Sentences with phrase «in state tax revenues»

Last year operators there generated $ 1 billion in legal sales and $ 140 million in state tax revenues.

The report found that the Diaper Bank's distribution of free diapers to low - income families is associated with increases in the personal income of recipients, the elimination of medical expenses and increases in state tax revenue.

This in turn creates relief for public schools from variable costs, which creates savings for taxpayers despite the reduction in state tax revenue.

Not exact matches

By paying workers as independent contractors when they should be paid as employees, federal, state and local governments potentially miss out on tax revenue they would otherwise collect; this tax gap was the focus of a special report to Congress in 2011 and continues to be an area of focus today.

The World Bank estimates that this sub-heading generated only $ 4.2 million in (estimated) tax revenue for the Canadian government, as 91 % of Canada's imports of these items were manufactured in the United States and are eligible for tariff free status under NAFTA, though this requires companies obtain certificates of origin and wade through NAFTA rules - of - origin regulations that are over 500 pages long.

A new report says state tax revenues increased in the final three months of last year as the improving economy boosted income and sales taxes receipts.

That tax bonanza, though, is likely to depress revenues in 2013 - 2014: states, warned the Rockefeller Institute, are on a revenue roller coaster.

More importantly, though, dividends and capital gains tend to go up and down with the economy, which has translated in wild tax revenue swings for states that rely heavily on personal income taxes.

«In addition to ending a key front in the racist war on drugs, regulating and taxing marijuana would generate hundreds of millions of dollars of tax revenue for our people and create important agricultural opportunities for our state,» Nixon said in the Twitter videIn addition to ending a key front in the racist war on drugs, regulating and taxing marijuana would generate hundreds of millions of dollars of tax revenue for our people and create important agricultural opportunities for our state,» Nixon said in the Twitter videin the racist war on drugs, regulating and taxing marijuana would generate hundreds of millions of dollars of tax revenue for our people and create important agricultural opportunities for our state,» Nixon said in the Twitter videin the Twitter video.

Though most states theoretically require consumers to track and pay sales tax on purchases even if the tax isn't collected by the vendor, that rule has gone largely unenforced, leading to billions in lost revenue for cities and states.

Raising taxes to increase state revenue was not an option for Bredesen, who is the first Tennessee governor in modern times to complete two terms without raising the state sales tax.

It's also unclear whether the new law will hurt tax revenues in high - tax states, in ways that might paradoxically push them to raise taxes even more.

Fourteen states have legal marijuana on the ballot in 2016, and a recent report showed that, under certain circumstances, legalization could generate $ 28 billion in tax revenue at the federal, state, and local levels.

The above - referenced editorial also points out that 48 % of state and local revenues collected in N.J. come from property taxes, which is off - the - charts high: «No other state derives more than 41 percent of its revenue from that source; the U.S. average is 33.1 percent.»

The state has since been bumped from the list by the Dominican Republic and Portugal, but still grapples with double - digit unemployment, the after - effects of the housing bubble and a US$ 1.3 - billion drop in income tax revenue in the first four months of this year.

«When Wall Street does well, the city and state benefit from higher tax revenues,» Thomas DiNapoli, the state comptroller, said in a statement.

A prolonged downturn in oil and natural gas markets continued to ripple through New Mexico's economy over the summer and into the fall, undermining state tax revenues.

With that increase, the share of the income tax in total state tax revenue increased by about 19 percent.

Eliminating the state and local tax deduction would raise about one - quarter of the $ 4 trillion in revenues that some Republicans say they need to prevent tax cuts from creating a massive increase in the federal budget deficit.

Four states, plus Washington, D.C., have recently legalized recreational pot, and Colorado and Washington are already raking in millions of dollars in tax revenue from their legal markets.

With tax rates up to 40 percent, these businesses can generate hundreds of millions in state revenues.

The first state to legalize marijuana for both medical and recreational use is enjoying a boom in tax revenues and employment.

State governments eager for cannabis revenue need to remember the people who have sold pot tax - free for years are still in business.

There are several ways that an entrepreneur or small business executive can become proficient in understanding what data their business needs to keep (in order to make better business decisions) and what reports they need to generate (for the Internal Revenue Service and state tax authorities).

Last month, Governor Jack Dalrymple called for a decrease in the state budget, since tax revenues are down and the budget outlook for the state is different from two years ago, when the price of oil was topping $ 100 per barrel.

The study's authors say they used the same methods researchers developed in a 2009 report titled «State and Local Government Sales Tax Revenue Losses from Electronic Commerce,» compiled by business professors at the University of Tennessee.

Rockefeller expects state and local tax revenues to fluctuate over the coming quarters as a result of the tax bill, as high - income taxpayers look for new loopholes in the law and adjust their behavior accordingly.

State and local governments saw a big jump in tax revenues in the final three months of 2017, due in large part to an increase in the prepayment of income and property taxes as some high - income residents sought to take advantage of deductions that will be sharply reduced in 2018.

For the state, it could mean falling short of the $ 44 million to $ 82 million in annual revenue it expected to collect from the 17 percent tax on pot sales.

State and local governments saw a big jump in tax revenues in the final three months of 2017, due in large part to an...

«Mark - Up of H.R. 3996, The Temporary Tax Relief Act of 2007 and H.R. 3997, The Heroes Earnings Assistance and Relief Act of 2007,» Hearing Before the Committee on Ways and Means, United States House of Representatives, November 1, 2007; «Baucus, Grassley Tackle Alternative Minimum Tax Relief on First Day of 110th Congress,» Press Release, January 4, 2007; «Easing the Family Tax Burden,» Hearing Before the Committee on Finance, United States Senate, March 8, 2001; «Revenue Proposals and Tax Cuts in the President's Budget,» Hearing Before the Committee on Finance, United States Senate, February 28, 2001; «President's Tax Relief Proposals: Individual Income Tax Rates,» Hearing Before the Committee on Ways and Means, House of Representatives, February 13, 2001; Jerry Tempalski, «The Impact of the 2001 Tax Bill on the Individual AMT,» National Tax Association Proceedings: 94th Annual Conference on Taxation, November 10, 2001.

Average 2016 State tax refund in GA based on data provided by the Georgia Department of Revenue.

The Rockefeller Institute of Government, which released a new state revenue report on Monday, said that «The Tax Cuts and Jobs Act (TCJA), enacted in late December 2017, created strong incentives for some high - income taxpayers to act fast and prepay their state and local income and property taxes to take advantage of the expiring tax breaks, namely the state and local tax (SALT) deduction, which is capped at $ 10,000 per year as of January 1, 2018.&raqTax Cuts and Jobs Act (TCJA), enacted in late December 2017, created strong incentives for some high - income taxpayers to act fast and prepay their state and local income and property taxes to take advantage of the expiring tax breaks, namely the state and local tax (SALT) deduction, which is capped at $ 10,000 per year as of January 1, 2018.&raqtax breaks, namely the state and local tax (SALT) deduction, which is capped at $ 10,000 per year as of January 1, 2018.&raqtax (SALT) deduction, which is capped at $ 10,000 per year as of January 1, 2018.»

State and local tax revenues grew at a significantly faster pace in the final quarter of 2017, according to preliminary...

Additionally, some high - tax states are exploring ways to reduce the impact of the new tax rules, and the success or failure of those measures could affect revenues in ways that are hard to predict.

«State and local tax revenues will likely continue to fluctuate in the coming quarters as various entities, including states, high - income taxpayers, pass - through entities, corporations, and tax professionals are examining the new rules of the game, exploring loopholes, and looking into ways to minimize tax liability in light of the new provisions of the TCJA,» Daydan wrote.

In the short term, states would likely lose some tax revenue by creating a State GRA because contributions would be tax - deductible and State GRAs would likely entice some workers to save earnings that would have otherwise been taxed.

In theory, such choices are designed to attract other industries to the province in much the same way that Texas, which has no state income tax, tries to use its oil revenues to convince companies in footloose industries, like electronics, to set up shop in the statIn theory, such choices are designed to attract other industries to the province in much the same way that Texas, which has no state income tax, tries to use its oil revenues to convince companies in footloose industries, like electronics, to set up shop in the statin much the same way that Texas, which has no state income tax, tries to use its oil revenues to convince companies in footloose industries, like electronics, to set up shop in the statin footloose industries, like electronics, to set up shop in the statin the state.

Almost all revenue from taxes on property in the United States is collected by state and local governments.

The slow - motion train wreck began with an obscure Tax Court of Canada ruling in 2003, in which the judge sided with insurer State Farm against the Canada Revenue Agency.

Financial stress sweeps over the United States during this time of year, with people rushing to fit into their accountants» jam - packed schedules to get their taxes in order and ready for the Internal Revenue Service (IRS).

According to Bloomberg, the top 1 percent of earners paid half of the state's income tax revenue in 2014.

Additionally, minority - owned businesses contribute close to $ 49 billion in local, state and federal tax revenues.

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.

They have been struggling with three major sources of fiscal stress: slow tax revenue growth, growth in pension contributions that has been heavily concentrated in a few states, and Medicaid spending growth driven by recession - related enrollment.

Tax officials in a few states said they do not track individual tax payments, though state budget officials typically follow total quarterly tax payments by the rich to make sure revenue projections hold Tax officials in a few states said they do not track individual tax payments, though state budget officials typically follow total quarterly tax payments by the rich to make sure revenue projections hold tax payments, though state budget officials typically follow total quarterly tax payments by the rich to make sure revenue projections hold tax payments by the rich to make sure revenue projections hold up.

In 37 states, pension contributions plus state - funded Medicaid grew by more than state and local government tax revenue between 2007 and 2014, in real per - capita termIn 37 states, pension contributions plus state - funded Medicaid grew by more than state and local government tax revenue between 2007 and 2014, in real per - capita termin real per - capita terms.

In surging, gold blurted out the Deep State Central Planners» strategy for dealing with the Great Financial Crisis: the hyperinflation of bond, equities and real estate prices via the hyperinflation of both official and totally clandestine, off - the - books money supply, in order to create the hyperinflation of tax revenues desperately required by the government to forestall its fiscal collapsIn surging, gold blurted out the Deep State Central Planners» strategy for dealing with the Great Financial Crisis: the hyperinflation of bond, equities and real estate prices via the hyperinflation of both official and totally clandestine, off - the - books money supply, in order to create the hyperinflation of tax revenues desperately required by the government to forestall its fiscal collapsin order to create the hyperinflation of tax revenues desperately required by the government to forestall its fiscal collapse.

Some $ 24 million in cuts are due to a new 2 percent handling fee the state is charging local governments for managing sales tax revenue, a part of the transit agencies» funding, according to the Tribune.

While property taxes in the state serve as an important source of revenue for local governments and public services (including public education) the average Alabama homeowner pays just $ 550 per year in property taxes.