recognized by individuals from the sale of «collectibles,» including physical platinum, held for more than one year are taxed at a maximum federal income tax rate of 28 %, rather than the 15 % rate applicable to most other long - term capital gains.&raqTax Treatment: From the prospectus, «Under current law, gains recognized by individuals from the sale of «collectibles,» including physical platinum, held for more than one year are taxed at a maximum federal income tax rate of 28 %, rather than the 15 % rate applicable to most other long - term capital gains.&raqtax rate of 28 %, rather than the 15 % rate applicable to most other long - term capital gains.»

Various costs (including sales charges, advertising fees, tax implications, etc.) poor market timing, as well as an investor's difficulty in choosing the right mutual fund from the thousands available (past performance is no indication of current performance), makes it virtually impossible to «pick a winner.»