PORTLAND, Maine (AP) Gov. Janet Mills offered a compromise Tuesday that would match the federal government's tax relief for more than 99% of Maine businesses that received forgivable loans.
Legislative panel stamps out bill to raise cigarette taxes
By JAMES MacPHERSONFebruary 9, 2021 GMT
BISMARCK, N.D. (AP) A North Dakota legislative panel on Tuesday snuffed out a proposal to raise the state’s cigarette tax from 44 cents to $1 a pack, which would have been the first such hike in almost 30 years.
The House Finance and Taxation Committee gave a “do-not-pass” recommendation to the bipartisan bill, which was estimated to generate about $30 million annually. Companion legislation that would use those funds for health-related programs also failed to get the panel’s support.
The legislation now goes to the full House for consideration.
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In a year where many Canadians experienced a change in their financial situation, owing money on taxes is the last thing anyone needs. This makes the upcoming tax season stressful
if not downright terrifying.
Luckily, there are a myriad of federal and provincial credits and deductions that can help, and even get some extra cash in your pocket! Understanding which benefits you qualify for and how they can work for you is the key to getting the most out of your 2020 tax returns.
In partnership with H&R Block, here are some of the main credits and deductions you should keep an eye out for.