Corporate Income Taxes. Legal news and articles for May 18 - 23, 2017

Kansas House votes down latest plan for rollback of Brownback's tax cutsLegislative Task Force to Overhaul Arkansas Tax SystemDucey signs 27 laws including aid for needy, biz tax creditsTrump calls to cut off tax breaks for illegal immigrantsTrump Tax Reform May Change Flat-Rate Withholding on Supplemental WagesHealthcare reform must include repeal of all ObamaCare taxesHealth care law changes would reduce tax creditsSC to examine whether NOIDA is a corporation under UP lawMoving to one of these 9 states could save you thousandsObamacare Repeal Law Would Give Montana Republican $800000 Tax CutHow 150000 low-income workers in SC will get tax breakConsider Smart Tax Moves Now That Work With Possible ReformDetroit targets 7000 residents, businesses not paying city income tax150000 low-income South Carolinians to get tax break as part of gas-tax hikeWalker doubles down on income tax, but won't offer it himself

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Sen. Brock's proposal would further reduce corporate, income taxes
Salisbury PostApril 24, 2017

SALISBURY — It's not quite as drastic as the title suggests, but a bill moving through the state legislature would sharply slash corporate and personal income taxes by hundreds of millions of dollars. Senate Bill 325, also known by the title “Billion ...more »

Valpo law school earns high marks
nwitimes.comApril 24, 2017

... law clinics, study abroad programs in England, Israel and Palestine, simulation courses, Moot Court, International Moot Court, the Trial Advocacy course and competition, law review, client counseling and the Volunteer Income Tax Assistance program.more »

Corporate Income Taxes. News and Stories

Kansas House votes down latest plan for rollback of Brownback's tax cuts
Kansas City StarMay 23, 2017

The proposal fell on the five year anniversary of Brownback originally signing the income tax cuts into law. Ward and a majority of other Democrats voted against the legislation. Moderate Republicans would likely have needed more support from Democrats ...more »

Legislative Task Force to Overhaul Arkansas Tax System
KARKMay 23, 2017

The Arkansas Tax Reform and Relief Task Force, part of the governor's new law that established a $50 million income tax cut for low-income taxpayers, met for the first time Monday morning. Sen. Jim Hendren, R-Gravette, and Rep. Lane Jean, R-Magnolia, ...more »

Ducey signs 27 laws including aid for needy, biz tax credits
Arizona Daily StarMay 23, 2017

Ducey also agreed to expand an existing “angel investors” program that gives investors a 30 percent income tax credit — 35 percent for certain targeted industries — for money they invest, mainly in small companies. That provoked controversy over why ...more »

Trump calls to cut off tax breaks for illegal immigrants
Washington ExaminerMay 23, 2017

Under current law, workers must provide a Social Security number to receive the earned income tax credit. To claim the refundable portion of the child tax credit, though, only an individual taxpayer identification number is necessary, which the IRS ...more »

Trump Tax Reform May Change Flat-Rate Withholding on Supplemental Wages
Bloomberg BNAMay 22, 2017

Modifications to tax law that are to be pursued as part of President Donald Trump's overall federal tax reform plan may include changes to how the optional and mandatory flat income tax rates for supplemental wage withholding are determined. Under ...more »

Healthcare reform must include repeal of all ObamaCare taxes
The Hill (blog)May 21, 2017

Most notably, ObamaCare imposed a tax increase on families with high medical bills. Around 10 million families pay $200 to $400 in higher income taxes each year because the law increases the threshold at which families can deduct medical expenses paid ...more »

Health care law changes would reduce tax credits
Eagle-TribuneMay 21, 2017

BOSTON — The Republican-led plan to replace the federal health care law would scrap government-backed tax credits that help make health insurance more affordable for low- and moderate-income workers, advocates say, and will drive up premium costs.more »

SC to examine whether NOIDA is a corporation under UP law
The TribuneMay 21, 2017

The Supreme Court has agreed to examine a plea of the income tax department whether the North Okhla Industrial Development Authority (NOIDA) is a corporation established by the Uttar Pradesh government under the state industrial development law or ...more »

Moving to one of these 9 states could save you thousands
AOLMay 20, 2017

State agencies also use collected income taxes to pay for services, including transportation and law enforcement. Residents in most of the country must pay federal and state income taxes. However, nine states don't levy any state income tax: Alaska ...more »

Obamacare Repeal Law Would Give Montana Republican $800000 Tax Cut
HuffPostMay 19, 2017

In the past two weeks, Quist has made an issue out of Gianforte's murky stance on the Republican health care law, which the nonpartisan Congressional Budget Office estimated would deny at least 24 million Americans health insurance. The law would have ...more »

How 150000 low-income workers in SC will get tax break
Spartanburg Herald JournalMay 19, 2017

Thousands of low-income working S.C. taxpayers will see their tax bill shrink because of the new law increasing the state's gas tax. Those savings could be more than $40 million for almost 150,000 S.C. taxpayers. S.C. lawmakers created a new ...more »

Consider Smart Tax Moves Now That Work With Possible Reform
ForbesMay 19, 2017

They are anxious to make smart moves for 2017 tax planning based on current law and are uncertain if tax reform changes will enhance or undermine their maneuvers. Good news: I don't expect Congress to repeal trader tax benefits. Repeal should affect ...more »

Detroit targets 7000 residents, businesses not paying city income tax
Crain's Detroit BusinessMay 18, 2017

Since April 2016, Detroit has collected an additional $5.3 million in income tax through targeted enforcement efforts involving corporations, law firms and residents in downtown and Midtown, Hollowell said. The city attorney confirmed the $5.3 million ...more »

150000 low-income South Carolinians to get tax break as part of gas-tax hike
The StateMay 18, 2017

Thousands of low-income working S.C. taxpayers will see their tax bill shrink because of the new law increasing the state's gas tax. Those savings could be more than $40 million for almost 150,000 S.C. taxpayers. S.C. lawmakers created a new ...more »

Walker doubles down on income tax, but won't offer it himself
Must Read Alaska (blog)May 18, 2017

It's more likely that the governor, who is now ramping up into campaign mode, would simply allow the tax go into effect without his signature, therefore keeping the stink of an income tax as far away as possible. However, if an income tax becomes law ...more »

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