Sentences with phrase «federal tax law which»

The Congressional Budget Act of 1974 defines tax expenditures as «revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability.»

The charitable deduction falls into a category of revenue losses, so - called tax expenditures, attributable «to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability.»

Not exact matches

This federal bill, which has been revived several times, will pave the way for the collection of sales tax on Internet sales, and will reverse the severe damage to small online businesses caused by «Affiliate Nexus Tax» latax on Internet sales, and will reverse the severe damage to small online businesses caused by «Affiliate Nexus Tax» laTax» laws.

The change in the current tax law regarding MLPs could result in the MLP being treated as a corporation for federal income tax purposes which would reduce the amount of cash flows distributed by the MLP.

Oregon's new law, which aims to provide fully tax - sponsored abortions, could result in a withdrawal of federal funds.

--- Creating a «family partnership» under federal tax laws, which allows you to divide business income among family members.

james, stop showing your ignorance... there is nothing ethically wrong with a church expressing political views (especially when they are in SUPPORT of the administration in charge)... however the only way they could lose their exempt status is if they started breaking federal tax exemption laws... which they have not... so stuff it.

Windsor sought to claim the federal estate tax exemption for surviving spouses, but was barred from doing so by § 3 of the federal Defense of Marriage Act (DOMA), which amended the Dictionary Act — a law providing rules of construction for over 1,000 federal laws and the whole realm of federal regulations to define «marriage» and «spouse» as excluding same - sex partners.

Gov. Andrew Cuomo went to the Teamsters Local 456 headquarters in his home county of Westchester on federal Tax Day to sign legislation that he said was intended to circumvent the new federal tax law, which caps income tax deductions for state and local taxTax Day to sign legislation that he said was intended to circumvent the new federal tax law, which caps income tax deductions for state and local taxtax law, which caps income tax deductions for state and local taxtax deductions for state and local taxes.

U.S. Sens. Charles Schumer and Kirsten Gillibrand should expect to get a federal income tax cut worth thousands of dollars next year under the new Republican tax law, which they both fought and voted against, based on their 2017 tax returns.

«If the federal government really wanted to help workers — which is what they said all along; that they wanted to help workers, they wanted to help the middle class — if that's what they wanted to do, then the law they passed would have mandated that the corporations tax cut windfall go to pay workers higher wages or go to create jobs,» the governor said.

The occasion for this insult was the latest open letter from the Democratic governor calling on Faso to «stand with his constituents» in opposition to the the federal tax reform law, which narrowly passed the House and Senate in December without a single Democratic vote — and without Faso's vote, either.

WASHINGTON — New York's two Democratic senators, Chuck Schumer and Kirsten Gillibrand, should each expect to get a federal income tax cut worth thousands of dollars next year under the new Republican tax law, which they both fought and voted against, according to projections based on their 2017 tax returns.

One proposal that has taken a hit in popularity, however, is the governor's push to sue the federal government over the December federal tax reform law, which garners 49 percent support, down from 58 percent in January.

And it must restore the elimination of state and local tax deductibility, which has been the foundation of the federal income tax law since its creation more than a century ago.»

Thus, as part of the budget proposal, the governor called for restructuring the state's tax code to find was to work around the federal law — which limits the deductibility of state, local and property taxes.

He discussed at length how the law ends the longtime practice of letting taxpayers deduct state and local taxes from their Federal income taxes, which he said will take a significant chunk of New Yorker's income next year.

The governor says the new taxes, which would raise most of the money from the healthcare industry, are necessary to deal with an expected drop in federal aid and the loss of revenue under the new federal tax law.

A report in Sunday's New York Times said Democrats in some states, perhaps including Governor Cuomo, were considering proposals to «replace state income taxes, which are no longer fully deductible under the new [federal] law, with payroll taxes on employers, which are deductible.»

«The Federal Government is also using the data to generate «nudge» letters which are being sent to those identified as being potential tax defaulters,» said Adeosun while responding to questions raised by journalists during the submission of progress report on tax laws reform.

Cuomo has proposed far more sweeping changes to the state's tax code that he says are needed to soften the blow of the new federal tax law, which will raise the federal taxes of many New Yorkers by capping a deduction for state and local taxes at $ 10,000.

The rainy - day fund, which is designed for fiscal emergencies, suddenly grew to about $ 875 million under the expiration of a federal law that prompted major hedge funds in Fairfield County to pour tax money into state coffers before the end of 2017.

The Senate suggests that the city adopt the cap in light of the new federal tax law, which eliminates federal income tax deductions for state and local taxes (SALT).

He framed the proposal as a way to hit back at the new federal tax law, which he called «the biggest giveaway to the wealthy and corporations in our history.»

Episode 27 - $ 168.2 billion — Maria Doulis & Dave Friedfel of CBC discuss the Governor's Executive Budget for Fiscal Year 2018 - 2019, which includes topics of budget growth, Medicaid, school aid, economic development, and proposals dealing with the changes in the federal tax law.

All he did was to get the people to pay PAYE which is a Federal tax law paid by all workers in Nigeria.

05-14-13... Missouri Lt. Governor Peter Kinder, who presides over senate, is urging the governor and legislative leaders to try to grow the gun manufacturing sector, in part thru filed bills which declare federal gun control laws unenforceable in Missouri and which give businesses tax incentives to gun manufacturers to relocate to Missouri Ozarks First

A plurality of 45 percent says they will be about the same financially as a result of the new tax law — which cuts federal tax rates but curbs deductibility of state and local taxes — while 33 percent say they will be worse off, and only 15 percent say they will be better off financially.

The federal tax plan, which Trump signed into law a few days before Christmas, caps the state and local tax deduction, also known as SALT, at $ 10,000, hurting high - tax states such as New York, New Jersey and California.

Notwithstanding any of the provisions of the Constitution, the Association shall not carry on any other activities not permitted to be carried on (a) by a corporation exempt from Federal income tax under Section 501 (c) 3 of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law) or (b) by a corporation, contributions to which are deductible under Section 170 (c) 2 of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law).

Prof. Joost Pauwelyn, a law professor at Duke University subsequently published U.S. Federal Climate Policy and Competitiveness Concerns: The Limits and Options of International Trade Law, which holds out strong hope that border tax adjustments could pass muster under WTO and GATT (General Agreement on Tariffs & Trades) rullaw professor at Duke University subsequently published U.S. Federal Climate Policy and Competitiveness Concerns: The Limits and Options of International Trade Law, which holds out strong hope that border tax adjustments could pass muster under WTO and GATT (General Agreement on Tariffs & Trades) rulLaw, which holds out strong hope that border tax adjustments could pass muster under WTO and GATT (General Agreement on Tariffs & Trades) rules.

The irony in the Ninth Circuit outcome is that the tax - credit mechanism, which Arizona adopted in order to avoid legal challenges, created a new pitfall; there is little doubt that a program that offered vouchers directly to parents instead would now be acceptable as a matter of federal law.

When you file bankruptcy, federal law imposes an «automatic stay» which prohibits your creditors from taking any action (including phone calls) to collect debts from you including court judgments and tax debts during the pendency of the bankruptcy.

WASHINGTON — U.S. Mortgage Insurers (USMI) President and Executive Director Lindsey Johnson issued the following statement on the federal budget deal passed by Congress and signed into law by President Trump today, which includes an extension of the tax deduction for mortgage insurance (MI) premiums.

In case you missed it, we have a brand - new Federal income tax law which commenced on January 1, 2018, called the «Tax Cuts and Jobs Act of 2017 tax law which commenced on January 1, 2018, called the «Tax Cuts and Jobs Act of 2017 Tax Cuts and Jobs Act of 2017 ``.

U.S. Mortgage Insurers (USMI) President and Executive Director Lindsey Johnson issued the following statement on the federal budget deal passed by Congress and signed into law by President Trump today, which includes an extension of the tax deduction for mortgage insurance (MI) premiums.

Texas does allow wage garnishment for some debts, specifically, those for child support payments, certain IRS tax debts (which are garnished under federal wage garnishment laws), and student loan debts.

A bond, issued at a dollar price less than par which qualifies for special treatment under federal tax law.

WARNING: this example uses the deduction for college tuition WHICH IS NOT CURRENTLY AVAILABLE ON IOWA TAX RETURNS (FOR 2016 AND 2017) AS IOWA DID NOT «COUPLE» WITH FEDERAL LAW THOSE YEARS.

Current federal tax law requires the holder of a U.S. Treasury or other fixed income zero coupon security to accrue as income each year a portion of the discount at which the security was purchased, even though the holder receives no interest payment in cash on the security during the year.

State income, business, and estate tax returns, personal property tax returns, and confidential records held pursuant to § 58.1 - 3 (which include any information with respect to the transactions, property, including personal property, income or business of any person, firm or corporation and any copy of a federal return or federal return information required by Virginia law to be attached to or included in the Virginia return)(§ 2.2 - 3705.7 (1)-RRB-

In the year of disposition the adjustment will be a subtraction for gain attributable to installment payments to be made in future taxable years provided that (i) the gain arises from an installment sale for which federal law does not permit the dealer to elect installment reporting of income, and (ii) the dealer elects installment treatment of the income for Virginia purposes on or before the due date prescribed by law for filing the taxpayer's income tax return.

Magna believes there is a tremendous opportunity to increase awareness, especially in light of the recent tax reform law increasing the federal estate tax exemption, which may eliminate the need for many policies purchased as an estate planning tool.

Magna believes there is a tremendous opportunity to increase awareness, especially in light of the recent tax reform law which raised the amount to be excluded from the federal estate tax, of policy owners who previously used insurance as an estate planning tool.

We greatly appreciate your generous donation, which is tax - deductible to the extent allowed by federal law.

The new law will be changing the federal corporate tax rate for C - Corporations, which currently ranges from 15 - 35 percent to a flat 21 percent rate.

A blog launched this month by a Michigan law firm may be the first devoted exclusively to the federal Religious Land Use and Institutionalized Persons Act, a 2000 law designed to prevent local governments from making land - use decisions that disfavor religious groups, which are exempt from paying property taxes.

These highly accomplished lawyers have shared their deep understanding of the laws governing partnership taxation through their collaborative efforts producing the leading treatise on the subject, Federal Taxation of Partnerships and Partners (Warren, Gorham & Lamont), which is widely consulted by tax planners and cited by the courts.

Other courts which administer laws in Alberta include the Federal Court of Canada, the Tax Court of Canada and the Supreme Court of Canada.

Keen observers following the development of Federal tax laws in the UAE will have noticed the recent publication of the Federal Tax Procedures (FTP) Law which was announced in the press on 1 Augutax laws in the UAE will have noticed the recent publication of the Federal Tax Procedures (FTP) Law which was announced in the press on 1 AuguTax Procedures (FTP) Law which was announced in the press on 1 August.