As part of the Tennessee Tax Works Act, signed into law earlier this year, Tennesseans will enjoy a three month reprieve from taxes on certain items at the grocery store.
Food and food ingredients will be exempt from state taxes from Tuesday until October 31, according to the state’s website.
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Connecticut lawmakers are debating a plan that would offer property tax relief to senior citizens who agree to deed-restrict their homes as affordable housing.
The proposal, which cleared a key vote by the Legislature’s Housing Committee earlier this month, would allow seniors with household incomes of up to 80% of the area median income to “opt-in” to a program that deed-restricts their homes as affordable. In exchange, they wouldn’t be required to pay local property taxes.
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Amazon received $166 million in subsidies, tax breaks, and grants from Tennessee communities for 20 projects.
Advocacy group Good Jobs First, which opposes such subsidies, found Tennessee provided the eighth-highest amount of grants and breaks among U.S. states to the nearly $1-trillion company.
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A Connecticut-based helicopter maker that was promised tax breaks from the state, has lost out on a major defense contract.
Sikorsky Aircraft, maker of the iconic Blackhawk helicopters, had submitted a proposal to the U.S. Army to produce its Defiant-X helicopter as part of the next generation of long-range helicopters.
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Following a report that tech company Oracle has begun laying off workers from its Nashville location, the libertarian conservative political advocacy group Americans for Prosperity is calling on state and local leaders to scrutinize the company especially after it received “nearly a quarter of a billion dollars in taxpayer money.”
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Saying communities in Ohio have been denied economic development and job growth opportunities because of energy issues, two Ohio lawmakers announced legislation Friday that would provide taxpayer incentives to grow energy infrastructure in the state.
Reps. Jon Cross, R-Kenton, and Jay Edwards, R-Nelsonville, called areas of the state “energy deserts,” and want House Bill 685 to promote the use of the state’s natural gas energy resource.
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The GOP-dominated Michigan Senate approved 14 budget bills that aim to provide $2 billion in tax relief in the fiscal 2023 budget amid 40-year high record inflation.
Senate Bills 827-843 were welcomed by Senate Appropriations Chair Jim Stamas, R-Midland.
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The Ohio House has passed a bill that would give employers $25,000 in tax credits to train new drivers in an effort to help companies across the state alleviate a growing truck driving shortage.
House Bill 197, backed by trucking and business organizations, now heads to the Senate. It passed the House, 97-0, this week.
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Gov. Gretchen Whitmer on Tuesday vetoed a bill that would have given small businesses an option for a tax breaks.
The governor wrote a letter explaining she vetoed the bill because it was too costly and would “primarily benefit a small number of Michiganders.”
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The GOP-led Michigan Senate passed bills that, if passed, will reduce government revenue in a year when the state will soon be strapped for cash.
Currently, the state is facing a projected deficit between $170 million and $1.17 billion for fiscal year 2022.
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On the heels of Governor Haslam’s signing a law to formally exempt a certain type of property tax of the world-famous distillery Jack Daniel’s Tennessee Whiskey Company, among others, Tennessee Pastors Network President fired back, denouncing the move as another victory for ‘Big Liquor.’ “Tennessee Republicans, the party of Big Liquor, continue to insult the voters with tax cuts to Jack Daniel’s Distillery at a time when Tennesseans are paying higher fuel taxes because of the Improve Act,” Walker said in a statement. Walker continued: Big Liquor doesn’t deserve any tax breaks with the havoc that alcohol wreaks on our society. We are already in an addiction crisis. The Republicans who voted for this law must all be drunk and have forgotten their vow of ‘so help me God’ to uphold the Constitution. Politicians use ‘God’ to get elected and then are influenced by powerful liquor lobbyists to pave the way for more profits for Big Liquor that only help destroy our Christian culture and ruin the lives of our citizens. Sales on Sunday and now tax cuts—only the devil knows what’s next for the party of Big Liquor! The tax carve-out was introduced at the beginning of the 2018 session and passed overwhelmingly by…
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