TRENTON, N.J. (AP) — New Jersey lawmakers passed a record $50.6 billion budget Wednesday, sending the spending plan with $2 billion in property tax aid, a new child tax credit, a break on Motor Vehicle Commission fees, marriage license cost waivers and billions in more spending compared with last year to Democratic Gov.
SACRAMENTO, Calif. (AP) — California lawmakers on Wednesday were taking up a $308 billion state budget that will fund a Democratic wish-list of public spending on everything from expanded healthcare for immigrants and low-income residents to giving taxpayers an inflation refund and helping more women access abortion care.
TRENTON, N.J. (AP) — New Jersey's Democratic-led Legislature has teed up a vote Wednesday on a record $50.6 billion budget that boosts spending 9% over last year, sets aside $2 billion for property-tax payers and renters, and carries a $6 billion surplus into the new fiscal year.
SACRAMENTO, Calif. (AP) — Most California households would get up to $1,050 from the government to help them put the nation's most expensive gasoline in their cars, part of a relief package in the state's record-setting operating budget that lawmakers are scheduled to approve later this week.
SACRAMENTO, Calif. (AP) — Most California taxpayers would get hundreds of dollars in cash to help offset the high price of fuel and other goods under a tentative budget compromise being discussed by legislative leaders and Gov.
FRANKFORT, Ky. (AP) — Gov. Andy Beshear took action Thursday to combat any signs of price gouging at the pump, touting it as a consumer protection measure amid sky-high gas prices straining Kentuckians' budgets.
ST. PAUL, Minn. (AP) — Republican gubernatorial candidate Scott Jensen called Thursday for tax cuts and a clampdown on government spending and regulations to help Minnesotans cope with the highest inflation rate in 40 years.
Biden calls for 3-month suspension of gas and diesel taxes
WASHINGTON (AP) — President Joe Biden is calling on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures.
INDIANAPOLIS (AP) — A special session of the Indiana Legislature will begin July 6 to take up the governor’s proposal for sending out $225 payments to all taxpayers from the state’s growing budget surplus.
WASHINGTON (AP) — It’s Groundhog Day at the IRS.
After digging out of a daunting backlog from 2021, the agency has an even bigger backup for this tax season than it did a year ago and its pace for processing paper returns is slowing down, according to a watchdog report released Wednesday.
WASHINGTON (AP) — The Internal Revenue Service said Tuesday that it will have erased its backlog of last season's tax returns by the end of this week.
And with 143 million returns from this year's tax season processed so far, agency officials say there's a greater likelihood of being caught up on processing all returns by the end of this year.
GLEN ALLEN, Va. (AP) — Virginia Gov. Glenn Youngkin on Tuesday touted his administration's accomplishments during his first five months in office at a ceremonial budget-signing event that seemed more like a high-energy campaign rally than a routine bill-signing ceremony.
Kentucky Gov. Andy Beshear has run into a roadblock in trying to deliver relief for Louisville-area motorists forced to pay more at the pump for reformulated gas.
Federal regulators denied his request for a waiver to temporarily remove the requirement that costlier but cleaner-burning reformulated fuel be sold in Metro Louisville, the Democratic governor said Tuesday.
INDIANAPOLIS (AP) — Indiana will see another increase in state gasoline taxes starting July 1 amid promises of inflation relief — including a proposal to issue direct payments to Indiana residents later this month.
PROVIDENCE, R.I. (AP) — A $13.6 billion state budget passed the Rhode Island House late Thursday, sending it to the Senate for a vote.
The House version of the budget for the 2023 fiscal year accelerates phasing out the car tax, eliminating what would have been the final year of the tax next year at a cost of $64 million.
ALBANY, N.Y. (AP) — New York Gov. Kathy Hochul, who is running for election to the post after assuming it following Andrew Cuomo’s resignation, faced off Thursday in a final debate with two of her fellow Democrats, U.S.
COLUMBIA, S.C. (AP) — A $13.8 billion budget that sends hundreds of dollars of rebates to many South Carolina taxpayers and also cuts cuts their income tax rates is on its way to Gov Henry McMaster's desk.
TRENTON, N.J. (AP) — Two million New Jersey property taxpayers and renters will get a tax break worth up to $1,500 under a deal Gov. Phil Murphy and fellow Democrats in the Legislature unveiled Wednesday.
SACRAMENTO, Calif. (AP) — California lawmakers on Monday passed a $300 billion operating budget over the objections of Democratic Gov. Gavin Newsom, highlighting disagreements among Democrats about how to spend a record-breaking surplus that, by itself, is more than most other states spend in a year.
COLUMBIA, S.C. (AP) — Many South Carolina taxpayers may soon be getting several hundred dollars in tax rebates on top of a cut in their regular tax rates after a group of powerful lawmakers from the House and Senate agreed Friday to a compromise on the state budget.
FRANKFORT, Ky. (AP) — Kentucky Gov. Andy Beshear took emergency action Thursday to prevent price gouging amid a nationwide baby formula shortage, and he requested relief for Louisville-area motorists forced to pay more at the pump for reformulated gas.
INDIANAPOLIS (AP) — Indiana’s governor proposed a plan Thursday to tap into the state's growing budget surplus and send $225 in payments to taxpayers to provide them with relief amid the worst inflation in 40 years.
HARTFORD, Conn. (AP) — In the four years since Republican businessperson Bob Stefanowski first ran for governor, he says he has supported himself with work as a consultant. As he again asks voters to put him in charge of Connecticut, he has yet to disclose his clients or other details of his finances.
HARTFORD, Conn. (AP) — On the same day Democratic Gov. Ned Lamont launched a campaign ad touting recent tax-cutting measures, Connecticut Republicans on Tuesday demanded a special session to cut even more, calling the 25-cent-per-gallon gas tax holiday “embarrassing” now that prices are near $5 a gallon in the state and inflation continues to affect the price of goods and services.
COLUMBIA, S.C. (AP) — Several powerful House and Senate lawmakers met Tuesday for about 10 minutes to talk about South Carolina's budget without reaching an agreement on the main sticking points.
NEW YORK (AP) — Americans at the low end of the income rung are once again struggling to make ends meet.
A confluence of factors — the expiration of federal stimulus checks and surging inflation on staples like gas and food — are driving an even bigger wedge between the haves and have-nots.
RALEIGH, N.C. (AP) — Democrats in the state Senate on Thursday pitched their proposal to give $200 tax rebates to motorists in North Carolina, who are dealing with historically high gas prices.
Senate Minority Leader Dan Blue and other Democrats held a news conference to urge Republicans to consider the “gas tax rebate” legislation.
FRANKFORT, Ky. (AP) — Gov. Andy Beshear took action Thursday to freeze Kentucky's gas tax, an emergency step meant to prevent a looming rate increase as consumers struggle with surging prices at the pump.
SACRAMENTO, Calif. (AP) — California's legislative leaders on Wednesday said they want to return nearly $10 billion of the state's record-setting budget to taxpayers, setting up a month of intense negotiations with Gov.
RICHMOND, Va. (AP) — Virginia's divided General Assembly passed a compromise state budget Wednesday that would offer nearly $4 billion in tax relief, increase pay for teachers and other public employees, boost K-12 education spending and fund a wide range of projects from roadwork to school construction.
PORTLAND, Maine (AP) — Most Maine residents will soon receive $850 checks to help them cope with inflation after a shortage of envelopes and paper products threatened to slow delivery.
OKLAHOMA CITY (AP) — The Oklahoma Legislature spent the final day of the regular session on Friday overriding several of Gov. Kevin Stitt's vetoes, but opted not to override his veto of several key budget provisions.
INDIANAPOLIS (AP) — Indiana’s governor said Wednesday he was preparing a plan to potentially tap into the growing state budget surplus to help residents with the national inflation jump, while rejecting calls for suspending state gas taxes.
ST. PAUL, Minn. (AP) — There were a few hits but lots of misses as the divided Minnesota Legislature blew a deadline for passing a package of tax cuts and new spending using the state's massive budget surplus.
LANSING, Mich. (AP) — Both Democratic Gov. Gretchen Whitmer and the Republican-led Michigan Legislature proposed new plans to cut taxes Thursday but remained at odds over the scope and immediacy of any relief.
HARTFORD, Conn. (AP) — Eligible families can begin applying next month for Connecticut's new one-year child tax rebate program that's included in the newly revised state budget, Gov. Ned Lamont announced Thursday.
SANTA FE, N.M. (AP) — New Mexico is delivering the first in a series of direct payments to the state's adult residents to offset higher consumers costs amid inflation.
Individual taxpayers who get direct deposit rebates are scheduled to receive $250 and couples who file jointly are set to receive $500 as early as Thursday.
JEFFERSON CITY, Mo. (AP) — Missouri Gov. Mike Parson on Wednesday said he's concerned about a one-time tax credit bill awaiting his approval.
The Republican told reporters gathered in his Capitol office that the proposal was “put together in a pretty quick fashion” by the GOP-led Legislature and picks “winners and losers.”
SALEM, Ore. (AP) — Increased tax revenues are now predicted to deliver a record kicker rebate of $3 billion to taxpayers in 2024.
If your home’s value has soared, congratulations. If you decide to sell, beware.
Financial advisor James Guarino says some clients don’t realize that home sale profits are potentially taxable until their returns are prepared — and by that time, they may have spent the windfall or invested the money in another house.
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom on Friday pledged to use the state's record-breaking $300 billion budget, including an unprecedented nearly $100 billion surplus, to “future proof” the state from the impacts of a volatile midterm election cycle that he fears will undermine abortion access, gun safety and privacy protections across the country.
ST. PAUL, Minn. (AP) — About 45,000 of the richest residents in Minnesota owe the state about $38 million because of a mistake by the state Department of Revenue.
Authorities said the Legislature changed the standard income tax deduction during the 2019 session but it wasn't reflected correctly in the worksheet used by tax preparers in 2019 and 2020.
JEFFERSON CITY, Mo. (AP) — Missouri lawmakers passed few bills during the 2022 legislative session, in part because of gridlock in the Republican-led Senate.
Senators adjourned Thursday after approving new congressional districts, cutting off work on all other bills.
SACRAMENTO, Calif. (AP) — California's minimum wage will jump to $15.50 per hour next year, Gov. Gavin Newsom's administration announced Thursday, an increase triggered by soaring inflation that will benefit about 3 million workers.
ATLANTA (AP) — Georgia Gov. Brian Kemp says special state income tax refunds will begin this week, although it could be early August before everyone who filed a return before the April deadline will get paid.
BATON ROUGE, La. (AP) — The Louisiana Department of Revenue is reminding people that the state income tax filing deadline is almost here. A news release notes that the deadline is Monday, and anyone who wants an extension must ask before then.
JEFFERSON CITY, Mo. (AP) — Missouri's Republican-led Legislature on Friday passed a roughly $48 billion state budget packed with extra funding for teacher pay, school busing, Medicaid and public colleges and universities.
JEFFERSON CITY, Mo. (AP) — Many Missouri taxpayers could get a one-time refund of up to $500 per individual under a plan endorsed by state senators as a way to help offset inflation while whittling down a state surplus.
NEW YORK (AP) — The company behind the TurboTax tax-filing program will pay $141 million to customers across the United States who were deceived by misleading promises of free tax-filing services, New York's attorney general announced Wednesday.
HARTFORD, Conn. (AP) — The Connecticut Senate sent a revised, one-year $24.2 billion state budget to Democratic Gov. Ned Lamont's desk on Tuesday night that Democrats lauded as historic but Republicans derided as falling short for the taxpayers.