Ohio amusement park not thrilled with tax plan AP (November 23, 2009) MASON, Ohio (AP) - An Ohio amusement park is using its huge sign and the Internet to get its fans on board against proposed taxes on admissions and parking.
Idaho seeks $75M in fed grants for public schools AP (November 23, 2009) BOISE, Idaho (AP) - Idaho hopes to win $75 million or more in competitive federal grants for public schools, money that officials say could be the state's only opportunity to boost funding for education in the next few years.
Owner of famed NYC bagel biz hit with tax charges AP (November 19, 2009) NEW YORK (AP) - Prosecutors say the owner of a storied New York City bagel business shortchanged the state out of a lot of dough by cheating on taxes.
Many parents inaccurately claim college tax credit AP (November 19, 2009) WASHINGTON (AP) - A government report says more than 314,000 taxpayers made inaccurate claims for a popular tax credit that helps pay college expenses, getting $532 million they weren't entitled to receive.
Colo. medical pot suppliers will have to pay taxes AP (November 18, 2009) DENVER (AP) - Colorado is gearing up to officially tax and regulate medical marijuana dispensaries, a move lawmakers say amounts to legal recognition of a growing industry.
Income tax surcharge under study by NM task force AP (November 18, 2009) SANTA FE, N.M. (AP) - Nearly three dozen tax increase proposals to help New Mexico cope with a budget shortfall are under consideration by a task force formed by Gov. Bill Richardson.
Court again upholds Fla. homeowner tax breaks AP (November 18, 2009) TALLAHASSEE, Fla. (AP) - A three-judge panel Tuesday rejected another challenge to state constitutional amendments that give property tax breaks to Florida's primary homeowners, but not to owners of second homes.
AP IMPACT: Tobacco execs quickly find tax loophole AP (November 17, 2009) WASHINGTON (AP) - When President Barack Obama signed a law expanding children's health insurance this spring, he slapped tobacco companies with huge tax increases to pay for it.
AP POLL: Tax the rich to pay for health bill AP (November 17, 2009) WASHINGTON (AP) - When it comes to paying for a health care overhaul, Americans see just one way to go: Tax the rich.
IRS settles with 14,700 over foreign accounts AP (November 17, 2009) MIAMI (AP) - The Internal Revenue Service says more than 14,700 U.S. taxpayers with offshore accounts in 70 foreign countries have come forward to settle their tax debts.
Swiss unveil criteria for UBS tax disclosure to US AP (November 17, 2009) BERN, Switzerland (AP) - American clients who hid more than 1 million Swiss francs in undeclared bank accounts with UBS AG between 2001 and 2008 could have their details turned over to the U.S. government, Swiss officials said Tuesday.
AP IMPACT: Tobacco execs quickly find tax loophole AP (November 17, 2009) WASHINGTON (AP) - With a simple marketing twist, tobacco companies are avoiding hundreds of millions of dollars a year in taxes by exploiting a loophole in President Barack Obama's child health law.
Millions will have to repay part of tax credit AP (November 16, 2009) WASHINGTON (AP) - More than 15 million taxpayers could unexpectedly owe taxes when they file their federal returns next spring because the government was too generous with their new Making Work Pay tax credit.
Talk of Wyoming wind tax whips up debate AP (November 16, 2009) CHEYENNE, Wyo. (AP) - Wyoming lawmakers will soon take up the thorny issue of whether to impose new taxes on wind energy development, a proposal that developers say could stunt the fledgling industry's growth in Wyoming.
ND state senator wants insurance premium tax cut AP (November 16, 2009) BISMARCK, N.D. (AP) - A Bismarck state senator says North Dakota's insurance premium tax on nonprofit health insurance companies should be abolished.
Mass. candidate favors hike in capital gains tax AP (November 11, 2009) BOSTON (AP) - Massachusetts Democratic Senate candidate and multimillionaire Stephen Pagliuca said Wednesday the federal capital gains tax should be raised from 15 percent to 20 percent, adding that the rich should pay an equitable share of the country's bills.
Proposed delay of Ohio tax cuts spurs e-mails AP (November 10, 2009) COLUMBUS, Ohio (AP) - After Richard Handy of Fairfield received an e-mail from a conservative group calling Gov. Ted Strickland's proposed delay of Ohio's income tax cuts a "retroactive tax increase," Handy fired off a few passionate words to some state senators.
Congress giving homebuyers a big new tax break AP (November 05, 2009) WASHINGTON (AP) - Missed out on Cash for Clunkers? Congress has another deal for you: Buy a home before May 1 and collect up to $6,500 from the government. If you're a first-time homebuyer, get up to $8,000.
How to apply for homebuyer tax credit AP (November 05, 2009) (AP) - The Senate has voted to extend and expand a popular tax credit for homebuyers that was scheduled to expire Nov. 30. The House is expected to schedule a quick vote on the bill, part of a package that also extends unemployment benefits for people out of work more than a year. How the homebuyer tax credit would work:
Expanded tax breaks for money-losing companies AP (November 05, 2009) (AP) - The Senate has voted to expand a tax break for money-losing companies as part of a bill to extend and expand a tax credit for homebuyers and unemployment benefits for people without jobs for more than a year. How the business tax break would work:
Hindus, yoga teachers question US sales tax AP (November 05, 2009) ST. LOUIS (AP) - Yoga practitioners are criticizing a Missouri sales tax that applies to yoga classes, claiming they should be exempt because the lessons include spiritual elements.
Study: Alabama income tax on working poor harshest AP (November 04, 2009) MONTGOMERY, Ala. (AP) - A national study released Wednesday showed Alabama makes families living in poverty pay higher income taxes than any other state.
NM governor: Tax increase inevitable next year AP (November 03, 2009) SANTA FE, N.M. (AP) - Gov. Bill Richardson predicted that New Mexicans will face higher taxes next year to deal with the state's continuing budget problems.
Health care plan hits rich with big tax increases AP (November 02, 2009) WASHINGTON (AP) - The typical family would be spared higher taxes from the House Democratic plan to overhaul health care, and their low-income neighbors could come out ahead.
Report: Goldman Sachs looks to buy tax credits AP (November 02, 2009) NEW YORK (AP) - Wall Street giant Goldman Sachs Group Inc. is reportedly in talks to buy tax credits from Fannie Mae, a government-controlled mortgage financier.
Flex spending accounts face hit in health overhaul AP (November 02, 2009) WASHINGTON (AP) - Those tax-free spending accounts that you and your co-workers use to help pay for dental work, insurance copayments or over-the-counter drugs face a hit under the health overhaul bills in Congress - unless a coalition that includes a powerful union, insurers and others can stop it.
ND lawmakers exploring property tax credits AP (October 30, 2009) BISMARCK, N.D. (AP) - State lawmakers are exploring whether to give most North Dakota homeowners the benefit of a property tax credit normally reserved for seniors and people with disabilities.
Toy salesman gets 3 months jail in UBS tax probe AP (October 30, 2009) FORT LAUDERDALE, Fla. (AP) - A federal judge Friday rejected a plea for probation from a New York businessman who admitted concealing $8 million in secret Swiss bank accounts, imposing instead a three-month prison term in the high-profile tax evasion case.
Feds file suits over $562 million bogus tax claims AP (October 28, 2009) WASHINGTON (AP) - Federal authorities have filed lawsuits against seven people accused of promoting a bogus tax return scheme seeking a total of $562 million in refunds.
Ind. Republicans want to delay jobless tax hikes AP (October 28, 2009) INDIANAPOLIS (AP) - The state should delay unemployment tax increases on businesses from 2010 to 2011 to help companies retain workers and possibly wait long enough for a federal bailout, Republicans who control the Indiana Senate said Tuesday.
UBS ex-client seeks leniency for tax conviction AP (October 28, 2009) MIAMI (AP) - A wealthy accountant is seeking a lenient sentence for his cooperation in the U.S. tax evasion investigation into Swiss bank UBS AG.
3 plead guilty to tax charges in horse scheme AP (October 27, 2009) PORTLAND, Ore. (AP) - Federal authorities say three men have pleaded guilty to conspiracy charges in a scheme that allowed wealthy people to get tax benefits from investments in thoroughbred horse breeding.