Sentences with phrase «if federal revenues»

The state budget in response would expand the role of the executive office and authorize the state budget director to reduce available funds during the fiscal year if federal revenues are lower than projected — including after the legislature signs off on the plan.

Not exact matches

If firms act to reduce that tax base in response to an increase in the federal rate, then provincial revenues will fall, even if the provinces haven't changed their rateIf firms act to reduce that tax base in response to an increase in the federal rate, then provincial revenues will fall, even if the provinces haven't changed their rateif the provinces haven't changed their rates.

The Tax Foundation found that federal revenue would fall by $ 2 trillion if the corporate tax cuts are put in place.

But in general, if a fast - track budget bill contains a provision that doesn't have anything to do with federal revenue and spending than it's probably «extraneous.»

If we assume the average federal tax rate on capital income is 25 per cent (most capital income is taxed in the higher 22 per cent, 26 per cent and 29 per cent tax brackets), this yields a revenue cost of $ 6.6 - billion, or 7 per cent of federal income tax revenues.

If the Conservatives hadn't touched the federal corporate tax rate when they took office in 2006 — if they'd kept it at 21 per cent instead of lowering it to 15 per cent — government revenues would be $ 13 billion higher, the Canadian Labour Congress argued in a paper last JanuarIf the Conservatives hadn't touched the federal corporate tax rate when they took office in 2006 — if they'd kept it at 21 per cent instead of lowering it to 15 per cent — government revenues would be $ 13 billion higher, the Canadian Labour Congress argued in a paper last Januarif they'd kept it at 21 per cent instead of lowering it to 15 per cent — government revenues would be $ 13 billion higher, the Canadian Labour Congress argued in a paper last January.

If you are missing any pertinent information or tax forms, you should contact the federal revenue service.

If the bill does not meet the budget resolution's instructions to reduce the federal deficit, any provision that results in either increased spending or decreased revenue is removed until it does meet those targets.

For winnings of $ 5,000.01 and over, your state's Department of Revenue removes the 25 percent federal withholding before you receive your winnings check (or, if it is an annuity, from each winnings check).

Because of the limitations of Internal Revenue Code Section 162 (m), we generally receive a federal income tax deduction for compensation paid to our chief executive officer and to certain other highly compensated officers only if the compensation is less than $ 1,000,000 per person during any fiscal year or is «performance - based» under Code Section 162 (m).

If you are, say, Dalton McGuinty, Jean Charest or Christy Clark, you should adamently oppose any increases in federal corporate taxes since you'll bear, depending on your preferred model, some or all (and then some) of the cost of increased federal corporate tax revenue.

On the other hand, if you wanted to keep aggregate government revenue the same, you could get away with increasing the GST to 6 - 7 % (and presumably compensate for the decreased federal revenue by reducing transfers to the provinces by $ 20 billion, leaving the provinces, collectively, in more or less the same position).

It said that the average federal income tax rate on pass - through business income was 19 percent and that if pass - through activity had remained at 1980s levels, that tax revenue would have been about $ 100 billion a year higher.

«If they were at the same 21 percent share of corporate profits as they had averaged in the two decades before these cuts, the federal government would have about $ 25 billion more in corporate tax revenues annually.

If you're self - employed, you'll provide information such as your federal tax returns from the past two years, and, if applicable, a current profit and loss statement showing year - to - date revenue and expenseIf you're self - employed, you'll provide information such as your federal tax returns from the past two years, and, if applicable, a current profit and loss statement showing year - to - date revenue and expenseif applicable, a current profit and loss statement showing year - to - date revenue and expenses.

If it was wrong for the Internal Revenue Service to make threatening noises against church groups opposing the Vietnam war, then it would be wrong for the Federal Communications Commission to start harassing broadcasters for airing the political views of another set of church groups.

No one with the requisite skill has done a revenue analysis of Gingrich's tax plan, but eyeballing the Tax Policy Center's analysis of the Perry Plan, I would be surprised if the Gingrich plan didn't reduce federal revenue by at least $ 3 trillion dollars over ten years.

But if schools set prices without including a share of such costs, revenues may not be sufficient to cover the total costs of competitive foods, resulting in a funding gap that must be filled from other sources, including federal funds.

That is as much added revenue as districts would receive if the federal reimbursement rate for all lunches were increased by 11 cents.

If schools want to offer competitive foods, the revenue from the sales of such food (and any non-federal revenues that state or local governments or school districts choose to provide) should cover the costs, without federal cross-subsidies.

«Even if it means a temporary advance from the federal government pending a detailed reconciliation of how much of the revenue loss is directly related to the international attack on the World Trade Center.»

If the switch from a state income tax to a payroll tax results in less revenue for the federal government, Congress might decide to no longer allow the deduction.

If enacted, the state would deposit the tax revenue in a proposed health care shortfall fund that would offset losses to New York from cuts in federal health care funding to the state.

But Republicans have insisted the bill, which adds nearly $ 1.5 trillion to the federal deficit, gives many if not most middle - class Americans a tax cut at the same level as the 21 percent corporate benefit, boosting investment, job creation, higher wages and offsetting tax revenues.

And the only way the trust fund can get some cash to pay Social Security benefits is if the federal government draws it from general revenues or borrows the money — which, of course, it can't do because of the debt ceiling.

If the state were able to count on the additional federal revenue, it could direct some of its own money elsewhere.

If adopted on a large scale in New York and California, the measure would sabotage Trump's federal tax law by sapping its revenue stream while compounding federal deficits years down the road, according to the tax experts.

And the budget doesn't make allowances for the loss of federal revenues if the Affordable Care Act is repealed, he noted.

Some believe that if the U.S. put a licensing system into place for federal waters out to the 200 - mile boundary, it would bring investment in fish farms and generate revenue.

Federal officials were heeding concerns from many publishers that PubMed Central infringes on their copyright and that advertising and other revenues would drop if readers were not directed to journals» own websites.

The shifting US political landscape should also help boost revenues for many companies investing in ESCs, if President Barack Obama expands federal funding for ESC research, says Brozak.

If you have no cap, you could, in theory, preside over the greatest federalization of education finance in the history of the United States, because the federal government would be the one taking in less revenue as a result of offering these tax credits.

If NCLB - induced costs actually surpassed the federal revenue flow, then states could simply refuse the money.

If the graduation rate increased to 90 percent for just one cohort of students, the country would see a $ 7.2 billion increase in annual earnings and a $ 1.1 billion increase in federal tax revenue.

The district would have $ 12 million more in revenue if the state and federal governments would fully fund the services that they require.

This is important to note because if Bernardo was the one who did it, the Federal government would be entitled to a large portion of the revenue.

(B) «Credit repair services organization» does not include: (i) Any person authorized to make loans or extensions of credit under the laws of this state or the United States who is subject to regulation and supervision by this state or the United States; (ii) Any bank or savings and loan institution whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Savings Association Insurance Fund of the Federal Deposit Insurance Corporation; (iii) Any nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986; (iv) Any person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (v) Any person licensed to practice law in this state if the person renders services within the course and scope of his or her practice as an attorney; (vi) Any broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission if the broker - dealer is acting within the course and scope of those regulatory agencies; or (vii) Any consumer reporting agency as defined in the federal Fair Credit Reporting Act (15 U.S.C. 1681 - Federal Deposit Insurance Corporation or the Savings Association Insurance Fund of the Federal Deposit Insurance Corporation; (iii) Any nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986; (iv) Any person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (v) Any person licensed to practice law in this state if the person renders services within the course and scope of his or her practice as an attorney; (vi) Any broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission if the broker - dealer is acting within the course and scope of those regulatory agencies; or (vii) Any consumer reporting agency as defined in the federal Fair Credit Reporting Act (15 U.S.C. 1681 - Federal Deposit Insurance Corporation; (iii) Any nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986; (iv) Any person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (v) Any person licensed to practice law in this state if the person renders services within the course and scope of his or her practice as an attorney; (vi) Any broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission if the broker - dealer is acting within the course and scope of those regulatory agencies; or (vii) Any consumer reporting agency as defined in the federal Fair Credit Reporting Act (15 U.S.C. 1681 - federal Fair Credit Reporting Act (15 U.S.C. 1681 - 1681t).

You can claim a boyfriend or girlfriend as a dependent on your federal income taxes if that person meets the Internal Revenue Service's definition of a «qualifying relative.»

If you do, the Internal Revenue Service will charge you a federal income tax penalty of 10 percent of the amount of money you take out.

Missouri Department of Revenue Form MO - 60 Application for Extension of Time to File Missouri grants an automatic extension of time to file to any individual, partnership, or fiduciary if you filed a Federal extension.

Georgia Department of Revenue Form IT - 303 Extension Request Federal extension will be accepted as a Georgia extension if: (1) The return is received within the time as extended by the INTERNAL REVENUE SERVICE, and (2) A copy of the Federal extension (s) is attached to the return whenRevenue Form IT - 303 Extension Request Federal extension will be accepted as a Georgia extension if: (1) The return is received within the time as extended by the INTERNAL REVENUE SERVICE, and (2) A copy of the Federal extension (s) is attached to the return whenREVENUE SERVICE, and (2) A copy of the Federal extension (s) is attached to the return when filed.

A refund anticipation loan also includes any sale, assignment or purchase of a consumer's tax refund at a discount or for a fee, whether or not the consumer is required to repay the buyer or assignee if the federal Internal Revenue Service reduces the consumer's tax refund.

«Credit Services Organization» does not include any of the following: (i) a person authorized to make loans or extensions of credit under the laws of this State or the United States who is subject to regulation and supervision by this State or the United States, or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act of 1987.

If Americans do not find a way to increase federal revenue, they will pay one way or another.

If we assume the average federal tax rate on capital income is 25 per cent (most capital income is taxed in the higher 22 per cent, 26 per cent and 29 per cent tax brackets), this yields a revenue cost of $ 6.6 - billion, or 7 per cent of federal income tax revenues.

A: It was pretty infuriating, actually, because we believe that if the federal government and the Canada Revenue Agency can work efficiently with Saskatchewan and with Quebec to provide the same kind of service under an agreement, why not with Ontario?

MELA or FAME Student Loan Revenue Bonds described in a Preliminary Official Statement may be offered, if at all, and may be sold, only by means of a final Official Statement provided by broker - dealers authorized and properly registered and licensed to make such offers and sales, and will be made only in accordance with applicable federal and state securities laws.

If you're self - employed, you'll provide information such as your federal tax returns from the past two years, and, if applicable, a current profit and loss statement showing year - to - date revenue and expenseIf you're self - employed, you'll provide information such as your federal tax returns from the past two years, and, if applicable, a current profit and loss statement showing year - to - date revenue and expenseif applicable, a current profit and loss statement showing year - to - date revenue and expenses.

The problem with this concept is that even if oil and gas prices are likely to increase in the future, thus increasing federal revenues from oil and gas leases on public lands, any such revenue coming from areas already open to production will be considered by CBO as already included in the baseline revenue picture.

If the White House is serious, they must know that the proposal as it currently stands, which does not envision opening up any new areas previously closed to oil and gas production, will not produce any new federal revenues, at least as far as the Congressional Budget Office (CBO) is concerned.