Government taxation and revenue
Legislature OKs changes to school tax credit law
The Alabama Legislature has approved legislation that says private schools and non-failing public schools don't have to accept students transferring from failing public schools. On Thursday, the Senate voted 21-12 and the House 61-41 for a bill making changes to the Alabama Accountability Act, which provides tax credits for parents ...
Mo. budget creates choice between seniors, kids
Missouri lawmakers passed a nearly $25 billion budget Thursday that could force Gov. Jay Nixon to choose between funding for developmentally disabled children and low-income seniors. The spending plan for the next fiscal year won final approval in a cloud of controversy after House and Senate budget negotiators made a ...
Schools worry about covering teacher pension costs
Public school administrators told lawmakers Thursday that some local districts would have to raise property taxes if legislators vote to have them cover the cost of teacher pensions. House Speaker Michael Madigan has said suburban and downstate districts get a "free lunch" because the state pays their teacher pension costs. ...
Philly mayor signs broad LGBT rights legislation
Mayor Michael Nutter signed legislation Thursday to afford equal rights to lesbian, gay, bisexual and transgender people, saying he hoped Philadelphia would become "the most LGBT-friendly" city in the world. Nutter, city and state lawmakers and gay rights advocates said the legislation makes Philadelphia the first city in the U.S. ...
Philly schools seek $304M to avoid harmful cuts
Mayor Michael Nutter called for a shared sacrifice among city, state and union leaders on Thursday to help the Philadelphia schools avoid devastating budget cuts. If left unaddressed, the district's $304 million deficit means schools across the city could open next fall without assistant principals, guidance counselors, lunch monitors, athletic ...
IRS teams with Australia, UK, to expose tax cheats
The U.S. is teaming up with Australia and the U.K. in an effort to expose tax cheats from around the world. Tax agencies from the three countries have acquired "a substantial amount of data" about potential tax cheats from many countries hiding assets in Singapore, the British Virgin Islands, the ...
SC Gov. Haley signs film incentives bill
Gov. Nikki Haley signed into law Thursday a bill offering more incentives to movies and television shows that want to film in South Carolina. The law allows film companies to be reimbursed 20 percent on payroll taxes for wages given to out-of-state people and 25 percent for state residents. Productions ...
Perez seeks revision of 'rainy day' ballot measure
The state Assembly speaker on Wednesday proposed changing a rainy day fund measure on the November 2014 ballot that had been negotiated by former Gov. Arnold Schwarzenegger and Republican lawmakers three years ago to decrease budget volatility. Speaker John Perez, D-Los Angeles, announced his plan for a replacement ballot measure ...
Nygren promises more money for schools
Public school spending will be allowed to increase over the next two years, even though Gov. Scott Walker wanted to keep it frozen, one of the Republican co-chairs of the Legislature's budget-writing committee said Wednesday. Details of how much money would be available, and exactly how it would be allocated, ...
Perry: Special session if no $1.8B in tax cuts
With still more than two weeks to go in Texas' legislative session, Gov. Rick Perry said Wednesday it's too early to issue ultimatums to lawmakers. Then he promptly issued one: Pass more tax cuts or work through the summer. Perry threatened to call legislators back after the session ends May ...
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