Taxes

In what a key lawmaker called "retribution" for casino gambling being killed by the House, the state Senate Thursday killed the House-passed 67 percent hike in the state's gasoline tax.

Some municipalities along South Carolina's Grand Strand have begun to look at fee increases as a way to bolster revenue while keeping residents' property tax rates steady.

New businesses would operate completely tax free for 10 years, including no income tax for employees, as well as no sales, property or business taxes.

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.

May 23–Seattle Public Schools may have to repay as much as $490,000 to the federal government because state auditors say the district did not spend some of its federal grant money appropriately in the 2011-12 school year. The auditors, in one of their regular audits of the school district, questioned how the district spent funds […]

The Internal Revenue Service has slammed the Miccosukee Indians with a bill of $170 million for the West Miami-Dade tribe's failure to report and withhold taxes from its distribution of gambling profits to tribal members, according to court records.

Bloomberg BNA has launched the International Payroll Decision Support Network. This new membership-based service combines Bloomberg BNA's custom research offerings with a collection of new global payroll products and resources accessible to subscribers online.

Gov. Paul LePage said Monday that his long-term goal is to eliminate Maine's income tax, but he reiterated his opposition to a plan before the Legislature that would cut the income tax rate in half while raising and lowering other taxes.