Sentences with phrase «federal tax breaks for»

The companies were also lured by state and federal tax breaks for green manufacturers and by cleantech research grants.
In addition, it paved the way for federal appropriations and federal tax breaks for charter school construction.
But Trump's upset victory over Democrat Hillary Clinton in the Nov. 8 presidential election has cast doubt on the future of a federal tax break for renewable energy seen critical to the industry's continued growth.
Democratic officials in some high - tax states are pushing legislation that would retain a federal tax break for state and local taxes, a deduction that was capped in the recent GOP tax overhaul
According to PointofLaw.com, plaintiffs» attorneys are seeking a $ 1.6 billion federal tax break for contingent - fee lawyers that would allow them deduct expenses as made, rather than in the year of settling a suit.
As such, this account is another option when it comes to scoring a federal tax break for 2017... so long as you make the contribution by, you guessed it, Dec. 31.

Not exact matches

Federal breaks for state and local taxes, known as SALT, are among the itemized deductions that Congress seeks to limit.
These retirement tax breaks amount to a significant loss of tax revenue for federal, state, and local government budgets.
The federal tax code doesn't tax less for those who live in SF where the median house costs $ 1.5 M to give them a break.
Keep in mind, the majority of education tax breaks are designed for taxpayers who are single filers or who use the «married filing jointly» filing status on their Federal return.
The biggest tax break for individuals allows people who live in states without an income tax to deduct state and local sales taxes on their federal returns.
In a week when business lobby groups are appearing before the House of Commons Committee on Finance and calling for more tax breaks, the federal R&D Panel appointed a year ago released a very good report saying Canada's very generous system of R&D tax incentives haven't been effective and what we need instead are more direct grants -LSB-...]
Rep. Mike Thompson Introduces Tax Bill to Benefit U.S. Wine Industry: North Coast Rep. Mike Thompson proposed a series of federal tax breaks Monday for the U.S. wine industry, including a proposal to slash a tax on sparkling wine that has lingered since the aftermath of ProhibitionTax Bill to Benefit U.S. Wine Industry: North Coast Rep. Mike Thompson proposed a series of federal tax breaks Monday for the U.S. wine industry, including a proposal to slash a tax on sparkling wine that has lingered since the aftermath of Prohibitiontax breaks Monday for the U.S. wine industry, including a proposal to slash a tax on sparkling wine that has lingered since the aftermath of Prohibitiontax on sparkling wine that has lingered since the aftermath of Prohibition...
These two entrepreneurs are lobbying the federal government to give a tax break for families using cloth diapers.
And Gillibrand — who also faces re-election for a full 6 - year term this fall — herself has been pretty vocal on reproductive rights, pushing back with Connecticut Sen. Richard Blumenthal against a Republican - led bill on the federal level that would eliminate tax breaks for insurance premiums on plans that provide abortion coverage.
These features, combined with the power to dispense billions in federal and state funds, bond for debt, grant extensive tax breaks, override local land use laws, and take private property through eminent domain, makes the ESDC one of New York's most powerful honey pots.
Time for state and federal government to end subsidies and tax breaks for polluters.
Embattled state Sen. John Sampson pleaded not guilty in Brooklyn federal court Tuesday to charges that he lied to federal prosecutors about asking a staffer to seek tax breaks for...
Embattled state Sen. John Sampson pleaded not guilty in Brooklyn federal court Tuesday to charges that he lied to federal prosecutors about asking a staffer to seek tax breaks for a liquor store he secretly owned.
Specifically, Mulgrew urged state lawmakers to impose a «claw - back» tax on large corporations that pass the savings from their federal tax breaks along to top executives and shareholders instead of financing new jobs and higher salaries for workers.
Galesi received tax breaks for environmental remediation at the new Golub headquarters; $ 583,162 a year in tax exemptions for the new Center City building, and was recently rolled into a federal package to receive money to demolish a former county department of social services building so the land could be used for apartments.
That is, Republicans may be hoping that without the break on federal taxes I was getting for my high property, city and state taxes, I may vote to reduce taxes — and thus spending — at all levels of government.
Now, though, with the state planning to slash funding for Medicaid and education, legislators, particularly in the Assembly, were pushing for its extension, arguing that the state's wealthiest had already received a federal break when the Bush tax cuts were continued this past December.
ALBANY — The Republican leader of the New York State Senate broke with national GOP leaders Thursday over plans to eliminate the federal deduction for state and local taxes.
To help pay for those breaks, the new federal law caps the deductibility of state and local taxes for individuals at $ 10,000.
... Developers who so happen to be Cuomo donors and recipients of tax breaks and copious state money for similar signature economic development projects are also at the center of federal criminal cases against two former aides to the... (read more)
But state and federal politicians from New York argue repealing the tax break would amount to a form of double taxation for residents of high - tax states like New York, New Jersey and California.
Both receive massive tax breaks in return for providing «community benefit,» a poorly defined federal requirement that they serve their neighborhoods.
To entice a presidential signature of the legislation — which would create tax breaks for parents» public and private education expenses — House and Senate negotiators have included a new reading program in it and deleted language that would have blocked plans for new national tests and transformed most federal education funding into block grants.
AFC awarded high marks to Florida's program for its broad eligibility, reaching families with incomes of up to 200 percent of the federal poverty level; for the generosity of the tax break to donors, a dollar - for - dollar match with a cap that increases automatically each year; and for the large size of scholarships, nearly $ 6,000.
But by claiming a tax break known as the Saver's Credit, singles and heads of households who contribute to a 401 (k), IRA (traditional or Roth) or similar retirement account may qualify for a tax credit of as much as $ 1,000, while married couples filing jointly may be able to snag a credit of up to $ 2,000, in effect making the federal government a partner in building your retirement nest egg.
The NDP's platform does include subsidies in the form of tax breaks for landlords to construct affordable rental units, but Mulcair has refused to say if he would use the federal government's regulatory powers to tighten lending rules and cool the market.
Called 529 savings plans, all 50 states now have some way for households to start saving for college — and each state offers their own advantages to investors, including both federal and, in some cases, state tax breaks.
Literally hundreds of potential federal tax breaks are out there for the taking.
Your MAGI is used to determine your eligibility for various Federal tax benefits — including education tax breaks, the adoption tax credit, the retirement savings contribution credit, and many more.
While you don't get a tax break for contributions on the federal level, all earnings will grow tax free and the money can be withdrawn tax free for eduction purposes.
He suggests cutting support for construction of at - risk homes, doing away with breaks like the federal mortgage tax deduction.
Other programs that provide economic support for coal include federal and state tax breaks, the Rural Utilities Service loan guarantee program, research on new combustion technologies by the Department of Energy, and the Department of the Interior's coal leasing program.
In addition to his opposition to meaningful action to reduce global warming pollution, Paul Ryan's budget called for «drastic cuts in federal spending on energy research and development and for the outright elimination of subsidies and tax breaks for wind, solar power and other alternative energy technologies.»
And smart grid companies want federal grants for projects to modernize the nation's electricity grid, as well as tax credits for companies that use so - called smart meters or devices and software to reduce power use (see Smart Grid Coalition Seeks Tax Breaks for Negawatttax credits for companies that use so - called smart meters or devices and software to reduce power use (see Smart Grid Coalition Seeks Tax Breaks for NegawattTax Breaks for Negawatts).
It's a federal «production tax credit» that gives windmill operators a $ 22 tax break for every megawatt hour of juice they produce.
According to the Wikipedia article on wind power generation in Iowa, the industry is subsidized by a one cent per KwH tax credit, plus property and sales tax breaks for generation facilities and equipment, plus unenumerated but presumably meaningful support by taxpayers of other states in the form of federal subsidies.
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Contributor Jon Gorey shares advice on tax breaks homebuyers can take advantage of, including the 30 % federal solar tax credit - recommending EnergySage for comparing quotes from reputable installers.
Currently our Federal and Provincial Governments are paying a hefty premium for wind produced energy as well as providing substantial tax breaks and subsidies for wind farm developers.
A long - term Republican budget plan released this week by Representative Paul Ryan of Wisconsin calls for drastic cuts in federal spending on energy research and development and for the outright elimination of subsidies and tax breaks for wind, solar power and other alternative energy technologies.
None of these electric cars will ever succeed without a federal directive of tax incentives and funding on par with tax breaks to oil companies and fuel mpg requirements for auto mfg.
Still, more reputable sources like Autoblog are now confirming a $ 43k price for the base trim, which translates to $ 35k after federal tax breaks — and a little less if you live in states like California where there are further rewards for doing the right thing.
The report, released today by the International Institute for Sustainable Development, a Canadian - based think tank, outlines how billions in federal and provincial tax breaks and corporate incentives benefit companies in the oil and gas sector like Imperial Oil, whose earnings in 2015 were CDN$ 1.1 billion.
This is because state governments do not have income or property that is amenable to being seized for payment of taxes in a manner that prevents mass chaos from breaking out (e.g. if the federal government tried to seize a state capitol building or court house for failing to pay its federal capitation tax).
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