Sentences with phrase «of state tax codes»

Recognizing that government can't pay the bill for long - term care, federal and a growing number of state tax codes now offer tax incentives to encourage Americans to take personal responsibility for their future long - term care needs.

That was the logic Kansas Gov. Sam Brownback and his advisers used in 2012 when they carved out a part of the state tax code that didn't tax pass - through entities:

He also will propose a major retooling of the state tax code to deal with the federal tax changes and seek increased reserves in anticipation of further cuts from the feds.

The $ 168.2 billion spending plan revealed on Tuesday attempts to close a $ 4.4 billion deficit with a series of new «revenue raisers» — or new taxes and fees — paired with a proposed overhaul of the state tax code.

Not exact matches

The legislation would eventually cover every resident of the United States and be paid for by a series of changes to the tax code.

Nevertheless, rates remain lower than they were before the 2012 cuts, and this year's elimination of an exemption for pass - through income improves the neutrality of the state's income tax code.

No taxing authority is asserting or threatening to assert a claim against the Company under or as a result of Section 482 of the Code or any similar provision of any foreign, state or local Tax law.

In addition, this discussion does not address U.S. federal tax laws other than those pertaining to the U.S. federal income tax, nor does it address any aspects of the unearned income Medicare contribution tax pursuant to Section 1411 of the Code, or U.S. state, local, or non-U.S. taxes.

The White House and Republican leaders in Congress are discussing ways to jointly push through an overhaul of the tax code in the remainder of 2017 that cuts taxes and allows corporations to bring back trillions of dollars in overseas earnings to the United States.

Mr. Cook is also expected to argue that some of Apple's largest subsidiaries do not reduce Apple's tax liability, and to press for a sweeping overhaul of the United States corporate tax code — in particular, by lowering rates on companies moving foreign overseas earnings back to the United States.

In his note on the NRF site, U.S. co-head of projects for the United States, Keith Martin outlines 11 other areas of change to the tax code which can effect project finance.

Changes to the tax code, including capping the mortgage interest deduction and state and local tax (SALT) deduction, will increase the burden of state and local taxes in these states.

The Federal and State of California tax codes provide for restrictive limitations on the annual utilization of net operating losses to offset taxable income when the stock ownership of a company significantly changes, as defined.

The vast majority of that loss was due to a $ 13.6 billion provisional charge for taxes on $ 66 billion of foreign earnings that are going to be brought back to the United States due to the recent tax code overhaul.

Said the Chamber of Commerce head Hoan: «We are awaiting the details of the proposal by the governor and state legislature as they work towards restructuring our tax code to adapt to the loss of [that] deduction.

On top of new fees and taxes levied by state and local agencies on growers opting to join the regulated market, it can cost hundreds of thousands of dollars for growers like JD to bring their land up to code.

«The job comes with many risks, including the ability to repay, cost of maintenance, plumbing repairs needed, electric blackouts, appliances that break, local and state regulations, fire codes, and taxes and insurance required,» says Arik Kislin, real estate developer and CEO of New York City - based Linx Industries.

The United States tax code is so backward that billionaire investor Warren Buffett pays only 17 percent in income taxes, a rate even lower than that of his secretary.

The Truman Administration (a vigorous promoter of the welfare state) saw some merit in this prediction, which is why the tax code came to include a high deduction per kid.

The Hawaii State Junior Golf Association is a non-profit, tax - exempt organization under section 501 (c)(3) of the Internal Revenue Code and gains it's funding through memberships, sponsorships, grants and contributions.

One of the lighter moments of Gov. Andrew Cuomo's State of the State Address thia afternoon came aftrer he touted the reform of the tax code, (achieved during the late - December extraordinary session).

Now, governors and state legislators are considering how to adjust their own tax codes to shield residents from paying more or, in some cases, whether to apply any of the unexpected revenue windfall to other priorities instead.

Gov. Andrew Cuomo last week said he is eyeing an overhaul of the state's tax code in response to the federal tax legislation.

Cuomo is expected to unveil his own budget proposal by the end of the month that could include more details on his plan to restructure the state's tax code.

A panel of members of the state Senate and Assembly will gather today in Albany for a hearing on the state's tax code and Democratic Gov. Andrew Cuomo's call for $ 1 billion in new taxes and fees.

Gov. Andrew Cuomo's proposal to change the state tax code to get around the loss of deductions under the new federal law is «the work of a mind severed from reason and reality,» GOP gubernatorial candidate John DeFrancisco, the deputy state Senate majority leader, said.

For the second - straight day on Wednesday, Assembly Speaker Carl Heastie was critical of Cuomo's recent comments that pooh - pooed the prospect of increasing taxes on the rich this year by making changes to the state's tax code.

State Budget Director Robert Mujica told lawmakers they will have the full details of how the state could overhaul its tax code by Feb. State Budget Director Robert Mujica told lawmakers they will have the full details of how the state could overhaul its tax code by Feb. state could overhaul its tax code by Feb. 15th.

The Chartered Institute of Taxation (CIOT) has given its backing to plans for a European Taxpayer Code to set out common tax principles and taxpayer rights and obligations, which EU member states would be encouraged to adopt.

Governor Andrew Cuomo earlier this week said the state was exploring using a payroll tax as an alternative to the income tax in order to help residents hurt by new limits on deductions of state taxes from federal returns, under a sweeping overhaul of the U.S. tax code passed in late December.

From overhauling the state's tax code, to eliminating bail in some criminal cases, Gov. Andrew Cuomo delivered his annual State of the State speech in Albany on Wednesday, laying out his agenda for the new state's tax code, to eliminating bail in some criminal cases, Gov. Andrew Cuomo delivered his annual State of the State speech in Albany on Wednesday, laying out his agenda for the new State of the State speech in Albany on Wednesday, laying out his agenda for the new State speech in Albany on Wednesday, laying out his agenda for the new year.

New York is short $ 4.4 billion, and there's uncertainty over federal policies, including the overhaul of the tax code, that could leave the state with even a bigger budget hole in the future.

The initial version of @NYGovCuomo's Executive Budget left a pile of loose ends in the state tax code, including a potential $ 400m tax hi...

Cuomo, speaking on CNN over the holidays, said he'll announce in his State of the State a plan to re-engineer the state's tax code to try to mitigate the effState of the State a plan to re-engineer the state's tax code to try to mitigate the effState a plan to re-engineer the state's tax code to try to mitigate the effstate's tax code to try to mitigate the effects.

For the time being, at least, Governor Cuomo's 2018 - 19 Executive Budget left a pile of loose ends in the state tax code.

New York State does not have a revenue problem, Adams said, pointing to data from the state's Division of the Budget showing that total state tax receipts are up $ 2.2 billion this fiscal year and will grow another $ 2.4 billion in 2008 - 09 without any change in our tax code or regulatory State does not have a revenue problem, Adams said, pointing to data from the state's Division of the Budget showing that total state tax receipts are up $ 2.2 billion this fiscal year and will grow another $ 2.4 billion in 2008 - 09 without any change in our tax code or regulatory state's Division of the Budget showing that total state tax receipts are up $ 2.2 billion this fiscal year and will grow another $ 2.4 billion in 2008 - 09 without any change in our tax code or regulatory state tax receipts are up $ 2.2 billion this fiscal year and will grow another $ 2.4 billion in 2008 - 09 without any change in our tax code or regulatory fees.

This is simply the wrong time to be raising state business taxes, and we oppose a number of proposals in the Executive Budget that would make our tax code less competitive among the states.

NEW YORK (Reuters)- Companies in New York state are «open to the idea» of moving the state income tax code to a payroll tax system, a senior state official told Reuters on Friday.

Gov. Andrew Cuomo's budget director said 30 - day amendments to the governor's spending plan, which is due out later this week, will include an overhaul of the state's tax code.

Democrats are cheerfully blasting out a quote smartly recorded by The Times» Thomas Kaplan in this morning's story on Gov. Andrew Cuomo's consideration of revamping the state's tax code.

A coalition of liberal groups and organizations is forming a new campaign to push for a «true» millionaires tax, the same day Wall Street Journal's report that Gov. Andrew Cuomo is considering a reshuffling of the state's tax code in order to achieve a more progressive system,

On the Government's redraft of the Customs Code, Alan McLintock, Chair of CIOT's Indirect Taxes Sub-committee, said: «The Government's stated aim with the Brexit legislative process is to take a snapshot of the body of EU law and ensure that, wherever possible, the same rules and laws will apply in the UK the day after Brexit as they did before.

But, 95 % + of the lawyers in the state use less than 10 % of the statutes by page length, on any regular basis, and I probably use only 10 % of the tax code and 5 % of the tax regulations despite having an extremely broad tax practice in terms of the variety of subjects I deal with compared to the average lawyer who does tax work.

Specifically, I am urging you to veto any legislation that limits or eliminates the deduction for state and local taxes that has been part of the federal tax code since its inception in 1913.»

The $ 168.3 billion budget passed by state lawmakers at the end of March includes changes to the tax codes issued «to help ease the pain of the new federal tax code for homeowners expecting to see their taxes go up,» according to CBS New York.

There is a great deal of uncertainty surrounding that budget as Governor Andrew Cuomo continues to consider what exactly to propose in terms of overhauling the state tax system in response to the new federal tax code, which has especially significant ramifications for New York, and in terms of a congestion pricing plan for New York City.

Several Democrats also indicated that changes to the state tax code, designed as workarounds on new federal limits on the deductibility of state and local taxes, will be part of the spending plan in some form.

Governor Cuomo's budget director says 30 - day amendments to the governor's spending plan due out later this week will include an overhaul of the state's tax code.

By early December, Cuomo revealed, in written essays, that he would ask the legislature to change the state's tax code to include a new higher tax bracket for the wealthiest of the wealthy, those making $ 2 million dollars a year or more.

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