Sentences with phrase «states sales tax revenues»

This is a small portion of the states sales tax revenues but fair is fair.

That extra money would come from state sales tax revenues, according to Centro.

ALBANY — State sales tax revenues took a dive in the second quarter of the year, leading state Comptroller Thomas DiNapoli to warn Thursday that collections could be the slowest...

Tax Revenue Visitor spending is calculated to have produced $ 1,255,065 in city and state sales tax revenue.

Not exact matches

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.

If all states legalized cannabis sales, the reduced drug enforcement costs and higher tax revenues would be worth more than $ 17 billion to them, a 2010 Cato Institute study revealed.

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.

«States are revenue hungry and looking for ways to assess sales, user, corporate, nonresidential, income, payroll, or registration taxes on nonresident companies,» warns Levine.

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.

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.

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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.

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.

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

In 1986 lotteries accounted for an average of only 3.3 percent of the total revenue raised by lottery states — far below the amount raised by income and sales taxes.

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

In exchange, the Oneidas will give 25 percent of its casino's net revenue to the state, agree to a permanent cap of about 25,000 acres of land, and apply sales tax on cigarettes and gasoline.

State Senate Republicans aren't ready to embrace congestion pricing, but they are prepared to seize a portion of New York City's sales tax revenue to help fund the MTA.

The legislation introduced by state Sen. Jeff Klein would direct a portion of city sales tax revenue toward the $ 836 million plan.

Some were surprised to hear that Erie County is one of the few counties in New York State that shares sales tax revenue with local districts, providing these districts with nearly $ 137 million between July 1, 2016 and June 30, 2017.

The bill, sponsored by state Sen. Jeff Klein, would direct a small portion of the city's sales tax revenue to pay for half of the transportation authority's $ 836 million, short - term plan to improve subway service.

One option would be for the state to divert a share of county sales tax revenue.

The measure itself means about $ 12 million revenue for the state, but the repeal of the sales tax was considered as part of the state budget approved in April.

«A projected property tax cap growth at basically zero in 2017, combined with stagnant sales tax revenues, counties will not be able keep up with the rising costs of state mandated programs provided at the local level.

The legislature's finance committee held a hearing on numerous tax proposals Tuesday including raising the sales tax in a quest to cobble together a budget and close a $ 1.7 billion deficit.The panel, which oversees the revenue side of the state budget,...

In a last - minute scramble to boost revenue, House Democrats in late June suggested pushing the state sales tax to 6.99 percent and allowing towns to tack on another percentage point for food and...

The resolution, approved earlier this month after some back - and - forth haggling over pre-Kindergarten spending levels, the public financing of political campaigns and the Dream Act, doesn't go into detail as to what the sales tax exemptions and adjustments would cost in revenue to the state budget.

For example, a very large chunk of state income tax and sales tax revenue goes toward subsidizing the K - 12 education of people's kids.

Illicit marijuana sales in New York are estimated at $ 3 billion, and an official study by City Comptroller Scott Stringer in 2013 found that potential tax revenue for the state would likely exceed $ 400 million, if an adult - use marijuana market was legalized in New York City.

The sponsors also argue that «there will be considerable revenue from state sales tax» by allowing the sale these items.

«These local sales tax revenues enable counties and other local governments that also receive a share of these revenues, to pay for state mandated programs and provide critical local services that would disappear,» Acquario stated.

«And, just because the person doesn't pay income tax, doesn't mean there's not a revenue enhancement to that person getting a job in the state,» adding the worker might buy a house, generate real estate fees, sales taxes and other spending in the community.

The city is starting budget negotiations at a disadvantage: The budget that Mr. Cuomo, a Democrat, proposed this month would shift hundreds of millions in formerly state - covered costs to the city, while taking back $ 600 million in city sales - tax revenue.

Projected losses in sales tax revenue — around $ 12 million, split between state and local — were accounted for in the state budget enacted last month.

With $ 30 billion more in state revenue, we could restore full funding for public schools and colleges, pay for the state mandates on local governments through increased revenue sharing, cut regressive local property and sales taxes, and build the infrastructure and services of the Green New Deal.

ALBANY, N.Y. — Local sales - tax revenues rose across much of New York in 2017, state Comptroller Thomas DiNapoli reported Tuesday.

Cuomo also would increase state revenue by expanding the collection of sales tax on more internet purchases.

The panel blames spiraling pension costs and sales tax revenue surprisingly among the lowest in the state.

If passed, registration fees, sales taxes and gas taxes would add an estimated $ 57 million in annual state and county revenues, according to the New York Immigration Coalition, an advocacy group.

It also said the project would increase state and local sales tax revenue and the county's room occupancy tax revenues.

According to New York State Comptroller Thomas DiNapoli, sales tax revenue in Cortland County totaled $ 28.8 million in 2017, up 5.61 % from 2016.

«For state legislators, it is much harder to raise taxes on income or sales or cut spending on education or other vital services, while legalizing and expanding gambling is seen as a relatively easy and painless source of revenue and job growth,» said Lucy Dadayan, the Rockefeller analyst who wrote the report.

DiNapoli's office found cited the start of a new debt structure propped up by the state's sales tax revenue that would allow for new borrowing methods by public authorities that are done so without voter approval.

Year - over-year tax collections from the personal income tax and sales tax in 46 states have grown by more than 10 percent from April through June, but revenue on the local level remains stagnate compared to last year, The Rockefeller Institute for Public Policy found.

Almost half of the counties in New York saw a drop in their sales tax revenue last year, according to the state Association of Counties which said the trend should serve as a «red flag» for potential budget challenges ahead.

Lembo says his office agrees with Malloy's budget office and the General Assembly's Office of Fiscal Analysis that November's consensus figures show lower than expected state revenue collections from sales and income taxes.

The arguments against paid sick leave, as stated in the Capital Region Chamber's petition opposing Local Law «C» on behalf of its more than 2400 area businesses and organizations, include: the proposal will hurt our economy, reduce jobs, lower the county's sales tax revenue, and act as «an impediment to attracting, retaining and growing jobs.»

That's when they hope to have the revenue figures from the state's latest quarterly income tax receipts and some of the holiday sales tax receipts.

De Blasio is also currently battling to get Gov. Andrew Cuomo and the Republican - run State Senate to back his proposal for a «mansion tax,» a new levy on home sales over $ 2 million, which he hopes would provide new revenues for senior housing.