Tax

The National Association of Bond Lawyers sends letter to non-responsive federal agency

Weakening revenues should be a red flag for states, particularly those planning tax cuts, said Lucy Dadayan of the Urban Institute's Tax Policy Center.

The work from home environment will reduce city property tax collections in coming months and years, analysts say, creating financial issues.

The bank-qualified cap is a muni priority that could appeal to lawmakers from less populous areas, as it impacts exclusively small issuers.

"This is a historic accomplishment — setting new records for the largest single-month revenue and personal income tax collections in state history," said Gov. Jim Justice.

A bill passed this week would place a measure on the November statewide ballot to prevent growing home values from raising property taxes.

Many say continued lower rate would threaten U.S. Virgin Islands' financial solvency.

Technology is improving collection of the tax supporting COFINA bonds.

The Republican-controlled legislature sent the governor a tax cut bill that included replacing the state's three-tier personal income tax structure with a flat 5.15% rate.

It's unrealistic to ask transit agencies, even financially stables ones, to solve larger social problems like homelessness or inequity, says an expert.

The bill follows the same lines as Gov. Maura Healey's tax relief package proposed in February, but comes with a smaller price tag.

Lawmakers are re-introducing legislation to repeal the deduction cap on state and local taxes

The growth in March tax collections reported by the states was less robust than a year earlier.

Lawmakers resurrected a bill vetoed by Gov. Brad Little after amending it to remove a clause that jeopardized a transportation bond deal.

The Investing in Our Communities Act, introduced by House members Kustoff, R-Tenn., and Ruppersberger, D-Md., would reinstate tax-exempt advance refunding.

The House and Senate differ in their approaches to lowering property taxes by billions of dollars as the state anticipates a record budget surplus.

Sen. Susan Collins introduced the SALT Deduction Fairness Act last week, the latest effort to restore a full income tax deduction for state and local taxes.

The state approved further cuts next year with provisions for possible additional cuts annually, starting in 2025, paving the way for the elimination of the personal income tax.

Passing the Affordable Housing Credit Improvement Act could boost housing bond issuance.

The bill, introduced in the House by Rep. George Santos, R-NY, is one of three currently circling around Congress that would lift the state and local tax deduction.