Sentences with phrase «state lost tax»

The state lost tax revenue, and welfare costs for inmate - related families added still another layer of expenditures that governmental agencies had to build into their expanding criminal - justice budgets.

State Sen. Betty Little (R - Queensbury) said local governments throughout the state lose tax revenue each year as a result of the current 480 - a program.

Not exact matches

Excluding the benefits of U.S. tax reform, Exxon's upstream business in the United States lost $ 60 million.

Individuals may also want to consider paying up their state income taxes this year, particularly if the deduction for those taxes is lost.

But the lost tax revenue is significant, and that's got states actively working on ways to collect from remote sellers.

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.

More than likely if the DFS operators lose, it will mean that the state government will be able to collect taxes from the games.

Goldman Sachs estimates New York City could lose up to 4 percent of its «top earners» if state and local tax deductions are eliminated.

New Jersey isn't the only state at risk of losing residents to Florida, Pennsylvania, or another state with lower taxes.

If you're nearly retired and about to lose your state and local tax deductions, here is where you should move.

In mid-January, a marketing research firm indicated that New Jersey lost approximately 10,000 millionaire households and speculated that the state's high tax rate for top earners may have led to the exodus.

Consequently, the impact on lost tax revenue may be over stated — and the benefit therefore under stated.»

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.

Connecticut loses tax revenue when people buy cars out of state.

To offset the various revenue - losing provisions introduced Thursday, House tax writers opted to increase tax rates on foreign assets that multinational corporations move back to the United States.

Taxpayers would lose the ability to deduct their state and local property and other taxes from their federal taxes, a break used by about 44 million people (or 30 percent of tax filers.)

In the end, states have not collected any additional sales tax revenue, and actually lost income tax revenue from the impacted affiliate marketers.

[fn.3] Since the starting point for many state income tax calculations is either federal adjusted gross income or federal taxable income, a dollar - for - dollar tax credit might lose the state revenue.

Counterfeit Wine and Spirits «Cost EU Economy $ 3 Billion a Year» The counterfeiting of alcoholic drinks costs the European Union's member states an estimated $ 1.2 billion in lost revenue and taxes, according to a new report published by the European Union Intellectual Property Office...

She also said that the Park District, along with other park districts in Illinois, lost its authority to issue non-referendum bonds due to tax cap legislation approved by the state legislature in the early 1990s.

However, that increase wo n`t offset the $ 150 million the state lost through a 1981 tax law that liberalized individual retirement account deductions, business depreciation and the marriage penalty.

Regardless of whether states embrace or resist the new tax law, they could lose an opportunity to help thousands of children attend college.

Reed noted, of course, raising taxes to make up for the lost revenue from the federal government is an option but he doesn't believe state lawmakers would do that to constituents already facing a heavy burden.

At the same time, American Racing and Entertainment Chairman Jeff Gural in a statement on Thursday called on the state to give the racetrack a tax break in order to shore up its finances due to the lost revenue.

With fears of losing a congressional seat, a Rhode Island state representative has created a bill to lure people to the state, proposing to pay «middle class» families up to $ 10,000 in tax credits or incentive payments to become residents for a year.

NY is already the highest taxed state in the nation and people wonder why nobody's moving here and we're losing congressional seats to the south.

If the state were to divert those funds, the city would have to bridge the lost revenue either by making service cuts or taxing more heavily elsewhere.

State Comptroller Tom DiNapoli issued a report that finds New York residents «stand to lose more than $ 72 billion in reported deductions for income and property taxes» if the proposals to change the federal tax code are approved.

Faced with losing the ballot line to a challenger who tapped into resentment over his estate tax cuts, charter - school championing and failure to deliver campaign finance reform, Governor Andrew Cuomo won the party's designation only after promising to fight for Democratic control of the state Senate and deliver a progressive policy wish list.

Over the last four years, we lost 400,000 jobs, people are leaving the state, and taxes are bad.»

That seems implied by your comment that the «state's tax climate also matters» and adding that the state faces a $ 4 billion deficit, plus additional lost revenue from federal changes to health care and tax policy, which is estimated to be over $ 2 billion.

Taxing all local and state tax payments of $ 10,000 or more will put pressure on transit agencies to raise fares and tolls to cover lost funding for operations, according to Sifuentes.

«Even if we only lose a small number of high - income tax payers, that would cripple the state's revenues,» Mujica said.

Mettler shows how Republican politicians, along with increasing numbers of Democratic accomplices, have expanded the submerged state because it gives the appearance of privatisation and governmental spending restraint, when in reality it represents vast outlays by government in subsidy payments and lost tax revenues.

The city wants the state to move forward with private development of the tax - exempt land or compensate it for the lost revenue.

Gambling companies have argued for years that New York loses billions of dollars a year to casinos in Connecticut and New Jersey, costing the state jobs and tax revenue.

He said the governor proposes to decouple the state tax code from the federal government's, a move that would restore deductibility many New Yorkers stand to lose under the new federal tax overhaul.

Private schools have been issued a stern warning today as Tristram Hunt told them to either start doing more to help state pupils or risk losing # 700 million - worth of tax breaks.

Under Empire Zones, the state wrote millions of dollars in tax refunds to businesses that did not create jobs and, in some cases, even lost jobs.

«Remember we have two pronged problem because first you have the state and local taxes and the people who lost the ability to deduct property taxes above $ 10,000.»

And while he praised Democratic Gov. Andrew Cuomo for successfully pushing tax cuts in the 2014 - 15 budget, he said there is much more to accomplish before the state loses its ranking as one of the highest - taxed states in the nation.

As long as the M.T.A. is guaranteed to be reimbursed by the state for the money it loses from the payroll tax cut, that loan application should still be able to move forward.

Furthermore it also causes local and state government to lose profitable tax revenue.

John The nam e was tax cut now and it did get 50,000 votes became a party and in 1998 it did not run anybody State - Wide lost it spot on the ballot.

WASHINGTON, D.C. - New York taxpayers stand to lose about $ 68 billion that they now deduct from their federal taxes if President - elect Donald Trump and House Speaker Paul Ryan move forward with their tax reform plans next year, according to state officials and tax experts.

«It is also essential that the Governor and New York business, labor and civic leaders work with President Bush, the New York Congressional delegation, and the leaders of the U. S. House and Senate to secure direct federal assistance for the tax revenue that the state is losing as a direct result of the September 11 attacks,» said Mauro.

Cuomo said losing the ability to deduct the state and local taxes could even «expedite» wealthier New Yorkers leaving the state.

If New York State loses that money from the national government, they would have to either find other money for programs like Meals on Wheels (raising taxes or cutting other programs) or would need to cut Meals on Wheels.

He said New York could lose billions of dollars in revenue and some of the state's wealthiest residents, who might choose to switch their primary residence to lower - tax states.

Claudia Tenney, a conservative - leaning Republican who represents parts of central New York, said until the state overhauls its own tax codes, New Yorkers «can not afford» to lose their itemized deductions because the benefit offers state residents one of their few forms of tax relief.