Sentences with phrase «tax under legislation»

Seattle's wealthiest will become the only Washington state residents to pay an income tax under legislation unanimously approved by the City Council, a measure designed as much to raise revenue as to open a broader discussion about whether the wealthy pay their fair share.

Labor union dues will be fully deductible from New York State income tax under legislation signed Friday in Manhattan by Gov. Andrew M. Cuomo.

Not exact matches

While the rich and corporations would enjoy a nice long tax cut under the GOP plan, the legislation doesn't indefinitely protect cuts for other Americans.

House Ways & Means Chairman Rep. Kevin Brady (R - Texas) pushes back on the idea that blue states will suffer more under the proposed tax plan, and weighs in on the role Democrats will play in shaping tax legislation.

Less than three weeks after Trump signed Republican tax legislation into law, the IRS is developing new withholding tables to advise employers on how much federal tax to withhold from paychecks under the new regime.

Under the Senate's «budget reconciliation» rules, the tax legislation can increase the federal deficit by $ 1.5 trillion over the next 10 years — and not a dollar more.

But it also includes measures that the Opposition Parties may not want to support; for example; the increase in annual Tax Free Savings Account contribution limit; changes to the sick leave provisions of federal employees; and retroactive legislation to protect the RCMP from possible criminal charges with respect to the destruction of data under the Access to Information Act.

Enacted in 2003 as part of legislation providing drug benefits under Medicare, the tax preference is only available if the individual purchases a high - deductible health insurance policy.

First, the legislation was set to automatically end in 2007 under the Tax Relief And Health Care Act Of 2006.

Tax reform has become a «pass / fail» exercise under which any legislation would signal a win for the Trump administration, but a bill will come by the end of the year, Treasury Secretary Steven Mnuchin said.

However, if the Government were to charge a fee significantly greater than the cost of the service, the amount of the excess would be deemed a tax and under current legislation, the excess revenues would not be permitted.

However, this would mean taxpayers would continue to operate under Conservative tax legislation for one more year.

An earlier version of this article misstated the types of taxes that taxpayers would be prohibited from prepaying under the new tax legislation.

The validity of the Federal Government's backpacker tax is under fire, with the legislation now facing a legal challenge from an international tax firm.

But under legislation passed in late 1995, any home - rule unit in a collar county that had the ability to increase a tax levy in 1994 was granted limited borrowing authority.

But the Eden budget did not gain even 50 percent approval, let alone the 60 percent needed for passage under the tax cap legislation.

Under legislation already passed, let alone the proposals for further devolution, the basic rate of income tax could well be different in future in Scotland than it is in the rest of the UK.

Under federal tax legislation, «Long Islanders are already facing a significant economic loss which will cost residents billions in taxes due to lost income tax deductions,» Mr. Thiele said.

New York would have the power to recoup millions of dollars in state property - tax subsidies from wealthy homeowners who were ineligible to receive the aid, under legislation proposed by Cuomo.

Other sustainability and development programs that have been initiated or reformed over the last six years under Governor Cuomo include: · Cleaner, Greener Regional Sustainability Plans · Regional Economic Development Councils · Land Bank Act to convert vacant properties · Legislation to combat zombie properties · Complete Streets design initiative · Upstate Revitalization Initiative · Hudson Valley Farmland Preservation and Southern Tier Agricultural Industry Enhancement Programs · Clean Energy Communities · Brownfield Redevelopment Reform · Historic Preservation Tax Credit · Climate Smart Communities Grants · Community Risk and Resiliency Act Elaine Kamarck, Founding Director of the Center for Effective Public Management at the Brookings Institution and Author of Why Presidents Fail and How They Can Succeed Again said, «Whenever I get a chance to come home I'm always impressed at the rapid progress being made here in the Finger Lakes.

As Ms. Carpenter has, Mr. Bellone indicated that he would support legislation to more equitably share countywide sales tax revenues for public safety, money that under the Levy administration has been earmarked for western Suffolk.

HCRA, a tax that insurers have paid since the late 90s under health reform legislation enacted during the Pataki administration, has come under scrutiny recently because of the role the tax's collections paid in an alleged fraud scheme by former Assembly speaker Sheldon Silver.

The plan, required of counties statewide under legislation championed by Gov. Andrew M. Cuomo, aims to streamline local governments through increased cooperation to ease the property tax burden.

It would also require the House Ways and Means Committee to report out legislation under the budget reconciliation process that would provide for a revenue - neutral, comprehensive overhaul of the U.S. tax code and would include instructions to 11 House committees to trigger the budget reconciliation process to cut mandatory spending.

Mr. Wright came under fire in 2013 for sponsoring legislation with Mr. Golden that allowed several luxury developers to receive the controversial 421a tax exemption.

Reading from the resolution, Trustee Robin Jacobowitz said school districts were expected to have tax levy limit calculations filed with the state by March under legislation written by Cuomo, but the governor has refused to release aid estimates needed by districts to determine accurate budget figures.

In large part due to Cuomo's push, under state legislation passed in late June, the real estate industry and the city's building trades have until next January to strike a compromise on 421 - a, or the tax break will end — an ultimatum seen as a major victory for the unions.

After the last major overhaul of the tax code, in 1986 — under a Republican president, Ronald Reagan, a Republican Senate and a Democratic House — it was a Democrat, Bill Clinton, who signed legislation that restored lost real estate tax breaks seven years later.

Due to the variations in local property tax bases, the override option fails to provide «property - poor» school districts with an effective opportunity to meet their obligations under the Education Clause, education reform legislation, and the Consolidated State Plan, much less to enhance the educational opportunities of their students.

Under the legislation, companies subject to Nevada's modified business tax can receive a tax credit for donating to private school scholarship organizations.

That's why, in Utah, the legislature keeps considering tax credit legislation, another form of parental choice, because, strangely enough, you can have tax credits for non-public school purposes under the Utah constitution.

Compared to an xDrive 40d diesel with 157 g / km emissions, the 40e would save a company car user # 2,711 a year in benefit - in - kind taxation and under current road tax legislation there would be no tax to pay.

An undeducted contribution made by a super fund member, or by another person, to a regulated super fund where that contribution is not a taxable contribution under income tax legislation.

Legislation allows investments within permanent life insurance policies to grow without any tax consequences, as long as it remains under the maximum tax - exempt amount.

Your doctor may have recommended a restricted salt diet, and so has Congress: Under the new legislation, the deduction for all state and local taxes combined can not exceed $ 10,000.

You are applying for a CIBC Tax Free Savings Account (the «Plan») and are asking CIBC to please file an election with the Minister of National Revenue to register your Plan as a Tax - Free Savings Account under the Income Tax Act (Canada), and, if applicable, the income tax legislation of the Province indicated in the address you provided in this applicatiTax Free Savings Account (the «Plan») and are asking CIBC to please file an election with the Minister of National Revenue to register your Plan as a Tax - Free Savings Account under the Income Tax Act (Canada), and, if applicable, the income tax legislation of the Province indicated in the address you provided in this applicatiTax - Free Savings Account under the Income Tax Act (Canada), and, if applicable, the income tax legislation of the Province indicated in the address you provided in this applicatiTax Act (Canada), and, if applicable, the income tax legislation of the Province indicated in the address you provided in this applicatitax legislation of the Province indicated in the address you provided in this application.

The 0 % long - term capital gains rate was created under the Jobs Growth and Tax Relief Reconciliation Act of 2003 (also known as President Bush's second major piece of tax legislation), with a delayed implementation of 20Tax Relief Reconciliation Act of 2003 (also known as President Bush's second major piece of tax legislation), with a delayed implementation of 20tax legislation), with a delayed implementation of 2008.

Profit or loss resulting from the sale of certain assets classified under the federal income tax legislation as capital assets.

The legislation also establishes new marginal tax brackets for estates and trusts, and replaces existing «kiddie tax» provisions (under which a child's unearned income is taxed at the parents» tax rate) by effectively taxing a child's unearned income using the estate and trust rates.

Under proposed revenue - neutral carbon tax legislation, about two - thirds of taxpayers are projected to receive more in refunds than they pay in higher energy prices.

The Greens, under Brown's leadership, were instrumental in creating one of the world's most significant pieces of climate change legislation, setting up a carbon trading scheme, taxing pollution and providing ten billion dollars for renewable energy.

A phase out of remaining coal plants, most of which were already due to be decommissioned under the former Harper government's legislation, and a modest carbon tax, were also included.

Action on extending the tax incentives has passed the House and is under consideration in the Senate, which makes extension legislation possible in 2008.

On the first sitting day of Parliament under a Coalition Government, I will introduce legislation to repeal the Carbon Tax.

Companies which fail to prevent tax evasion may be subject to a criminal offence, under new anti-corruption legislation.

Tax patents, the lawyers wrote, amount to «government - issued barbed wire» to keep some taxpayers from getting equal treatment under the tax code... After all, as Mr. Devinsky and his colleagues wrote, «The successful patenting of tax strategies now limits Congress» ability to shape economic policy through legislation, and places that power in the hands of individual patent holders.&raqTax patents, the lawyers wrote, amount to «government - issued barbed wire» to keep some taxpayers from getting equal treatment under the tax code... After all, as Mr. Devinsky and his colleagues wrote, «The successful patenting of tax strategies now limits Congress» ability to shape economic policy through legislation, and places that power in the hands of individual patent holders.&raqtax code... After all, as Mr. Devinsky and his colleagues wrote, «The successful patenting of tax strategies now limits Congress» ability to shape economic policy through legislation, and places that power in the hands of individual patent holders.&raqtax strategies now limits Congress» ability to shape economic policy through legislation, and places that power in the hands of individual patent holders.»

(5) If, under the Income Tax Act (Canada) or legislation of another jurisdiction that imposes a tax calculated by reference to income, a person is required to report the amount of his or her income, the person's income before an accident shall be determined for the purposes of this Part without reference to any income the person has failed to report contrary to that Act or legislatiTax Act (Canada) or legislation of another jurisdiction that imposes a tax calculated by reference to income, a person is required to report the amount of his or her income, the person's income before an accident shall be determined for the purposes of this Part without reference to any income the person has failed to report contrary to that Act or legislatitax calculated by reference to income, a person is required to report the amount of his or her income, the person's income before an accident shall be determined for the purposes of this Part without reference to any income the person has failed to report contrary to that Act or legislation.

(6) The amount of a person's gross annual employment income and the amount of the person's income or loss from self - employment may be adjusted for the purposes of this Part to reflect any subsequent change in the amount determined by the Canada Revenue Agency under the Income Tax Act (Canada) or by the relevant government or agency under the legislation of another jurisdiction that imposes a tax calculated by reference to incoTax Act (Canada) or by the relevant government or agency under the legislation of another jurisdiction that imposes a tax calculated by reference to incotax calculated by reference to income.

Companies can also be held liable for offences under specific legislation such as the Securities and Futures Act (SFA), the Income Tax Act and the Corruption, Drug Trafficking and Other Serious Crimes Act (CDSA).

Hawaii Proposes To Collect Taxes On Internet Sales Buying tax - free music, books and electronics over the Internet would be a thing of the past under legislation pending before Hawaii lawmakers.