Sentences with phrase «state tax code»

The other inconvenient fact for his argument is that the federal tax code has long operated independently of state tax codes.

Washington has the most unfair state tax code in the nation.

«What Mr. Romney's returns illustrated, instead, was the array of perfectly ordinary ways in which the United States tax code confers advantages on the rich...» [Nicholas Confessore and David Kocieniewski]

On Friday and Saturday the state legislature approved the $ 168 billion, 2018 - 19 State Budget, with a deal that includes a new state tax code as a response to federal changes and more money for... [Read more...]

On Friday and Saturday the state legislature approved the $ 168 billion, 2018 - 19 State Budget, with a deal that includes a new state tax code as a response to federal changes and more money for education.

Federalism can still exist because state tax codes — like any state laws — can operate alternative programs within each state.

This tax reform act was the first major change to the United States tax code since 1986.

The Federal Tax code is arcane, but state tax codes put it to shame.

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.

The new United States tax code — introduced January 1, 2018 — excludes cryptocurrencies from a previous legal loophole and now considers all trades a taxable event.

The author of a House Republican proposal to simplify the state tax code and bring it closer in line to recent federal changes acknowledged some Minnesotans would see a tax increase.

The state House passed a rewrite of the state tax code that supporters say will cut taxes for millions of Minnesotans.

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:

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.

If Congress and state legislatures listen to what families say they want, however, they will look for ways to ease policies like the «parenting penalty» that permeate the federal and state tax codes and are helping drive more and more young mothers with children into the job market.

Cuomo says he's also looking at changes to the state tax code in response to the federal overhaul.

In conjunction, the governor said he would soon announce a «major shift» in the state tax code that could «restructure the current income and payroll tax system.»

DeFrancisco has been inveighing against Cuomo on a number of fronts, including his economic development policies and his push to restructure the state tax code in response to new federal limits on the deductibility of state and local taxes.

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...

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

The Republican tax bill hurtling through Congress is increasingly tilting the United States tax code to benefit wealthy Americans, as party leaders race to shore up wavering lawmakers who are requesting more help for high - earning business owners.

The governor also said he would soon announce a «major shift» in the state tax code that could «restructure the current income and payroll tax system.»

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.

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.

«We literally had to flee the zone we were in and change the state tax code so it no longer applied and we had to get it done before the missile hit.

The bill allows taxpayers to deduct the full payment of their property taxes and changes the state tax code reference to the federal tax code to reflect the code that was in effect prior to Dec. 1 of last year.

«We're going to look at the state tax code both in substance and in form,» Cuomo said last month, «and look for ways to both redesign our state code in response to this federal assault, and we're in the process of that now.»

It's unclear what changes Cuomo would propose to the state tax code, which is largely set by what occurs on the federal level.

«We're going to look at the state tax code both in substance and in form,» Cuomo said, «and look for ways to both redesign our state code in response to this federal assault, and we're in the process of that now.»

The plan includes a major restructuring of the state tax code to get around new limits on deductions for state and local taxes.

Cuomo led and closed his 2018 - 19 budget address Tuesday by underscoring the need to adapt a dramatic change in the state tax code to counter a federal tax law passed last month by the Republican - controlled Congress and President Donald Trump.

The bill allows taxpayers to deduct the full payment of their property taxes and changes the state tax code reference to the federal tax code to reflect the code that was in effect prior to Dec. 1 of last year — effectively a reset button.

Mujica also left open the door that changes to the state tax code might not be effective until the 2019 tax year.

His plan would shift the state tax code from an employee - paid system to one paid for by employers, which would help shield New York residents from new federal tax increases.

ALBANY — Gov. Andrew Cuomo announced a deal on a $ 168.3 billion spending plan that increases school aid by $ 1 billion, restructures the state tax code to respond to changes in Washington, directs money to the Metropolitan Transportation Authority by raising fees on taxis and Uber rides and paves the way for the use of eminent domain near Penn Station.

Nor does it actually restructure the state tax code in any way designed to thwart the new federal cap on state and local tax (SALT) deductions.»

Whatever changes leaders ended up agreeing to make to the state tax code, the governor hoped to have an agreement by the time the 30 - day budget amendments are due at the end of February.

Cuomo proposed legislation «de-coupling» the state tax code from the federal tax code, preserving itemized deductions for state tax filers — including the deduction for local property taxes.

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.

To address the situation, the Senate passed a bill to link the state tax code to the federal one in effect before Congress passed the tax act in December.

Because the state tax code is tied to the federal one, a number of actions taken by the feds will automatically drive up some state taxes paid by New Yorkers unless the state takes specific action to stop it.

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.

He's also thumbing his nose at Washington by vowing to remake the state tax code to move away from income taxes and, possibly, allow for some payments to be treated as tax - exempt donations.

Both the Senate and Cuomo have proposed decoupling the state tax code from the federal law in order to soften the impact of the federal tax changes on New York taxpayers.

Gov. Andrew Cuomo is considering big changes to the state tax code to blunt the blow of the federal tax overhaul.

So Cuomo wants to change the state tax code so wealthy residents can continue those deductions.

So now Cuomo wants to change the state tax code so wealthy residents can continue those deductions.

Budget amendments include provisions to decouple the state tax code from the federal tax code so that State taxpayers do not see more than $ 1.5 billion in state taxes because of federal tax increases.