Government taxation and revenue
Panel: Apple uses firms outside US to avoid taxes
Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found. The world's most valuable company is holding overseas some $102 billion of its $145 billion in cash, and an Irish subsidiary that ...
Fla. gov. vetoes nearly $400 million from budget
Florida Gov. Rick Scott, who had a tough time winning cooperation this past year from the Republican-led Legislature, struck back on Monday by vetoing nearly $400 million from the state's new budget. Scott praised the overall budget — which now stands at roughly $74.1 billion — because it includes spending ...
Alabama House rejects Bentley's 2-year-delay
The Alabama House on Monday rejected Gov. Robert Bentley's proposal to delay allowing private school tax credits for two years, and the Republican leader in the Senate predicted it would do the same before the midnight end of the 2013 legislative session. The House voted down the governor's proposal 57-10 ...
Analysis: Missouri GOP success in eye of beholder
Success. That desirable word can have different meanings to different people. Sometimes, success is in the effort. But ultimately, success is often judged by results. When the Missouri Legislature adjourned its annual session this past week, the Republican majority claimed it was a successful effort — even "historic" and "monumental" ...
Obama agenda marches on despite controversies
Despite Democratic fears, predictions of the demise of President Barack Obama's agenda appear exaggerated after a week of cascading controversies, political triage by the administration and party leaders in Congress and lack of evidence to date of wrongdoing close to the Oval Office. "Absolutely not," Steven Miller, the recently resigned ...
Mo. infrastructure proposals fail at state Capitol
Numerous Missouri lawmakers wanted to seek voter approval to boost funding for Missouri's transportation system and pay for improvements at colleges and state facilities. Neither measure made it that far. State lawmakers wrapped up their annual session Friday without passing a proposed 1-cent sales tax for transportation or a state ...
Mo. lawmakers pass budget patch for kids' program
Legislation passed in the closing hours of Missouri's annual session Friday could patch a hole in the state budget for early childhood programs and some health care initiatives. Legislators gave final approval to two measures, each of which would order the transfer $55 million of general revenues into a newly ...
A look at Mo. legislative action during 2013
The Missouri Legislature concluded work Friday on its 2013 session. Here's a look at what passed and what failed. WHAT PASSED: ABORTION Requires a physician to be present when administering the initial dose of an abortion-inducing drug. HB400. BENEVOLENT TAX CREDITS Reinstates expiring tax credits for certain charitable donations, such ...
Analyst pegs revenue $3.2B higher than Gov. Brown
The state's independent budget analyst said Friday that California will take in $3.2 billion more in tax revenue than Gov. Jerry Brown estimated, providing Democratic lawmakers an argument to funnel more money into state programs and setting up a spending showdown with the administration. The Legislative Analyst's Office released its ...
5 things to know in Florida for May 18
Your daily look at news, upcoming events and the stories that will be talked about today. STATE'S UNEMPLOYMENT RATE DROPPING On Friday, Gov. Rick Scott used a Twitter account — (at)ItsWorkingFL — to announce April unemployment figures dropped to 7.2 percent. The governor called that "great news." That's down from ...
Texas sues BP for damages related to oil spill
Texas on Friday became the fifth state to sue British oil company BP over the 2010 Deepwater Horizon oil spill, seeking damages related to the worst offshore oil spill in U.S. history. The lawsuit, filed by the office of Texas Attorney General Greg Abbott in federal court in Beaumont, is ...
Patrick restores some funds cut from Mass. budget
Citing improved tax collections, Gov. Deval Patrick's administration on Friday restored nearly $21 million in budget cuts, the bulk of which will go to local school districts. The funds that were restored amount to less than 10 percent of the $225 million in spending reductions that the governor ordered in ...
Embattled Scott trumpets drop in Fla. jobless rate
Florida Gov. Rick Scott — who has made his handling of the state's economy the main thrust of his re-election campaign — got more to boast about on Friday. The state's unemployment rate dropped to 7.2 percent in April — putting Florida below the national average for the second straight ...
Tea party group says IRS asked about Walker recall
A Texas tea party group said the Internal Revenue Service asked about its involvement in verifying signatures provided in the effort to recall Republican Gov. Scott Walker, of Wisconsin. IRS officials asked for extensive information about its activities, including an explanation of its involvement with Verify the Recall, which worked ...
Fla. Gov. signs manufacturing tax break into law
One of Gov. Rick Scott's top priorities this year is now law. Scott on Friday signed a bill that creates a tax break for the state's manufacturers. The governor made it official during a stop at a Tampa manufacturing firm. The measure (HB 7007) exempts manufacturers from having to pay ...
Lawmakers reach tentative property tax deal
Iowa legislators reached a compromise deal Thursday on a broad tax reduction package that includes commercial property tax cuts — a longtime priority of Gov. Terry Branstad's. Lawmakers said the tentative agreement will gradually reduce taxable assessments of commercial properties by 10 percent and provide property tax credits geared for ...
Marsh to block plan to delay school tax credits
The architect of Alabama's new private-school tax credits intends to block the governor's proposal to delay the tax breaks for two years. Senate President Pro Tem Del Marsh, R-Anniston, said Thursday the families of children trapped in failing schools need the option of school choice now. "We've worked too hard ...
Kansas budget negotiations resume
Kansas House and Senate negotiators resumed budget talks Thursday, reaching agreement on numerous issues that included authorizing the state to issue $202 million in bonding to construct a new federal research lab in Manhattan. Budget negotiations had been on hold as legislators tried to broker a deal on taxes. However, ...
Wash. state releases draft rules for legal pot
Officials in Washington state took their first stab at setting rules for the state's new marijuana industry Thursday, nearly eight months after voters here legalized pot for adults. Among the preliminary regulations: They want to track marijuana from "seed to store." They'd put a cap on the number of retail ...
Former mayor faces tax evasion charges
A former South Florida mayor and his wife were charged with tax evasion on Thursday, federal prosecutors said. Former Hialeah Mayor Julio Robaina, 47, and Raiza Villacis Robaina, 39, were expected to turn themselves in Friday and make their first appearance in Miami federal court. The Robainas are accused of ...
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