Georgia Governor Brian Kemp announced that he plans to work with the Georgia General Assembly to temporarily suspend the state’s excise tax on motor fuel sales, according to a Wednesday statement by Kemp’s office.
Read More
A recent report found a nationwide ban on the sale of menthol cigarettes could cost Virginia hundreds of millions of dollars in revenue.
If the proposed Food and Drug Administration ban on menthols was to go into effect, the commonwealth would lose more than $121.6 million in its first full year of implementation, according to a report from the Tax Foundation. The losses would be caused by lower excise tax revenue, lower sales tax revenue and lower Master Settlement Agreement (MSA) payments.
Read More
The Tennessee House passed a bill cancelling the excise tax on certain COVID-19 payments given to businesses. The legislation would cover all payments from March 1 to December 31 of last year.Â
If passed, the bill would apply to payments from the Tennessee Business Relief Program, the Tennessee Supplemental Employer Recovery Grant Program, the Coronavirus Agricultural and Forestry Business Fund, the Hospital Staffing Assistance Program, the Emergency Medical Services Ambulance Assistance Program, the Tennessee Small and Rural Hospital Readiness Grants Program, or the federal Child Care and Development Block Grant.
Read More